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Hatch Brokered by Real

| Hatch Brokered by Real | Real Brokerage LLC | PLACE

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168 Peninsula Rd , Medicine Lake, MN 55441
$949,500
Est. Payment: $2,110.00/mo
5 Bed
3 Bath
3778 Sqft
0.65 Acres
Status: active | Days on site: 48
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26146 - 502043623
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Hatch Brokered by Real, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

RARE MEDICINE LAKE OPPORTUNITY offering 96 FEET OF LAKESHORE + TWO SEPARATE RESIDENCES—166 + 168 Peninsula—BEING SOLD TOGETHER in a sought-after peninsula setting, all in WAYZATA SCHOOLS. Located in the City of Medicine Lake—a hidden gem w/ a small-town lake community feel tucked into the heart of the West Metro. MAIN HOME | 168 PENINSULA: Filled w/ natural light + lake views featuring real hardwood floors & oversized Family Room w/ floor-to-ceiling stone fireplace. Double doors open to the Sun Room w/ vaulted ceiling, walls of windows, front walkout + access to the oversized back deck overlooking the property + lake. Kitchen features granite counters, SS apps (inc gas range) & abundant cabinetry. ML offers 4 BRs + Office/Flex Space & 2 BAs. Two BRs feature vaulted ceilings + share an updated 3/4 Bath. Primary Bedroom features built-ins + private walkout to the deck overlooking the lake. LL includes Laundry Room, tuck-under garage + HUGE Storage Room w/ crawl space. OVER $50,000 IN RECENT REPAIRS, MAINTENANCE + IMPROVEMENTS, including a FULL ROOF REPLACEMENT SEPT 2026 + new soffits, fascia & gutters on a portion of the back of the home—SEE SUPPLEMENTS for details. Incredible lakeshore lot w/ mature trees + privacy. Expansive back deck + lake access area are ready for the next owner’s vision, w/ existing stairs to the lake needing to be rebuilt/reworked. Addt’l front patio surrounded by mature landscaping. GUEST HOUSE | 166 PENINSULA: Separate residence w/ its own driveway + mailbox. Full Kitchen w/ oven opens to Informal Dining + Family Room w/ fireplace & walkout to backyard. ML also features 1 BR + Flex Room, Full Bath & washer/dryer. Addt’l shed for storage. Guest House was recently tenant occupied + has previously been used as a rental; future rental use would require buyer to apply for a new rental license + complete required City inspection/approval. Enjoy lake life on Medicine Lake—the 2nd largest lake in Hennepin County—offering boating, kayaking, paddle boarding, fishing + miles of trails for walking, running & biking. Walk to the newly renovated park at the end of the peninsula w/ pavilion, pickleball, tennis + basketball courts & new playground. Nestled on a peninsula surrounded by water, this special community feels tucked away while still just minutes from Plymouth, Wayzata, Ridgedale, restaurants, shopping + downtown Minneapolis. A unique opportunity to own 96 feet of Medicine Lake shoreline + two separate residences and bring your ideas + vision to reimagine this property and make it your own.
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Highlights

Listed by BROWN & Co Residential , 763-416-1279 eXp Realty , 320-500-4397. Minneapolis/St. Paul and St. Cloud - Northstar MLS

Property Type

Residential
Lot/Acreage
0.65

Year Built

1955

County

Hennepin

 Neighborhood

Medicine Lake Park 1st Div

 School District

Wayzata

Listing ID

7106043

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:5
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:2
  • ▪ 3/4 Bathrooms:1
Air Cond:Central Air
Fireplaces:
Above Ground Sq Ft:3440
Below Ground Sq Ft:338
Basement:Partially Finished
Other:
  • ▪ Additional:Main Floor Primary Bedroom, Main Floor 1/2 Bath, Main Floor 3/4 Bath, Main Floor Full Bath, Eat In Kitchen, Informal Dining Room, 3 BR on One Level, 4 BR on One Level, All Living Facilities on One Level, Main Floor Primary, Main Floor Laundry
Water:City Water - In Street,Well

Exterior Features

Lot:Lake Front,Waterfront
Lot Dimensions:84x338x96x305
Zoning:Residential-Single Family
Roof:Age Over 8 Years
Sewer:City Sewer/Connected
Parking Features:Attached Garage,Tuckunder Garage
Principal Interest
$2,110
Taxes
$1,254

Home Price

$949,500

Loan Details

30 yrs
0%

Down Payment

20%
$189,900
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,110.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,110.00 $1,253.58 $0.00 $3,363.58
Yearly $25,320.00 $15,043.00 $0.00 $40,363.00
Total $759,600.00 $451,290.00 $0.00 $1,210,890.00
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Will Provost
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Market insight data is pulled from the same city as the listing being viewed (Medicine Lake, MN).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-10-22T20:03:09.000Z

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