Welcome to 264 Peninsula Road, situated on one of the most desirable lots on the fully recreational Medicine Lake (less than 15 minutes from downtown). Renovated in 1998 to enjoy lake life to its fullest, the home is an entertainer's dream with just under 5000 finished sqft. This 4 bedroom, 4 bath open floor plan has a modern flair with multiple entertaining spaces. 3 decks are strategically placed on the property to enjoy the lake activity and sunsets. The home was designed with lake views in mind offering unobstructed views from front to back. A very private lake side includes a four-season porch, 2 decks on the lake side that lead down a large patio with outdoor bar, screened area surrounding a 25x15' heated salt plunge pool and hot tub. The home has 123 ft of sandy shoreline and the like-new aluminum 80ft dock and platform come with the home. With new interior and exterior paint, this home is move-in ready.
Closed
$1,785,000
264 Peninsula Rd, Medicine Lake, MN 55441
4beds
4,990sqft
Single Family Residence
Built in 1961
0.41 Acres Lot
$1,956,700 Zestimate®
$358/sqft
$4,503 Estimated rent
Home value
$1,956,700
$1.78M - $2.17M
$4,503/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: May 06, 2025 at 09:03am
Listed by:
Jesse Swanson 612-840-0444,
Compass
Bought with:
Sarah L Marrinan
Engel & Volkers Minneapolis Downtown
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6443397
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 1
- 3/4 bathrooms: 2
- 1/2 bathrooms: 1
Bedroom 1
- Level: Upper
- Area: 336 Square Feet
- Dimensions: 24x14
Bedroom 2
- Level: Upper
- Area: 168 Square Feet
- Dimensions: 14x12
Bedroom 3
- Level: Upper
- Area: 165 Square Feet
- Dimensions: 11x15
Bedroom 4
- Level: Lower
- Area: 154 Square Feet
- Dimensions: 11x14
Bonus room
- Level: Upper
- Area: 350 Square Feet
- Dimensions: 25x14
Den
- Level: Main
- Area: 624 Square Feet
- Dimensions: 24x26
Dining room
- Level: Main
- Area: 286 Square Feet
- Dimensions: 13x22
Family room
- Level: Main
- Area: 240 Square Feet
- Dimensions: 12x20
Garage
- Level: Lower
- Area: 676 Square Feet
- Dimensions: 26x26
Informal dining room
- Level: Main
- Area: 120 Square Feet
- Dimensions: 12x10
Kitchen
- Level: Main
- Area: 312 Square Feet
- Dimensions: 26x12
Laundry
- Level: Upper
- Area: 48 Square Feet
- Dimensions: 6x8
Living room
- Level: Main
- Area: 234 Square Feet
- Dimensions: 13x18
Office
- Level: Main
- Area: 88 Square Feet
- Dimensions: 11x8
Porch
- Level: Main
- Area: 168 Square Feet
- Dimensions: 12x14
Recreation room
- Level: Lower
- Area: 576 Square Feet
- Dimensions: 24x24
Heating
- Baseboard, Forced Air, Fireplace(s), Radiant Floor
Cooling
- Central Air
Appliances
- Included: Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Exhaust Fan, Humidifier, Iron Filter, Microwave, Refrigerator
Features
- Central Vacuum
- Basement: Block,Finished,Walk-Out Access
- Number of fireplaces: 4
- Fireplace features: Amusement Room, Circulating, Family Room, Masonry, Gas, Living Room, Primary Bedroom
Interior area
- Total structure area: 4,990
- Total interior livable area: 4,990 sqft
- Finished area above ground: 4,090
- Finished area below ground: 900
Property
Parking
- Total spaces: -44
- Parking features: Attached, Driveway - Other Surface, Heated Garage
- Attached garage spaces: 3
- Has uncovered spaces: Yes
- Details: Garage Dimensions (26x26), Garage Door Height (7), Garage Door Width (18)
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Patio, Screened, Side Porch
- Has private pool: Yes
- Pool features: In Ground, Heated
- Fencing: None
- Has view: Yes
- View description: Lake, Panoramic
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake Front, Waterfront Elevation(15-26), Waterfront Num(27010400), Lake Bottom(Sand, Weeds), Lake Acres(925), Lake Depth(49)
- Body of water: Medicine
- Frontage length: Water Frontage: 123
Lot
- Size: 0.41 Acres
- Features: Irregular Lot
Details
- Foundation area: 1200
- Parcel number: 2611822140042
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Engineered Wood, Stucco, Block, Frame
- Roof: Age Over 8 Years
Condition
- Age of Property: 64
- New construction: No
- Year built: 1961
Utilities & green energy
- Electric: Circuit Breakers, Power Company: Xcel Energy
- Gas: Electric, Natural Gas
- Sewer: City Sewer - In Street
- Water: Well
Community & neighborhood
Location
- Region: Medicine Lake
- Subdivision: Replat Medicine Lake Park 1st Div-Blk 8
HOA & financial
HOA
- Has HOA: No
Price history
| Date | Event | Price |
|---|---|---|
| 10/27/2023 | Sold | $1,785,000-10.5%$358/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6443397 Report a problem | ||
| 10/23/2023 | Pending sale | $1,995,000$400/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6443397 Report a problem | ||
| 10/5/2023 | Listed for sale | $1,995,000$400/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6443397 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $24,355 +9.7% | $1,682,200 -2.1% |
| 2024 | $22,207 +7.9% | $1,718,900 +6.7% |
| 2023 | $20,572 +6.4% | $1,611,600 +12.5% |
Find assessor info on the county website
Neighborhood: 55441
Nearby schools
GreatSchools rating
- 7/10Sunset Hill Elementary SchoolGrades: K-5Distance: 1.9 mi
- 9/10Wayzata East Middle SchoolGrades: 6-8Distance: 1.7 mi
- 10/10Wayzata High SchoolGrades: 9-12Distance: 5.1 mi
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Estimated market value$1,956,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,956,700