176 Peninsula Rd Minneapolis, MN 55441
Estimated payment $12,327/month
Total Views
1,131
4
Beds
3
Baths
4,651
Sq Ft
$408
Price per Sq Ft
Highlights
- 50 Feet of Waterfront
- Deck
- No HOA
- Sunset Hill Elementary School Rated A
- Recreation Room
- Sport Court
About This Home
Lake life just got an upgrade.
This beautifully updated 4-bedroom, 3-bath home sits on the coveted Peninsula of Medicine Lake and is designed for people who love to live, entertain, and unwind. With high-end finishes, smart updates, and a layout that balances everyday comfort with lakeside fun, it’s a rare find.
The remodeled chef’s kitchen (2018) is a showstopper with quartz waterfall countertops, walnut cabinetry, and Sub-Zero and Wolf appliances. The open layout is made for gathering, and a 2015 addition added a spacious entry, a fourth bedroom, and a dreamy walk-in closet in the primary suite.
Upstairs, you’ll find a newly refreshed main bath with subway tile, a custom glass shower door, and a new vanity. The primary bedroom features stunning lake views and beautiful hardwood floors.
The walkout lower level is all about fun. With a 20x40 sport court with dual basketball hoops and a batting cage (2018), a cozy family room, 3⁄4 bath, and a home theater setup.
Outside is your private retreat: a Paladium Plunge Pool with integrated poolside TV (2021), composite deck, professional landscaping, and solar panels (2016) for added efficiency. Plus a 4-camera wired security system (2022) for peace of mind.
Located in the award-winning Wayzata school district and just steps to the Luce Line Trail and groomed ski paths, this home is as connected to the outdoors as it is comfortable inside.
If you’ve been waiting for a Medicine Lake home with style, updates, and space to play—this is the one.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $22,071
Year Built
- Built in 1925
Lot Details
- 0.3 Acre Lot
- Lot Dimensions are 255x50
- 50 Feet of Waterfront
- Lake Front
Parking
- 3 Car Garage
- Garage Door Opener
- Guest Parking
Home Design
- Architectural Shingle Roof
Interior Spaces
- 2-Story Property
- Family Room
- Living Room
- Recreation Room
Kitchen
- Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Disposal
- The kitchen features windows
Bedrooms and Bathrooms
- 4 Bedrooms
Laundry
- Dryer
- Washer
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Basement Window Egress
Outdoor Features
- Sport Court
- Deck
- Patio
Utilities
- Forced Air Heating and Cooling System
- Water Filtration System
Community Details
- No Home Owners Association
- Medicine Lake Park 1St Div Subdivision
Listing and Financial Details
- Assessor Parcel Number 2511822230003
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $20,547 | $1,497,600 | $665,000 | $832,600 |
| 2022 | $15,027 | $1,141,000 | $578,000 | $563,000 |
| 2021 | $14,682 | $944,000 | $480,000 | $464,000 |
| 2020 | $15,079 | $939,000 | $480,000 | $459,000 |
| 2019 | $12,116 | $925,000 | $470,000 | $455,000 |
| 2018 | $12,384 | $790,000 | $462,000 | $328,000 |
| 2017 | $10,817 | $745,000 | $462,000 | $283,000 |
| 2016 | $9,801 | $651,000 | $378,000 | $273,000 |
| 2015 | $10,178 | $689,000 | $383,000 | $306,000 |
| 2014 | -- | $622,000 | $331,000 | $291,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/07/2025 07/07/25 | For Sale | $1,899,000 | +173.2% | $408 / Sq Ft |
| 01/03/2013 01/03/13 | Sold | $695,000 | -18.1% | $201 / Sq Ft |
| 11/21/2012 11/21/12 | Pending | -- | -- | -- |
| 07/22/2012 07/22/12 | For Sale | $849,000 | -- | $246 / Sq Ft |
Source: NorthstarMLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Title Smart Inc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $200,000 | Credit Line Revolving | |
| Open | $880,000 | New Conventional | |
| Closed | $261,500 | Credit Line Revolving | |
| Closed | $14,600 | Credit Line Revolving | |
| Closed | $555,000 | New Conventional | |
| Closed | $120,000 | Credit Line Revolving | |
| Closed | $417,000 | New Conventional | |
| Previous Owner | $417,000 | New Conventional | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $453,000 | New Conventional | |
| Previous Owner | $350,000 | Credit Line Revolving |
Source: Public Records
Similar Homes in Minneapolis, MN
Source: NorthstarMLS
MLS Number: 6750492
APN: 25-118-22-23-0003
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