Pending: Medicine Lake MLS# 7058094
Pending
$1,700,000
Single Family: 2 Stories
5 br • 4 ba • Built 1978
4,001 sqft • 0.28 acres
Wayzata schools
MLS# 7058094
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Property Description
Offer Received- OFFERS DUE by 4PM on Sunday, 5/31/26. This one is MAGICAL. The kind of opportunity buyers wait decades for. UPDATED + STUNNING w/ 50 ft of lakeshore on sought-after Medicine Lake in top-rated WAYZATA SCHOOLS. Turnkey, move-in ready & meticulously maintained w/ expansive lake views on all 3 levels. Floor-to-ceiling windows span the width of the home, flooding spaces w/ natural light & bringing lake life into nearly every room. Recently updated throughout w/ designer touches & wood flooring on ML. Renovated Gourmet Kitchen w/ quartz counters & backsplash, center island, ceramic sink, SS apps (inc gas cooktop) opens to informal Dining & Living Room w/ dramatic floor-to-ceiling 2-sided stone fireplace & Formal Dining w/ built-ins. Walk out to oversized deck w/ modern cable railing overlooking the lake—an incredible extension of the living space to relax, entertain & enjoy expansive water views plus the peaceful setting w/ eagles, loons, swans & beautiful lake wildlife often nearby. ML also includes 2 Beds both opening to oversized deck above garage. UL w/ stunning Primary Suite featuring vaulted ceilings, floor-to-ceiling stone fireplace, expansive lake views, walk-in closet w/ organizational system & spa-like renovated Bath w/ stand-alone tub, tiled shower, dual sinks & quartz counters. UL also includes addt’l Bed/Office/Flex Space & tons of hidden storage. Walkout LL w/ floor-to-ceiling windows, Family Room w/ stone fireplace, gaming space & full wet bar w/ soapstone counters, white cabinetry, full range, refrigerator, microwave & sitting area. LL also w/ addt’l Bed, 3/4 Bath & Laundry Room w/ front-load washer/dryer. Walk out to LL deck w/ Jacuzzi hot tub (included), sitting area, expansive yard & stairs leading to the lake. Storage shed + storage box included. NEW ROOF in 2019. **Extensively upgraded since purchase ($450K-$500K invested), pls see supplement for full list of improvements.** Enjoy lake life on Medicine Lake—the 2nd largest lake in Hennepin County—offering boating, kayaking, paddle boarding, fishing & miles of trails for walking, running & biking. Walk to newly renovated park at the end of the peninsula w/ pavilion, pickleball, tennis, basketball courts + new playground. Nestled on a peninsula surrounded by water, this special community feels tucked away & peaceful while still being just minutes from Plymouth, Wayzata, Ridgedale, restaurants, shops & downtown Minneapolis. Surrounded by nature, it feels up north while still enjoying all the conveniences of the city. AN ABSOLUTE GEM!
Listing
Listing Status:
Pending
Contingency:
None
List Price:
$1,700,000
Price per sq ft:
$425
Property Type:
Single Family
City:
Medicine Lake
Garage Spaces:
2
County:
Hennepin
Year Built:
1978
State:
MN
Property Style:
2 Stories
Zip Code:
55441
Subdivision Name:
Medicine Lake Park 1st Div
Interior
Bedrooms:
5
Bathrooms:
4
Finished Area:
4,001 ft2
Total Fireplaces:
3
Living Area:
4,001 ft2
Common Wall:
No
Appliances Included:
- Humidifier
- Water Softener Owned
Fireplace Details:
- Family Room
- Living Room
- Primary Bedroom
- Wood Burning
Basement Details:
- Finished
- Full
Exterior
Stories:
Two
Garage Spaces:
2
Garage Size:
535 ft2
Air Conditioning:
Central Air
Foundation Size:
1,618 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Attached Garage
Unit Amenities:
- Balcony
- Deck
- Hardwood Floors
- In-Ground Sprinkler
- Kitchen Center Island
- Kitchen Window
- Patio
- Vaulted Ceiling(s)
Road Frontage:
City Street
Roof Details:
Age 8 Years or Less
Rooms
1/4 Baths:
None
Full Baths:
2
Half Baths:
1
3/4 Baths:
1
Bathroom Details:
- 3/4 Basement
- Full Primary
- Main Floor 1/2 Bath
- Main Floor Full Bath
Dining/Kitchen:
- Eat In Kitchen
- Separate/Formal Dining Room
| Upper Level | Size | Sq Ft |
|---|---|---|
| Bedroom 4 | 15 x 14 | 210 |
| Primary Bathroom | 11 x 10 | 110 |
| Bedroom 3 | 17.5 x 13.5 | 221 |
| Walk-In Closet | 9 x 8.5 | 72 |
| Main Level | Size | Sq Ft |
|---|---|---|
| Dining Room | 16 x 8 | 128 |
| Bedroom | 13.5 x 11.5 | 143 |
| Informal Dining Room | 10.5 x 9 | 90 |
| Kitchen | 15 x 9 | 135 |
| Living Room | 20 x 13 | 260 |
| Bedroom 2 | 14 x 9.5 | 126 |
| Lower Level | Size | Sq Ft |
|---|---|---|
| Family Room | 15.4 x 14 | 210 |
| Bedroom 5 | 14 x 12.5 | 168 |
| Kitchen- 2nd | 13.5 x 12 | 156 |
| Laundry | 9 x 9 | 81 |
| Mud Room | 13 x 9 | 117 |
| Office | 10.5 x 8 | 80 |
| Recreation Room | 17.5 x 12.5 | 204 |
Lake & Waterfront
Waterfront Present:
Y
Waterfront View:
Lake
WF Frontage:
50
Elev Highpt to WF feet:
0-4
Waterfront:
Lake Front
Lake Bottom:
Sand
Lot & Land
Acres:
0.28
Geolocation:
45.000514, -93.418995
Lot Dimensions:
50 x 244 x 50 x 252
Zoning:
Residential-Single Family
Lot Description:
Island/Peninsula
Schools
School District:
284
District Phone:
7637455000
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$18,640
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$18,640
Association Fee Required:
No
Association Fee:
None
Miscellaneous
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Water System:
Well
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Eric Bloomstrand
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612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
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Listing provided by RMLS,
courtesy of eXp Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.