$363,021Average Value$162Average Price per Sq Ft2Homes For Sale
Classic midcentury homes in a secluded lakefront community
Lake Wabasso is a lakefront community of about 500 classic midcentury homes tucked between much larger Lake Owasso and Interstate 695. “Only people who grew up here or who live here know Lake Wabasso,” says Ray Stenger, a real estate agent with Keller Williams Classic Realty. “Lake Wabasso is like the little sister to Lake Owasso. It’s smaller and a bit more remote, but for people who live here, Lake Wabasso is really like their own private lake.” Stenger, who grew up in Lake Wabasso and has sold real estate for 28 years, adds, “People come here for three reasons--for the lake, for its location close to both St. Paul and Minneapolis, and to access the public schools in the area. That sounds simple, but it’s not. If you can find that combination and live in the Roseville area, you’ve really got it made.”
The nearly six-square-mile neighborhood is divided into two halves by east-west running County Road E. The northern half is solidly industrial, while the southern half is a mix of lake-adjacent single-family homes, apartments and small businesses. Lakes and parks are the dominant attractions, with Island Lake and Island Lake County Park at the northwest border and Lake Wabasso, Lake Owasso and Lake Owasso County Park to the southeast. Homeowners in the southern half of the neighborhood are close enough to walk or ride bicycles to Lake Wabasso.
Well-built midcentury homes and a few new builds
The first homes in the neighborhood were built shortly after WWII, but a majority arrived in the 1970s. Buyers will find a mix of midcentury ranch-style homes, split-level homes, and A-frame homes, commonly found near Minnesota lakes. There are nearly 520 homes in Lake Wabasso. Split-level homes have recently sold for about $355,000 to $475,000, while fully remodeled contemporary lakefront homes have sold for about $350,000 to $360,000.
Buyers can also find one- to two-bedroom condominiums with 700 to about 1,100 square feet. Prices range from $100,000 to $150,000, and condos can feature covered parking, a heated outdoor pool, and a fitness center.
Roseville Public Schools are highly rated and boast high test scores
Students in Lake Wabasso can attend A-minus graded Mounds View Public Schools, starting at Island Lake Elementary, with an A-minus grade from Niche. With only about 740 students in five grades, the school is sought-after for its size and student/teacher ratio of 15 to 1. A-graded Chippewa Middle has some of the highest test scores in the state. Mounds View High offers non-traditional clubs, from clay target and a diversity council to rising educators and Shakespeare. Niche gives Mounds View an A grade.
Bordered by Interstate 694
The north and east boundaries of Lake Wabasso are Interstate 694, a 30-mile east-west highway from Maple Grove to Woodbury-Oakdale. The Minneapolis metro area, including Lake Wabasso, is known for its bicycle-friendly roads. Bicycle lanes can be found on Owasso Boulevard and Victoria Street North.
Minneapolis-Saint Paul International Airport is 17 miles south of Lake Wabasso via Interstate 35 East. With mild traffic, drivers can reach it in under 30 minutes. It has two terminals and is a hub for Delta Air Lines, Sun Country Airlines and SkyWest Airlines.
Two county parks provide lakefront views and updated amenities
Sunrise and sunset views are a big reason that parking spaces at Lake Owasso County Park stay nearly full on summer weekends. The park sits at the south edge of the neighborhood and provides a brand-new and roomy covered picnic shelter with picnic tables and a nearby restroom. A boat launch is easy to navigate. Kids enjoy a large nature playground and the beach is open until sunset.
Island Lake County Park, which sits next to Island Lake, is less than one-half mile from homes in Lake Wabasso. The well-maintained and neatly landscaped park offers shoreline fishing, a boat launch and a fishing pier. Kids will head to the recently updated and large playground or the volleyball courts. A covered picnic shelter holds several tables, while wide paved walking trails allows two or three people to walk together. In winter, Ramsey County parks provide maps of available amenities, which they update with the changing weather. Winter sports include snowshoeing, ice fishing and cross-country skiing.
Dining and shopping favorites are near Lexington Avenue and Rice Street
The Tavern Grill offers open and airy dining with tables, booths and a roomy bar. Outdoor seating fills up in the summer. Customized pizzas, salads and burgers and a menu of classic sandwiches receive high marks on Yelp. Namaste India Grill & Brewhouse captures upscale and classic Indian cooking with the vibe of a neighborhood grill. For groceries and necessities, locals head to Target and Cub grocery store. Rosedale Center shopping mall is about 4 miles west of Lake Wabasso, with over 250 shops and restaurants. Fast food restaurants, including Taco Bell and Taco John’s, are found along Rice Street.
