Refine Search
Map
Sort by
$999,900
COMING SOON Status ⋅ 5 Beds ⋅ 3 Baths ⋅ 7106043 MLS ⋅ 3,778 SqFt.
RARE MEDICINE LAKE OPPORTUNITY offering 96 FEET OF LAKESHORE + TWO SEPARATE RESIDENCES 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—this unique property offers incredible proximity to downtown Plymouth, Wayzata, Ridgedale & Minneapolis. MAIN HOME | 168 PENINSULA: Filled w/ natural light + lake views, featuring real hardwood floors & an oversized Family Room w/ floor-to-ceiling stone fireplace. Double doors open to the Sun Room w/ vaulted ceiling, walls of windows, front walkout + deck access. Kitchen features granite counters, SS apps (inc gas range) & abundant cabinetry. ML offers 4 BRs + Office/Flex Space & 2 BAs. Two of the Bedrooms 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 + Storage Room w/ crawl space. NEW ROOF SEPT 2026. Incredible 96-ft lakeshore lot w/ mature trees + privacy. Lake access area is currently overgrown & existing stairs to the lake will require rebuilding/reworking, offering the next owner an opportunity to reimagine the waterfront. 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 has previously been used as a rental; future rental use offers POTENTIAL INCOME and would require buyer to apply for a new rental license + complete required City inspection/approval. A truly unique opportunity to own 96 feet of Medicine Lake shoreline w/ two residences, incredible flexibility + a prime peninsula location in WAYZATA SCHOOLS.

168 Peninsula Road, Medicine Lake

Listing courtesy of eXp Realty.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Listing data © 2026 Regional Multiple Listing Service of Minnesota. All rights reserved. By searching, you agree to the EULA.