264 Peninsula Road, Medicine Lake, MN 55441

$1,785,000

Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 4,990 Lot Size (sq. ft.): 17,860 Status: Closed

Current Price: $1,785,000 List Date: 10/05/2023 Last Modified: 7/24/2026

Overview

Description

Welcome to 264 Peninsula Road, situated on one of the most desirable lots on the fully recreational Medicine Lake (less than 15 minutes from downtown). Renovated in 1998 to enjoy lake life to its fullest, the home is an entertainer's dream with just under 5000 finished sqft. This 4 bedroom, 4 bath open floor plan has a modern flair with multiple entertaining spaces. 3 decks are strategically placed on the property to enjoy the lake activity and sunsets. The home was designed with lake views in mind offering unobstructed views from front to back. A very private lake side includes a four-season porch, 2 decks on the lake side that lead down a large patio with outdoor bar, screened area surrounding a 25x15' heated salt plunge pool and hot tub. The home has 123 ft of sandy shoreline and the like-new aluminum 80ft dock and platform come with the home. With new interior and exterior paint, this home is move-in ready.

Listing Details MLS# 6443397

General Property Information

# Carport Spaces: -47
Common Wall: No
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: 4
Road Btwn WF & Home?: No
Waterfront Frontage: 123
Waterfront YN: Yes
Year Built: 1961
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bath Full: Yes
Bath Three Quarters: 2
Bath Half: Yes
Main Floor Total SqFt: 2438
Above Grd Total SqFt: 4090
Below Grd Total SqFt: 900
Total SqFt: 4990
Total Finished Sqft: 4990.00
FireplaceYN: Yes
Lake/Waterfront Name: Medicine
Style: (SF) Single Family
Foundation Size: 1200
Power Company: Xcel Energy
Garage Stalls: 3
Lot Dimensions: irregular
Acres: 0.41

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: Balcony; Cable; Ceiling Fan(s); Deck; Dock; Ethernet Wired; Hardwood Floors; Hot Tub; In-Ground Sprinkler; Kitchen Window; Paneled Doors; Patio; Porch; Primary Bedroom Walk-In Closet; Skylight; Tile Floors; Washer/Dryer Hookup Appliances: Central Vacuum; Cooktop; Dishwasher; Disposal; Double Oven; Dryer; Iron Filter; Microwave; Refrigerator Assumable Loan: Not Assumable Basement: Concrete Block Bath Description: Main Floor 1/2 Bath; Upper Level Full Bath; Private Primary; 3/4 Basement Construction Materials: Block; Frame Construction Status: Previously Owned Dining Room Description: Separate/Formal Dining Room Electric: Circuit Breakers Elevation Highpoint to Waterfront Slope: Gradual Existing Financing: Conventional Exterior: Engineered Wood; Stucco Family Room Characteristics: Lower Level; Main Level Fencing: None Financing Terms: Conventional Fireplace Characteristics: Amusement Room; Family Room; Gas Burning; Living Room; Primary Bedroom Fuel: Electric; Natural Gas Heating: Baseboard; Forced Air; In-Floor Heating Internet Options: Cable; DSL Lake Details: Sand; Weeds Laundry: Upper Level Lot Description: Irregular Lot Parking Characteristics: Heated Garage Pool Description: Below Ground; Heated Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age Over 8 Years Sewer: City Sewer - In Street Special Search: Primary Bdr Suite Stories: Two Water: Well Waterfront View: Lake; Panoramic

Contract Information

Off Market Date: 2023-10-23
Contingency: None
Closed Date: 2023-10-27
Original List Price: 1995000
Sales Close Price: 1785000
ListPrice: 1995000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 264
Street Name: Peninsula
Street Suffix: Road
Postal City: Medicine Lake
County: Hennepin
State: MN
Zip Code: 55441
Complex/Dev/Subdivision: Replat Medicine Lake Park 1st Div-Blk 8

Assessments

Tax With Assessments: 20572

Building Information

Finished SqFt Above Ground: 4090
Finished SqFt Below Ground: 900

More Information

Elevation Highpoint to Waterfront Feet

Elevation Highpoint Waterfront Feet: 15-26

Lake Details

Lake Acres: 924
Lake Depth: 49

Lease Details

Land Leased: Not Applicable

Lock Box Type

Lock Box Source: MAAR

Miscellaneous Information

Homestead: Yes

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 26x26
Garage Door Height: 7
Garage Door Width: 18
Garage Square Feet: 676

Public Survey Info

Range#: 22
Section#: 26
Township#: 118

Room Information

Room Name	Dimensions	Level
Fourth (4th) Bedroom	11x14	Lower
Office	11x8	Main
Porch	12x14	Main
Bonus Room	25x14	Upper
Second (2nd) Bedroom	14x12	Upper
Third (3rd) Bedroom	11x15	Upper
Laundry	6x8	Upper
Kitchen	26x12	Main
Recreation Room	24x24	Lower
Den	24x26	Main
Garage	26x26	Lower
Dining Room	13x22	Main
Family Room	12x20	Main
Informal Dining Room	12x10	Main
First (1st) Bedroom	24x14	Upper
Living Room	13x18	Main

Listing Office: Compass

Last Updated: July - 24 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

264 Peninsula Road, Medicine Lake, MN 55441 (MLS# 6443397)