115 Peninsula Road, Medicine Lake, MN 55441

$670,000
6
BD
4
BA
2,950
SqFt

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Sold Price
$670,000
List Price
$699,900
Closing Date
May 15, 2026
MLS#
6811562
Status
CLOSED
Type
Multifamily
Style
(MF) Duplex Side X Side
Bedrooms
6
Bathrooms
4
Living Area
2,950
Acres
0.57
Subdivision
Medicine Lake Park 1st Div
Year Built
1961

Property Description

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.

Additional Information

School District
Wayzata
Tax Year
2025
Fuel
Natural Gas
Lot Description
Corner Lot, Irregular Lot, Tree Coverage - Light
Sewer
City Sewer/Connected
Roof
Age 8 Years or Less
Topography
Sloped
Heating
Forced Air
Water
City Water - In Street, Well
Basement
Block
Parking
Detached Garage, Asphalt, Multiple Garages, Shared Garage/Stall
Garage Spaces
3

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Calculator source: Real Geeks

Listing courtesy of Compass.

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