Minnesota Wild home games are a hot ticket in nearby St. Paul
“There are plenty of events all around the Twin Cities and the Roseville and Shoreline areas,” says Stenger, “but in winter, and especially this year, the hottest ticket in town is to see the Minnesota Wild. Their stadium is only 8 miles away in downtown St. Paul, and they’re one of the top two teams in the league.” In a state often called the state of hockey, it’s a big deal when your team is having a strong season. It’s better when their stadium is close to home.
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
Alex Zauner,
an experienced agent in this neighborhood.
Parks in this Area
Island Lake County Park
Fishing
Lake
Picnic Area
Lake Owasso County Park
Boating
Lake
Picnic Area
Island Lake County Park
Transit
Airport
Minneapolis-St Paul International/Wold-Chamberlain
29 min drive
Bus
Owasso Blvd N & Owasso Hts Rd
Bus
Kent St & Harriet Ave
Bus
Arbogast St & Owasso St
Bus
Owasso St & Victoria St
Bus
Owasso Blvd N & Dale St
Bus
Harriet Ave & Kent St
Bus
Owasso St & #3575-3585
Crime and Safety
1 - Low Crime, 10 - High Crime
Wabbasso Lake
US
Homicide
3
4
Sexual Assault
3
4
Assault with Weapon
3
4
Robbery
3
4
Burglary
3
4
Motor Vehicle Theft
3
4
Larceny
3
4
Crime Score
3
4
Source: WhatIsMyCrimeRisk.com
Demographics and Home Trends
On average, homes in Wabbasso Lake, Shoreview sell after 36 days on the market compared to the national average of 47 days. The average sale price for homes in Wabbasso Lake, Shoreview over the last 12 months is $236,402, down 2% from the average home sale price over the previous 12 months.
This beautifully updated first-floor unit offers modern finishes, a spacious layout, and easy access—no stairs required. Enjoy underground parking and deeded access to Lake owasso for year-round outdoor fun.Community perks include a pool, sauna, and fitness room—everything you need for comfortable, convenient living. Perfect as a primary home or weekend escape.
The 85 at Midland Terrace is the first phase of new construction Luxury living on the lake in Shoreview. You'll find modern upgrades in every unit with Quartz Counter Tops, Stainless Steel Appliances and Soft Close Cabinets and Drawers. Conveniently located between both downtowns, and close to shopping, schools, parks and lakes for all your year round activities. Enjoy a workout in the Fitness
Walk to Lake Owasso or Island Lake beach. Large Floorplans. Large closets and large kitchens and bath. Easy access to both downtowns. Nice parks and lakes within walking distance. Close to Deluxe, Land O'Lakes, Boston Scientific, Cummins Power. The Tycon Companies introduces an upscale luxury apartment building in Shoreview, MN. This building will set a new level of quality for the area and will
Welcome to Midland Terrace Apartments! Midland Terrace offers the serenity and beauty of surrounding lakes. Have a great workout in the exercise center or a swim in the indoor pool. Midland Terrace is conveniently located to both downtowns, on the busline and close to shopping, schools and a number of parks and lakes that will provide you with a range of outdoor activities. Come see your new home
Interested in learning more about homes in this area?
Reach out to
Alex Zauner,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
2,484
Median Age
37
Population under 18
22.7%
On par with the national average
23.8%
Population over 65
14%
Below the national average
19.1%
Finances
Median Household Income
$69,596
On par with the national average
$71,702
Average Household Income
$100,145
Education and Workforce
High School Graduates
98.4%
College Graduates
57.5%
Above the national average
34.1%
Advanced Degrees
27.4%
Above the national average
13.3%
% Population in Labor Force
70.8%
Weather
Annual Precipitation
32''
Average Winter Low Temperature
8°F
Average Summer High Temperature
84°F
Annual Snowfall
54''
Area Factors
Somewhat Bikeable
Bike Score®
38/ 100
Car-Dependent
Walk Score®
6/ 100
Some Transit
Transit Score®
27/ 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.
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.
