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Jeanne Hauser, Broker/Agent
Licensed Broker/Real Estate Agent since 1995
REALTOR®, Owner, Home Sales Team
(651) 269-2987
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115 Peninsula Road , Medicine Lake, MN 55441

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Listed By

Agency Name: Compass
Agency Phone: 952-283-0644

Shown By

Agent Name: Jeanne Hauser, Broker/Agent
Agent Phone: (651) 269-2987
Agency Title: Counselor Realty

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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.

115 Peninsula Road | MLS# 6811562

This multi-family property located at 115 Peninsula Road , Medicine Lake, MN 55441 is currently listed for sale with an asking price of $699,900. Peninsula Road is located within the Wayzata school district. Search Medicine Lake real estate on jhauser.counselorrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Block
Garage: 3
Heating: Forced Air
Lot Size: 0.57 Acres
Roof Type: Age 8 Years or Less
Taxes: $8,306
Year Built: 1961

Feature Descriptions

Days on Site: 5
Foundation Size: 1700
Lot: Corner Lot, Irregular Lot, Tree Coverage - Light
Lot Dimensions: 120x200
Owners Expense: Exterior Maintenance, Grounds Care, Insurance, Sewer, Taxes, Trash Collection
Parcel#: 2511822330040
Parking: Detached Garage, Asphalt, Multiple Garages, Shared Garage/Stall
Road Frontage: City Street
Sewer: City Sewer/Connected
Units: 2
Water: City Water - In Street, Well

Local Schools

School District: Wayzata

Estimate Your Payment

Estimated Payment

$ 4,621.47 per month $3,725.16 Principal & Interest $692.17 Property Tax $204.14 Homeowner's Insurance

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Agency License Information: Counselor Realty, Inc. is licensed in Minnesota and Wisconsin; Counselor Realty, Inc. of Alexandria is licensed in Minnesota; Counselor Realty Detroit Lakes, LLC is licensed in Minnesota; Counselor Realty of Rochester is licensed in Minnesota; Counselor Realty of Victoria, LLC is licensed in Minnesota; Counselor Realty of Brainerd is licensed in Minnesota.

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/11/2026. The listing information on this page last changed on 03/11/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 03/11/2026 3:52:00 AM EST) or RMLS-MN MLS (last updated Wed 03/11/2026 12:02:36 AM EST). Real estate listings held by brokerage firms other than Counselor Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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