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Forest Lake, MN Multifamily Home for Sale

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    $775,000

    • 4 Beds
    • 4 Baths
    • 3,030 Sq Ft

    22672 Hayward Ave N, Forest Lake, MN 55025

    Incredibly Rare Lakefront Opportunity on Forest Lake! Set on over half an acre with nearly 100 feet of prime lakeshore, this one-of-a-kind property offers endless possibilities and unbeatable panoramic sunset views. Currently configured as a triplex, the existing home provides a flexible foundation—perfect for refreshing, redesigning, or rebuilding to create your dream lakefront

    Timothy Sheetz RE/MAX Results

    22672 Hayward Ave N, Forest Lake, MN 55025

Why Live in Forest Lake

Forest Lake, MN, is a small community located in northwestern Washington County, named after the 2,300-acre lake at its center. Known for its water-oriented lifestyle, Forest Lake offers residents a small-town feel with amenities typically found in larger communities. The area boasts 23 parks and 12 miles of paved bike paths, with Lakeside Park providing beach access, a boat dock, and scenic views. Tower Park features outdoor ice rinks and connects to the Hardwood Creek Regional Trail. The community experiences all four seasons, including hot summers and cold winters with an average of 54 inches of snowfall annually. Forest Lake is home to over 20,000 residents, with top employers like the Forest Lake Public School District. The schools in Forest Lake are highly rated, contributing to the area's appeal for families. The annual Fourth of July Celebration at Lakeside Park is a major event, featuring live music, a parade, and fireworks. Shopping is centered along Broadway Avenue, with name-brand stores like Walmart, Cub Foods, and Aldi, as well as local boutiques and eateries. The city is undergoing redevelopment to expand the downtown area and attract new businesses. Forest Lake is safer than the national average, with lower violent crime rates reported. For commuters, Minneapolis and Saint Paul are less than 30 miles away via Interstate-35, and the Minneapolis-Saint Paul International Airport is 30 miles away. Homes in Forest Lake range from affordable twin-style houses to expansive lakefront estates, reflecting the area's growing market and development.

Home Trends in Forest Lake, MN

Housing Trends

Median Sale Price
$423,450
Median Single Family Sale Price
$465,000
Median Townhouse Sale Price
$281,500
Average Price Per Sq Ft
$223
Number of Homes for Sale
81
Last 12 months Home Sales
310
Months of Supply
3.10
Median List Price
$430,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
9%
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