$469,081Average Value$236Average Price per Sq Ft10Homes For Sale
Charming homes with lakefront views
Located in the Nokomis area of Minneapolis, the Diamond Lake neighborhood offers distinct homes with lakefront views just 6 miles south of Minneapolis. As the name suggests, Diamond Lake is home to not just one, but two expansive lakes, both a huge component of the neighborhood. Realtor Jesse Lynch, owner of To The Twin Cities Real Estate, believes that "the thing that brings people here more than anything else is access to the Diamond Lake and also Lake Nokomis on the northeast border." Homes in this area start at $250,000 and go up to $1 million for properties by the water. Interstate 35W borders the neighborhood's west side, allowing for a convenient commute to nearby cities.
An overview of the Diamond Lake Nieghborhood
Distinct lake homes with large yards and lake access can be found in Diamond Lake.
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Unique architecture in Diamond Lake
Unlike most homes in Minneapolis, which consist primarily of ranches and Cape Cods, Diamond Lake's houses have a more unique architectural style. "There's a high concentration of really aesthetically pleasing old Tudor Homes," Lynch says. "The whole area was built mainly in the 1930s through the 1960s, so there will also be some Minimal Traditional, Victorians, Colonials, and well-manicured little cottages. Prices for these start at $250,000 and go up to $1 million for more prominent, custom-made properties by the water. Compared to the national average of 41 days on the market, Homes in Diamond Lake sell after 22 days.
Charming Tudor style homes with pristine landscaping can be found in Diamond Lake.
Distinct ramblers are a common style of home found in Diamond Lake.
A modest rambler with a bit of flare in the Diamond Lake neighborhood.
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Supportive programs at Roosevelt High School
While there are no K-12 schools within Diamond Lake's borders, there are schools residents can attend nearby. Children can begin their education at Wenonah Elementary, rated B by Niche. They can then attend Hennepin Middle School and Roosevelt High School, which receive C-minus minus and B-minus ratings, respectively. Roosevelt High School has an IB program, a Spanish Dual Language program and Advanced Placement courses.
Wenonah Elementary has an overall "B" score on niche.
Hennepin Middle School has an enrollment of about 85 students.
Entrance to Roosevelt High School
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Diamond and Nokomis Park
Diamond Lake Park and Lake Nokomis Park offer two different experiences, according to Lynch: "Diamond Lake is beautiful, but not mainly recreational, whereas Nokomis is fully recreational and also very beautiful." The difference between the two becomes evident when visiting- Diamond Lake's greenery grows freely, and wildlife can be spotted when walking through the wooded trails. Lake Nokomis offers amenities such as fishing piers, concession stands and a rental facility for boating activities. Although smaller in size, Todd Park is known to host local events, one being the Picnic in the Park Festival.
The fishing pier is a great place to meet other local fishing enthusiasts.
A person on Lake Nokomis doing row training in the Diamond Lake Neighborhood.
Diamond Lake Park has a wonderful scenery around the lake.
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Visit one of the two founders of the Jucy Lucy
Although Diamond Lake is mainly residential, a few dining options exist within the neighborhood. One of these options is the 5-8 Club, a laidback local tavern with old-school vibes and neon signs. 5-8 Cub is one of two establishments that claim to have invented the Jucy Lucy, a burger stuffed with melted cheese. For groceries, residents can head to Kowalski's Market on Chicago Avenue.
The 5-8 Club is a laidback local tavern known for their Juicy Lucy's.
The 5-8 club in Diamond Lake offers a bar and a dining room.
Kowalski's Market is a specialty grocery store located in the Diamond Lake neighborhood.
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An active and involved community
Diamond Lake is a part of the HPDL Diamond Lake Community Association, a group comprised of three neighborhoods in the area. The HPDL often hosts events for the entire community, such as Earth Day Clean Up, Frost Fest and the Neighborhood Garage Sale.
A couple enjoying a walk with the dog in the Diamond Lake neighborhood.
A variety of flowers can be found in the Nokomis Naturescape Garden.
Wild turkeys can frequently be spotted in the Diamond Lake neighborhood.
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A 6-mile drive from Minneapolis
The neighborhood is only about a 6-mile drive from Minneapolis, one of the major cities in Minnesota. It also provides easy access to Interstate 35, the south metro and the Minneapolis-Saint Paul
Diamond Lake is located on Interstate 35W with easy access to downtown Minneapolis.
A major bus stop for Diamond Lake residents is located on Chicago Avenue in the neighborhood.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
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Diamond Lake Demographics and Home Trends
On average, homes in Diamond Lake, Minneapolis sell after 23 days on the market compared to the national average of 53 days. The median sale price for homes in Diamond Lake, Minneapolis over the last 12 months is $470,000, up 11% from the median home sale price over the previous 12 months.
Charming 11⁄2-Story Home in South Minneapolis’ Diamond Lake Neighborhood! This inviting home is filled with warmth and character. Step through the spacious front porch into a light-filled main level featuring beautiful hardwood flooring and rich natural woodwork throughout. The main floor flows seamlessly together, connecting the main living room to the formal dining area. The updated eat-in
Discover timeless elegance in this charming brick two-story single-family home, mere steps from the serene shores of Diamond Lake. Nestled in a a convenient location, offering effortless access to the vibrant heart of Southwest Minneapolis, Pearl Park, Lake Nokomis, Minnehaha Parkway, scenic bike and walking trails, and charming local shops. This 3-bedroom, 4-bath gem masterfully blends preserved
Stunning turnkey custom home (2018) with 4 beds, 4 baths, modern updates, and custom finishes. Includes a fully finished & conditioned ADU shed (2020), used as a home office. Conveniently located near highways, dining, and shopping.The chef’s kitchen was fully renovated in 2025, featuring custom cabinetry, quartz counters, luxury plank flooring throughout the main floor, Thermador appliances,
Updated rare split-level home in prime, walkable neighborhood near Lake Nokomis & fun restaurants. Walk or bike the Chain of Lakes trails, steps outside your front door. Main level living spaces & family room have been freshly painted. Other features include, gas fireplace in Family Room & in-floor heat in main bathroom. Home boasts fresh paint, fantastic island for entertaining & beautiful tile
Shayna NienowKeller Williams Realty Integrity Lakes
LOCATION LOCATION LOCATION. Steps away from Lake Nokomis! Very quiet 2 block stretch of Bloomington Ave. Clean TISH. Welcome to this charming two-story home in the highly sought-after Edgewater Subdivision of the Diamond Lake neighborhood. Nestled on a quiet street with a generous 50-foot-wide lot, this property offers both space and potential. The upper level features three bedrooms with
Beautiful, well-maintained and quiet apartment building on bus line near Todd Park, local amenities, schools and Diamond Lake. Properties feature studios, 1-bedrooms, and 2-bedrooms.There is a flat rate utility charge that covers ALL heat, gas, water, sewer, trash, and an on-site storage unit($60/month for 1-bedrooms, $80/month for 2-bedrooms). Tenants set up internet and WIFI.
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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
