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Listed price in listed location currency (USD).
$699,900

640

MLS® 6811562

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size 2950 sqft
Garage Yes
Taxes $8,306
Days Active 23
Lot Size 
Approx. Age 1961
Avg. Price Per Sqft $237
MLS® Number 6811562

Property Address: 115 Peninsula Rd, Medicine Lake, MN, 55441-4111

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number6811562
Laundry LevelLower Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1961
BasementBlock
DrivewayDetached Garage, Asphalt, Multiple Garages, Shared Garage/Stall
Garage Spaces3
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 5, 2026List Date
$699,900List Price

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