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Gem Lake, MN Home for Sale

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    $319,900 Coming Soon

    • 3 Beds
    • 2 Baths
    • 1,500 Sq Ft

    1611 Goose Lake Rd, Saint Paul, MN 55110

    Opportunity awaits with a large lot close into to White Bear Lake and easy access to freeways. Minutes to Gem Lake Golf Course and downtown White Bear Lake, this property has a ton of future potential with a solid foundation (house was moved to new foundation in early 70's) Original building has historic roots as Freddy's Tavern on Hoffman's Corner. Nice tall ceilings and large footprint of 1500

    Emily Cox LaBelle Real Estate Group Inc

    1611 Goose Lake Rd, Saint Paul, MN 55110

Why Live in Gem Lake

Gem Lake, a small city in Ramsey County, spans just over a square mile and is characterized by its unique architecture, scenic views, and the popular Gem Lake Hills Golf Course. The neighborhood is heavily wooded, providing secluded residential lots with homes ranging from $300,000 to $1 million. The golf course, featuring two nine-hole courses, is a local favorite due to its accessibility and welcoming atmosphere for all skill levels. Historic homes, including a lodge and ranch-style houses from the 1920s, coexist with modern villas built in the 2010s. Although students commute to nearby White Bear Lake for schooling, the high school there is highly rated. Gem Lake itself, a 183-acre body of water, offers residents opportunities for kayaking, sightseeing, and fishing. Local attractions include the Black Sea Restaurant, known for Mediterranean and Turkish cuisine, and Sak's Sports Bar, which hosts live music and game nights. For shopping, Vadnais Square Shopping Center provides access to major retailers like Fresh Thyme Market, Walmart, Target, and Marshalls. While public transportation is limited, Highway 61 offers convenient routes to Saint Paul, 11 miles away, and downtown Minneapolis, 17 miles away.

Frequently Asked Questions

What is the average home price in Gem Lake, MN?
Homes for sale in Gem Lake, MN have an average home price of $435,000.
Are home prices dropping in Gem Lake?
Yes, home prices in Gem Lake are down 40% in the last 12 months.
How many homes have sold over the last 12 months in Gem Lake, MN?
1 home has sold in Gem Lake, MN over the last 12 months.
What are the most popular zip codes in Gem Lake, MN?
The most popular zip codes in Gem Lake, MN include 55129, 55038, 55304, 54016 and 55016.
How much do you need to make to afford a house in Gem Lake?
The median home price in Gem Lake is $435,000. If you put a 20% down payment of $87,000 and had a 30-year fixed mortgage with an interest rate of 6.81%, your estimated principal and interest payment would be $2,270 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $97K a year to afford the median home price in Gem Lake.
How are the schools in Gem Lake, MN?
Gem Lake, MN has highly rated public and private schools. Some of the best schools in Gem Lake based on Niche Grades are Willow Lane Elementary School, Sunrise Park Middle School and White Bear Montessori. Browse all the schools in Gem Lake, MN to learn more.

Home Trends in Gem Lake, MN

Housing Trends

Median Sale Price
$435,000
Median Single Family Sale Price
$435,000
Average Price Per Sq Ft
$168
Last 12 months Home Sales
1
Median List Price
$435,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-33%
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