Luxury Lakeside Living on Muldrew Lake Experience refined waterfront living at this beautifully renovated four-season retreat, ideally located just minutes from Gravenhurst on the sought-after shores of Muldrew Lake. Thoughtfully upgraded and meticulously maintained, this elegant property offers the perfect blend of modern comfort and timeless Muskoka charm.Step inside to soaring cathedral ceilings and an open-concept living space, ideal for entertaining or relaxing with family. Rich hardwood floors flow throughout, leading to a chefs kitchen featuring built-in appliances, granite countertops, and a custom island designed for both form and function.With 4 spacious bedrooms and 3 well-appointed bathrooms, there is ample room for family and guests alike. The home has seen extensive upgrades, including a redesigned kitchen, updated flooring, spray foam insulation, freshly painted interiors and exteriors, a heated water line, new 200-amp electrical service, and a 13kW Generac generator with a new motor ensuring peace of mind in every season.Outdoors, enjoy over 1,500 square feet of decking and docking space perfect for entertaining, boating, or quiet evenings around the fire. The site is also prepped with plans for a future double-car garage where the current shed is located.Whether you're looking for a serene personal escape or a high-end rental investment, 551 Peninsula Road delivers effortless luxury in the heart of Muskoka.
Address
551 Peninsula Road
List Price
$1,499,000
MLS® Status
Price Change
Expiration Date
2025-10-29
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
Bungaloft
Transaction Type
For Sale
Area
Gravenhurst
Sub-Area
Wood (Gravenhurst)
Region
Muskoka
Bedrooms
4
Bedrooms (Total)
4
Rooms Above Grade
5
Bathrooms
3
Floor Area
2000 - 2500 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
491
Lot Shape
Irregular
Lot Size Range (Acres)
.50 - 1.99
Lot Size Units
Feet
Lot Width
155
Parcel Number
480370072
Occupant Type
Partial
Cross Street
Peninsula Road
Approx. Age
51 - 99 Years
MLS® Number
X12312966
Listing Brokerage
Century 21 In-Studio Realty Inc.
Basement Area
Crawl Space, Exposed Rock
Postal Code
P1P 1R2
Parking Places (Total)
8
Parking Spaces
8
Tax Amount
$6,930.18
Tax Year
2025
Interior Features
Water Heater Owned
Property Features
Waterfront, Wooded/Treed
Central Vacuum
No
Family Room
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Disclosures
Unknown
Board Or Association
One Point Association of REALTORS
Heat Source
Propane
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Wood
Direction Faces
East
Fireplace
Yes
Fireplace Features
Propane
Foundation Details
Block
Garage
No
Garage Type
None
Kitchens Total
1
Kitchens Above Grade
1
Pool Features
None
Roof
Metal
Tax Legal Description
PCL 24447 SEC MUSKOKA; LT 2 PL M411 WOOD T/W PT 2 BR1798 AS IN LT82728; S/T PT 1 BR1798 AS IN LT82729; S/T PT 1 & 3 BR1798 AS IN LT82730; S/T PT 1 BR1798 AS IN LT85922; GRAVENHURST ; THE DISTRICT MUNICIPALITY OF MUSKOKA
Water Source
Lake/River, Water System
View Type
Lake
Water View
Direct
Waterfront
Yes
Docking Type
Private
Waterfront
Direct
Waterfront Accessory
Not Applicable
Waterfront Features
Dock, Marine Rail, Waterfront-Deeded
Water Body Name
Muldrew Lake
Water Body Type
Lake
Shoreline
Deep, Sandy, Shallow
Shoreline Allowance
None
Access To Property
Year Round Municipal Road
Alternative Power
Generator-Wired
Sewer
Septic