115 Peninsula Road Medicine Lake, MN 55441

$699,900
Active
estimated monthly payment
6 Beds  |  4 Baths  |  2,950 Sq Ft  |   |  MLS # 6811562
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About The Listing

A rare gem in the heart of Medicine Lake, this exceptional owner-occupied duplex is a dream opportunity for both investors and homeowners alike. Featuring two generously sized units, each offering updated kitchens, three bedrooms, and two bathrooms, this property effortlessly combines comfort and practicality.

Set on a sprawling half-acre lot, you'll enjoy plenty of yard space, mature trees for added privacy, and the convenience of a three-car detached garage. Nestled in the prestigious Wayzata school district and surrounded by multi-million-dollar homes, this is the only single-owner duplex in Medicine Lake—a truly unique find.

Location is key, and this property shines with its proximity to the Luce Line Trail system, Medicine Lake Regional Parks, and a quick 15-minute drive to downtown Minneapolis. For investors, Unit 2 has been rented on a month-to-month basis since 2019 at $1,900 per month, with tenants covering separate utilities—making it a hassle-free income stream.

Don’t miss your chance to own this one-of-a-kind property in a highly sought-after community. Whether you're looking to invest or create your own tranquil retreat, Medicine Lake offers the lifestyle and location you’ve been waiting for.


Listing courtesy of Jesse Swanson, Compass
Purchase Price
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Property Details

Features

 
 
 
Property Type: Other
Status: Active
Contingency Type: None
Year Built: 1961
MLS #: 6811562
Bedrooms: 6
Square Feet: 2,950
Price Per Square Foot: $237
Garage Spaces: 3
Parking Description: Detached Garage, Asphalt, Multiple Garages, Shared Garage/Stall
Sewer Description: City Sewer/Connected
Water: City Water - In Street, Well
Heat Type: Forced Air
Basement: Block
Roof Description: Age 8 Years or Less
Days On Market (Continuous): 0
Disability Features: None
Latest Update: 03/12/2026
List Date: 03/05/2026
Listing Agent ID: 502044039
Listing Office: Compass
Listing Office ID: 49293
Data Source: NorthstarMLS - The Regional MLS of Minnesota
Laundry Features: Lower Level
Lot Dimensions: 120x200
Lot Size: 0.57 Acres
Pool Description: None
Lot Features: Corner Lot, Irregular Lot, Tree Coverage - Light
School District: Wayzata
Tax Year: 2025
Estimated Taxes: $8,306
Contingency Type: None
City: Medicine Lake
Zip: 55441
County: Hennepin
Subdivision: Medicine Lake Park 1st Div
State: MN

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Listing last updated: 03/12/26

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