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Spring Lake

Spring Lake

Suburban Neighborhood in Minnetonka, Minnesota

Hennepin County 55345

$608,149 Average Value
$223 Average Price per Sq Ft

Spring Lake offers high-scoring schools and access to local amenities

Just off Interstate 494 near the center of Minnetonka, Spring Lake is a neighborhood known for its access to amenities, highly ranked schools and well-maintained homes. The neighborhood also has a broader selection of designs and price points compared to nearby communities like Sherwood Forest and Deephaven. "It's got a really nice variety of housing styles," says Cassie Frick, a Realtor with Edina Realty. "You get into the high-end lakeside properties but have plenty of more modest options." Convenience to highways and low crime are also factors that attract potential homeowners to the area. The CAP Index crime score for Spring Lake is 1 out of 10, lower than the national average score of 4.

Ramblers are an affordable home style in the Spring Lake neighborhood.
Ramblers are an affordable home style in the Spring Lake neighborhood.
The Spring Lake neighborhood gets its name from the lake in the center.
The Spring Lake neighborhood gets its name from the lake in the center.
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Modest midcentury split-levels alongside 21st-century traditional designs

Narrow streets bend through hilly residential zones shaded by mature oak and maple trees. Homes on quarter- to full-acre lots provide privacy and additional greenery. "Most of the city was developed in the '50s, so midcentury is the majority style," Frick says. "The newer homes command high prices because they have modern amenities like walk-in closets." Midcentury split-level and ranch-style homes range between the mid-$300,000s and the high $600,000s, depending on size, location and level of renovation. Newer homes tend to be late 20th-century modern or 21st-century traditional and include features like a view of the neighborhood's namesake lake. These styles run from the low $700,000s to the mid-$900,000s.

The rambler home style is the second most common in the Spring Lake neighborhood.
The rambler home style is the second most common in the Spring Lake neighborhood.
New traditional home styles are popping up in the Spring Lake neighborhood.
New traditional home styles are popping up in the Spring Lake neighborhood.
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Hopkins Senior High School known for its athletics program and academic prowess

Students may begin their education at Glen Lake Elementary School, which has a B-plus from Niche. From there, they can attend Hopkins West Junior High School, which has a B. Afterwards, they'll enroll at A-minus-rated Hopkins Senior High School. Niche ranks Hopkins Senior in Minnesota's top 20 public high schools for both college prep and athletics.

Hopkins Senior High School teaches students in the Hopkins Public School District in Minnetonka.
Hopkins Senior High School teaches students in the Hopkins Public School District in Minnetonka.
Hopkins West Junior High School has an overall A grade on Niche.
Hopkins West Junior High School has an overall A grade on Niche.
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Casual, trendy fare at Station Pizzeria and upscale dining at Heather's

Located nearby and just outside of the Minnetonka Mills neighborhood, Station Pizzeria took a Depression-era gas station and converted it into a stylish eatery with a menu of specialty pizzas, pasta and locally brewed beers. In Glen Lake, Heather's has upscale dining in a relaxed atmosphere, offering everything from a blackened salmon BLT to jambalaya. Spring Lake is almost entirely residential, with no significant shopping options in its limits. Many residents take advantage of the retail at Ridgedale Center, about 4 miles north, which has Target, Macy's and several franchise restaurants and big-box stores.

Minnetonka residents can shop, dine, and relax at Ridgedale Mall.
Minnetonka residents can shop, dine, and relax at Ridgedale Mall.
Heathers in Minnetonka is an airy yet intimate restaurant serving scratch made dishes.
Heathers in Minnetonka is an airy yet intimate restaurant serving scratch made dishes.
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Indoor swimming and fitness at Williston Fitness Center and picnics at McKenzie Park

The Williston Fitness Center is a city-owned recreational facility in Spring Lake offering pickleball, baseball, group fitness and swimming lessons. Locals also head to McKenzie Park in Tonkawood for basketball games, roller hockey and picnics. Sunrise Ridge Park is a small pocket park near the neighborhood's northern edge with playground equipment surrounded by trees. The largest body of water in the Twin Cities region, Lake Minnetonka is less than 3 miles northwest and has a long history as one of the area’s favorite places for relaxation, boating and fishing.

The Williston Center has several sports facilities.
The Williston Center has several sports facilities.
From playful swings to thrilling climbing structures, McKenzie Park is a kid's paradise.
From playful swings to thrilling climbing structures, McKenzie Park is a kid's paradise.
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James J. Hill Days has craft beer and dachshund racing

Residents celebrate the legacy of a local railroad tycoon on James J. Hill Days, which starts the activities with a craft beer festival and ends with a parade on Lake Street. During this three-day bash, locals can enjoy carnival rides, watch the dachshund races or try log rolling.

Close to important highways, Minneapolis and St. Paul

Spring Lake is bordered by two busy thoroughfares: Interstate 494 to the east and State Highway 7 to the south. Minneapolis is about 13 miles east, while St. Paul is 25 miles east. Minneapolis-Saint Paul International Airport is about 20 miles southeast. The Metro Transit Bus service has several stops along Highway 7.

Phil Keeling
Written By
Phil Keeling

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Schools

Source:
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. View GreatSchools Rating Methodology

Interested in learning more about homes in this area? Reach out to Andrea Vorachek, an experienced agent in this neighborhood.

Transit

Airport

Minneapolis-St Paul International/Wold-Chamberlain

27 min drive

Crime and Safety

1 - Low Crime, 10 - High Crime Spring Lake US
Homicide 1 4
Sexual Assault 1 4
Assault with Weapon 1 4
Robbery 1 4
Burglary 1 4
Motor Vehicle Theft 1 4
Larceny 1 4
Crime Score 1 4

Source: WhatIsMyCrimeRisk.com

Demographics and Home Trends

Home Trends

Median Price (12 Mo)
$577,450
Median Single Family Price
$577,450
Average Price Per Sq Ft
$223
Last 12 months Home Sales
24
Median List Price
$577,450
Median Discount From 1st List Price
0%
Median Home Sale Price YoY Change
-1%

Home Facts

Number of Homes in Neighborhood
503
Median Year Built
1962
Avg. Single Family Home Size Sq Ft
2,033
On par with the national average
1,936
Median Lot Size Sq Ft
22,215

Distribution of Home Values

Source: Public Records

Homes for Rent

Interested in learning more about homes in this area? Reach out to Andrea Vorachek, an experienced agent in this neighborhood.

Average Home Value




Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Owners

Demographics

Total Population
1,243
Median Age
48
Population under 18
23.1%
On par with the national average
23.8%
Population over 65
26.6%
Above the national average
19.1%

Finances

Median Household Income
$137,760
Significantly above the national average
$71,702
Average Household Income
$167,773

Education and Workforce

High School Graduates
97%
College Graduates
63.9%
Significantly above the national average
34.1%
Advanced Degrees
34.7%
Above the national average
13.3%
% Population in Labor Force
75.8%

Weather

Annual Precipitation
33''
Average Winter Low Temperature
6°F
Average Summer High Temperature
81°F
Annual Snowfall
80''

Area Factors

Somewhat Bikeable

Bike Score®

25 / 100

Car-Dependent

Walk Score®

8 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

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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.
NEIGHBORHOOD
Spring Lake