For Sale: Medicine Lake MLS# 7106043
Active
$999,900
Single Family: 1 Story
5 br • 3 ba • Built 1955
3,778 sqft • 0.65 acres
Wayzata schools
MLS# 7106043
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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.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$999,900
Price per sq ft:
$265
Property Type:
Single Family
City:
Medicine Lake
Garage Spaces:
2
County:
Hennepin
Year Built:
1955
State:
MN
Property Style:
1 Story
Zip Code:
55441
Subdivision Name:
Medicine Lake Park 1st Div
Interior
Bedrooms:
5
Bathrooms:
3
Finished Area:
3,778 ft2
Total Fireplaces:
1
Living Area:
3,778 ft2
Common Wall:
No
Basement Details:
Partially Finished
Exterior
Stories:
One
Garage Spaces:
2
Garage Size:
500 ft2
Air Conditioning:
Central Air
Foundation Size:
3,440 ft2
Handicap Accessible:
None
Out Buildings:
Guest House
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Attached Garage
- Tuckunder Garage
Unit Amenities:
Main Floor Primary Bedroom
Road Frontage:
City Street
Roof Details:
Age Over 8 Years
Rooms
1/4 Baths:
None
Full Baths:
2
Half Baths:
None
3/4 Baths:
1
Bathroom Details:
- Main Floor 1/2 Bath
- Main Floor 3/4 Bath
- Main Floor Full Bath
Dining/Kitchen:
- Eat In Kitchen
- Informal Dining Room
Laundry:
Main Level
| Main Level | Size | Sq Ft |
|---|---|---|
| Dining Room | 9 x 12 | 108 |
| Dining Room | 5 x 7 | 35 |
| Family Room | 21 x 15 | 315 |
| Bedroom 5 | 10.5 x 10.5 | 100 |
| Bedroom | 14 x 13 | 182 |
| Bedroom 4 | 17 x 11.5 | 187 |
| Kitchen | 19 x 11 | 209 |
| Kitchen | 11 x 7 | 77 |
| Laundry | 6 x 8 | 48 |
| Living Room | 21 x 13.5 | 273 |
| Office | 9.5 x 10 | 90 |
| Office | 10.5 x 8.5 | 80 |
| Bedroom 2 | 13 x 10.5 | 130 |
| Sun Room | 13.5 x 30 | 390 |
| Bedroom 3 | 9.5 x 12 | 108 |
| Lower Level | Size | Sq Ft |
|---|---|---|
| Mud Room | 9 x 8 | 72 |
Lake & Waterfront
Waterfront Present:
Y
Waterfront View:
Lake
WF Frontage:
96
Waterfront:
Lake Front
Lake Bottom:
Sand
Lot & Land
Acres:
0.65
Geolocation:
44.999983, -93.418245
Lot Dimensions:
84 x 338 x 96 x 305
Zoning:
Residential-Single Family
Schools
School District:
284
District Phone:
7637455000
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$15,043
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$15,043
Association Fee Required:
No
Association Fee:
None
Miscellaneous
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Water System:
- City Water - In Street
- Well
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of eXp Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.