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Loryn Ferdelman

loryn@thepropertygeeks.com +1(612) 590-7914

$ 999,900

Est. payment | -/mo

5 Beds

3 Baths

3,778 SqFt

Save

$ 999,900

Est. payment | -/mo

Save

5 Beds

3 Baths

3,778 SqFt

Open House

Sat Sep 19, 3:00pm - 5:00pm

Sat Sep 26, 11:00am - 1:00pm

Sun Sep 27, 11:00am - 1:00pm

Key Details

Property Type Single Family Home

Sub Type Single Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,778 sqft

Price per Sqft $264

Subdivision Medicine Lake Park 1St Div

MLS Listing ID 7106043

Bedrooms 5

Full Baths 2

Three Quarter Bath 1

Year Built 1955

Annual Tax Amount $15,043

Tax Year 2026

Contingent None

Lot Size 0.650 Acres

Lot Dimensions 84x338x96x305

Property Sub-Type Single Family

Property 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.

Location

State MN

County Hennepin

Zoning Residential-Single Family

Body of Water [{\"WaterBodyName\":\"Medicine\", \"LakeAcres\":924.37, \"WaterBodyKey\":\"101350\", \"NST_LakeClass\":\"General Development\", \"NST_LakeChain\":\"N\", \"BodyOfWaterNumber\":\"27010400\", \"LakeDepth\":49}]

Lake Name Medicine

Rooms

Basement Partially Finished

Dining Room Eat In Kitchen, Informal Dining Room

Interior

Heating Forced Air

Cooling Central Air

Fireplaces Number 1

Fireplace Yes

Laundry Main Level

Exterior

Parking Features Attached Garage, Tuckunder Garage

Garage Spaces 2.0

Waterfront Description Lake Front

View Y/N Lake

View Lake

Roof Type Age Over 8 Years

Road Frontage N

Building

Story One

Foundation 3440

Sewer City Sewer/Connected

Water City Water - In Street, Well

Level or Stories One

New Construction false

Schools

School District Wayzata

Listed by Kelly Brown • eXp Realty

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(612) 590-7914

loryn@thepropertygeeks.com

20908 Holyoke Ave, Lakeville, Minnesota 55044, USA

168 Peninsula RD Medicine Lake, MN 55441