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115 Peninsula Road
Medicine Lake MN 55441 US

$699,900

Active Listing ID 6811562
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6 bed
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Lot: 0.57 Acres
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Other

$699,900

Active Listing ID 6811562
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115 Peninsula Road 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.

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Property Features

  • Facts
  • Lot Size: 0.57 Acres
  • Property Type: Other
  • Property Sub-type: Other
  • Features
  • Exterior Finish: Cement Board
  • Heating Fuels: Forced Air

Property

  • propertytype: Other
  • propertysubtype: Other
  • listprice: 699900
  • unparsedaddress: 115 Peninsula Road
  • postalcity: Medicine Lake
  • stateorprovince: MN
  • country: US
  • postalcode: 55441
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.57
  • lotsizeunits: Acres
  • lotsizearea: 0.57
  • livingarea: 2950
  • livingareaunits: Square Feet
  • latitude: 44.996346
  • longitude: -93.417933
  • listagentfullname: Jesse Swanson
  • listagentemail: jesse.swanson@compass.com
  • listagentkey: 3yd-RMLSMN-502044039
  • listagentmlsid: 502044039
  • listagentpreferredphone: 6128400444
  • listagentofficephone: 9522830644
  • listofficekey: 3yd-RMLSMN-49293
  • listofficemlsid: 49293
  • disclaimer: Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: RMLSMN
  • yearbuilt: 1961
  • listingcontractdate: 2026-03-05
  • listagenturl: https://www.compass.com
  • countyorparish: Hennepin
  • parcelnumber: 2511822330040
  • heating: Forced Air
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: Driveway, Garage, Garage - Detached
  • waterfrontyn: False
  • exteriorfeatures: Cement Board
  • architecturalstyle: Other
  • rooms: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: False
  • location: -93.41793, 44.996346
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Compass Minnesota, LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"jesse.swanson@compass.com", "ListBrokerageCity":"St Louis Park", "ListBrokerageCountry":"US", "ListBrokerageEmail":"support@compass.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Compass Minnesota, LLC", "ListBrokeragePhone":"(952) 213-1631", "ListBrokeragePostalCode":"55416-1443", "ListBrokerageStateOrProvince":"MN", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"1600 Utica Ave S", "ListBrokerageWebsiteUrl":"https://www.compass.com", "ListOfficeAddress1":"401 Lake St E", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Wayzata", "ListOfficeCountry":"US", "ListOfficeEmail":"support@compass.com", "ListOfficePostalCode":"55391", "ListOfficeStateOrProvince":"MN", "ListPriceCurrencyType":"USD", "ListingTitle":"Multi-Family - Medicine Lake, MN", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/115-Peninsula-Rd_Medicine-Lake_MN_55441_M88981-22811?f=listhub&s=RMLSMN&m=6811562&c=rexren", "MLSModificationTimestamp":"2026-03-10T08:46:01Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":null, "RawPropertyType":"Multi-Family", "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":8306, "TaxDescription":null, "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 3/10/2026 3:02:57 PM GMT
Source Updated Date: 3/11/2026 7:22:10 AM GMT

Courtesy of: Jesse Swanson, Compass, jesse.swanson@compass.com

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.