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115 Peninsula Road, Medicine Lake, MN 55441

Medicine Lake
Local realty services provided by:CENTURY 21 FM Realty
115 Peninsula Road,Medicine Lake, MN 55441
$699,900
  • 6 Beds
  • 4 Baths
  • 2,950 sq. ft.
  • Multi-family
  • Active
Listed by: jesse swanson
Office: compass
MLS#:6811562
Source:NSMLS

Price summary

  • Price:$699,900
  • Price per sq. ft.:$237.25

About this home

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

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Home facts

  • Year built:1961
  • Listing ID #:6811562
  • Added:1 day(s) ago
  • Updated:March 07, 2026 at 01:03 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:4
  • Basement:Yes
  • Basement Description:Block
  • Living area:2,950 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Age 8 Years or Less
  • Year built:1961
  • Building area:2,950 sq. ft.
  • Lot area:0.57 Acres
  • Lot Features:Corner Lot, Irregular Lot, Sloped, Tree Coverage - Light
  • Levels:1 Story

Utilities

  • Water:City Water - In Street, Well
  • Sewer:City Sewer - Connected

Finances and disclosures

  • Price:$699,900
  • Price per sq. ft.:$237.25
  • Tax amount:$8,306 (2025)
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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