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Diamond Lake Homes for Sale

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  • /26

    $425,000 Open Sun 11AM - 12:30PM

    • 3 Beds
    • 2 Baths
    • 1,959 Sq Ft

    6020 Elliot Ave, Minneapolis, MN 55417

    Tucked on a quiet block between Diamond Lake and Lake Nokomis, this polished gem features a sunny living room with hardwood floors and a wood-burning fireplace, a stylish kitchen with maple cabinets and Silestone counters, and two large bedrooms with an updated bath on the main floor. The finished lower level adds a second gathering space with fireplace, a third bedroom, another updated bath

    Renee Wilson Edina Realty, Inc.

    6020 Elliot Ave, Minneapolis, MN 55417
  • /27

    $364,900

    • 4 Beds
    • 2 Baths
    • 1,449 Sq Ft

    6113 5th Ave S, Minneapolis, MN 55419

    Welcome to this charming 1953 rambler in the heart of the Diamond Lake neighborhood. Offering 4 bedrooms and 2 bathrooms, this home provides both character and functionality, with the convenience of three bedrooms on the main level and a spacious, finished lower level for added living space. The main floor showcases classic mid-century style and natural flow through the living and kitchen areas,

    Shannon Toner Keller Williams Premier Realty

    6113 5th Ave S, Minneapolis, MN 55419
  • /51

    $300,000 Open Sun 11AM - 12:30PM

    • 2 Beds
    • 1 Bath
    • 1,146 Sq Ft

    5559 2nd Ave S, Minneapolis, MN 55419

    Diamond Lake Charmer - This beautiful home blends classic character with modern comfort. Recent MAC improvements include newer main-level windows and added insulation for year-round efficiency. The stucco exterior showcases a distinctive textured finish, highlighted by freshly painted trim. Inside, the main level features freshly refinished hardwood floors by Dave's Flooring, smooth ceilings with

    Jeanne LeVasseur Keller Williams Realty Integrity

    5559 2nd Ave S, Minneapolis, MN 55419
  • /37

    $464,900

    • 5 Beds
    • 2 Baths
    • 2,428 Sq Ft

    6005 13th Ave S, Minneapolis, MN 55417

    Welcome to this fantastic home located in one of the most sought-after areas of Minneapolis!This property features 5 bedrooms and 2 full bathrooms, beautiful hardwood floors on the main level, and a modern kitchen with stainless steel appliances and quartz countertops. The fully finished basement offers two additional rooms and a relaxing sauna.The home boasts a spacious, fully fenced

    Paulo Mora RE/MAX Advantage Plus

    6005 13th Ave S, Minneapolis, MN 55417
  • /43

    $405,000

    • 3 Beds
    • 2 Baths
    • 2,574 Sq Ft

    6125 Loren Dr, Minneapolis, MN 55417

    Mid-century charm meets modern updates in this stunning home in the highly sought-after Diamond Lake neighborhood! You’ll love the natural light pouring through the large windows on the main floor, highlighting the fresh paint, new LVP flooring, and the cozy wood-burning fireplace in the living room. The fully remodeled kitchen is open and inviting, with new cabinets, countertops, and a sunny

    Mitchel Herian Kris Lindahl Real Estate

    6125 Loren Dr, Minneapolis, MN 55417
  • /40

    $475,000

    • 4 Beds
    • 2 Baths
    • 1,990 Sq Ft

    6045 Oakland Ave, Minneapolis, MN 55417

    Beautifully updated bungalow in vibrant Diamond Lake! Featuring four bedrooms, two bathrooms, and a dynamic open floor plan. Gorgeous hardwood floors, enameled woodwork, and impressive built-ins are found throughout. Main level showcasing a welcoming living room with cozy fireplace seamlessly flows into the dining area and fully updated kitchen. Finished lower level boasts a terrific family room

    Carolyn Gronfield RE/MAX Results

    6045 Oakland Ave, Minneapolis, MN 55417

Why Live in Diamond Lake

Diamond Lake, located in Nokomis County, is a neighborhood 6 miles south of Minneapolis, featuring distinct homes with lakefront views. The area is defined by its proximity to Diamond Lake and Lake Nokomis, which offer both natural beauty and recreational opportunities. Diamond Lake Park provides a serene environment with wooded trails and wildlife, while Lake Nokomis Park is fully recreational, featuring fishing piers, concession stands, and boating rentals. The neighborhood's homes, built mainly between the 1930s and 1960s, include aesthetically pleasing old Tudor homes, Minimal Traditional, Victorians, Colonials, and well-manicured cottages. These properties range from $250,000 to $1 million, with lakefront homes commanding higher prices. Interstate 35W borders the west side, facilitating commutes to nearby cities. Though there are no K-12 schools within Diamond Lake, nearby options include Wenonah Elementary, Hennepin Middle School, and Roosevelt High School, which offers an IB program, Spanish Dual Language program, and Advanced Placement courses. The neighborhood features dining options like the 5-8 Club, known for its Jucy Lucy burger, and grocery shopping at Cub supermarket across the highway. Diamond Lake is part of the HPDL Diamond Lake Community Association, which hosts events such as Earth Day Clean Up, Frost Fest, and the Neighborhood Garage Sale. The area has a low crime risk compared to the national average, making it a safer place to live.

Frequently Asked Questions

Is Diamond Lake a good place to live?
Diamond Lake is a good place to live, receiving 4.2 stars from its residents. Diamond Lake is considered somewhat walkable and very bikeable with some transit options. Diamond Lake is a suburban neighborhood. Diamond Lake has 6 parks for recreational activities. It is somewhat dense in population with 7.1 people per acre and a median age of 41. The average household income is $161,143 which is above the national average. College graduates make up 64.5% of residents. A majority of residents in Diamond Lake are home owners, with 13% of residents renting and 87% of residents owning their home. A local real estate agent serving Diamond Lake can help you decide if this neighborhood is the right one for you. Learn more on our Diamond Lake neighborhood guide.
How much do you need to make to afford a house in Diamond Lake?
The median home price in Diamond Lake is $465,000. If you put a 20% down payment of $93,000 and had a 30-year fixed mortgage with an interest rate of 6.56%, your estimated principal and interest payment would be $2,370 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $102K a year to afford the median home price in Diamond Lake. The average household income in Diamond Lake is $161K.
What are the best public schools in Diamond Lake?
The best public schools that serve Diamond Lake are:
What are the best private schools in Diamond Lake?
The best private schools that serve Diamond Lake are:
  • Our Lady Of Peace has an A+ Niche grade, a student teacher ratio of 11:1 and an average review score of 5.0.
  • Annunciation Catholic School has an A+ Niche grade, a student teacher ratio of 12:1 and an average review score of 4.3.
  • Academy Of Holy Angels has an A Niche grade, a student teacher ratio of 12:1 and an average review score of 4.3.
What are the most popular zip codes in Diamond Lake, Minneapolis, MN?
The most popular zip codes in Diamond Lake, Minneapolis, MN include 55417, 55419, 55423, 55407 and 55409.
What are the most popular neighborhoods near Diamond Lake, Minneapolis, MN?
The most popular neighborhoods near Diamond Lake, Minneapolis, MN are Hale, Page, Windom, Wenonah and Tangletown.

Home Trends in Diamond Lake, MN

Housing Trends

Median Sale Price
$478,500
Median Single Family Sale Price
$475,000
Median Townhouse Sale Price
$208,250
Average Price Per Sq Ft
$237
Number of Homes for Sale
6
Last 12 months Home Sales
69
Months of Supply
1.00
Median List Price
$465,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
14%
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