White Bear Lake covers 2,427 acres and reaches 83 feet at its deepest point, and along the Dellwood side of the lake, Peninsula Road sits on a narrow finger of land that juts into the water, water on multiple sides, very few lots, and almost no turnover.
What's actually closed here
Closed sales on Peninsula Road are limited, which is itself the point, this is a small street with only a handful of homes on it. A 3,253-square-foot, 3-bedroom home on 0.44 acres closed at $2,335,000. A larger 7,350-square-foot, 5-bedroom home on 0.92 acres closed at $3,450,000, the top sale in this data set.
Two closed sales isn't a large enough sample to draw a firm price-per-square-foot conclusion, and I'd rather tell you that honestly than force a trend line out of two data points. What it does tell you clearly is the range you're working with if a Peninsula Road property comes on the market: low $2 millions to mid $3 millions.
Why a street this small matters to buyers
When a street only has a few lots, standard market analysis breaks down. You can't comp a Peninsula Road home against "the neighborhood average" the way you would in a subdivision, because there effectively isn't one. Pricing and evaluating a home here requires looking at the two or three closest true comparables on the lake, wherever they happen to be, and adjusting carefully for lot shape, water exposure, and privacy, factors that matter more on a peninsula lot than almost anywhere else on the lake.
Quick Answers
What's the price range on the Peninsula in White Bear Lake? The closed sales I have on record range from $2,335,000 to $3,450,000. This is a small street with limited inventory, so that range should be treated as directional, not exhaustive.
Why is the Peninsula considered private? It's a narrow strip of land with water on multiple sides and very few total lots, which limits both visibility from neighboring properties and how often homes come to market.
How big and deep is White Bear Lake? 2,427 acres with a maximum depth of 83 feet, spanning Ramsey and Washington counties.
This reflects closed sales over the past 2,000 days (January 2021 through July 13, 2026).
I live one lake over, on Centerville Lake, and I track White Bear Lake's numbers the same way I track my own. My closed transactions run through the surrounding corridor, Bald Eagle Lake, Turtle Lake, Centerville Lake, Forest Lake, Reshanau Lake, and Sunfish Lake, with Bald Eagle Lake being the strongest part of my business. I haven't closed a sale on the Peninsula or White Bear Lake itself yet. There are good agents who specialize here, and I respect that. What I bring is the same data discipline I use on my home lakes, applied to this one, and I'm actively building toward representing buyers and sellers on this shoreline because it earns the attention.
If you're evaluating a property on the Peninsula, I can walk you through exactly how it compares to the closed sales I have on record before you make an offer.
Best,
Tim Ornell Waterfront Real Estate Advisor | Ornell Group Real Broker, LLC — Luxury Division (NASDAQ: REAX) Minnesota Real Estate License #40442506 651.263.9480 | ornellgroup.com 7037 20th Ave S, Suite 200, Centerville, MN 55038 Specializing in Twin Cities, MN waterfront properties and relocations.
Sources checked for this post:
- Regional Multiple Listing Service of Minnesota (MLS) closed sale records for Peninsula Road, White Bear Lake area, 2021–2026 (provided by Tim Ornell)
- DNR LakeFinder — White Bear Lake surface area and maximum depth
