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Diamond Lake Homes for Sale

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  • /61

    $499,900

    • 5 Beds
    • 2 Baths
    • 2,230 Sq Ft

    5718 13th Ave S, Minneapolis, MN 55417

    Exceptional 5BR, 2BA is a classic 1940s built 1 1⁄2 story home in the sought-after Diamond Lake neighborhood - a perfect place to call home! Outstanding curb appeal features a rarely found covered front porch that draws you into an attractive, spacious living room w/ HWF & wood burning fireplace. Traditional dining room w/ HWF, updated kitchen w/ newer cabinets and granite counters plus a walkout

    Michael Gardner RE/MAX Results

    5718 13th Ave S, Minneapolis, MN 55417
  • /36

    $500,000

    • 5 Beds
    • 4 Baths
    • 3,204 Sq Ft

    5926 Portland Ave, Minneapolis, MN 55417

    Side-by-side duplex with 3 bedrooms and two bathrooms, fireplace in living room, footings for another fireplace in the basement. Outside unit has a deck with gas grill. The other unit has two bedrooms, two bathrooms, fireplace in the living room and in the basement. Outside unit has a patio, garden, and gas grill. Three-car garage is a big plus. New roof as of 2024. Easy access to I-35, I-494,

    Gary Thaler Coldwell Banker Realty

    5926 Portland Ave, Minneapolis, MN 55417
  • /34

    $480,000

    • 3 Beds
    • 2 Baths
    • 2,051 Sq Ft

    5709 11th Ave S, Minneapolis, MN 55417

    This charming Classic Cottage-style home offers timeless character and smart updates in a tree-lined South Minneapolis neighborhood. Enjoy classic curb appeal with colonial blue shutters and a beautifully maintained yard. Inside, you'll find a cozy living room with a wood-burning fireplace, a kitchen with granite counter tops, stainless steel appliances, and a sweet little eat-in nook, plus a

    Kristen Jondahl Anderson Realty

    5709 11th Ave S, Minneapolis, MN 55417
  • /30

    $495,000

    • 4 Beds
    • 2.5 Baths
    • 2,587 Sq Ft

    6015 Clinton Ave, Minneapolis, MN 55419

    Charming 1925 Home with Modern Updates & Fantastic Outdoor Space!Welcome to 6015 Clinton Ave – a beautifully updated, move-in ready gem full of original charm and thoughtful upgrades! This well-maintained 4-bedroom, 3-bath home boasts gleaming hardwood floors, rich natural light, wood blinds throughout. Generous arched openings connect the living, dining, and kitchen areas, creating great

    Kevin Burns RE/MAX Results

    6015 Clinton Ave, Minneapolis, MN 55419
  • /40

    $487,500

    • 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
  • /28

    $467,900

    • 3 Beds
    • 2 Baths
    • 1,829 Sq Ft

    5604 14th Ave S, Minneapolis, MN 55417

    Discover your dream home nestled in the desirable Diamond Lake neighborhood of South Minneapolis, just a delightful three blocks from the serene shores of Lake Nokomis. You'll instantly fall in love with the enchanting upper-level suite, featuring spacious primary bedroom complete with two walk-in closets—one boasting custom built-ins—and a stunning three-quarter ceramic tile bathroom that exudes

    Patricia Hase Coldwell Banker Realty

    5604 14th Ave S, Minneapolis, MN 55417
  • /45

    $585,000 Coming Soon

    • 4 Beds
    • 3 Baths
    • 2,762 Sq Ft

    6150 Park Ave, Minneapolis, MN 55417

    Wonderfully updated home with open concept main floor, incredible yard, andgreat location close to Lake Nokomis, Veteran's Memorial Park, airport,highways, and walkable to trails, shops, restaurants, parks, and much more!Main level boasts formal living room with large south facing windows andfireplace, formal dining room, updated open kitchen, and huge family room withdirect

    Brian Ehlers Edina Realty, Inc.

    6150 Park Ave, Minneapolis, MN 55417
  • /43

    $499,900 Open Sat 12PM - 2PM

    • 6 Beds
    • 3 Baths
    • 2,580 Sq Ft

    5809 Chicago Ave, Minneapolis, MN 55417

    Stop waiting for the perfect opportunity—this is it. Whether you’re looking for a smart investment or a way to finally own in South Minneapolis, this spacious duplex checks all the boxes. The larger unit offers 4 bedrooms and 2 baths, while the other features 2 bedrooms and 1 bath—live in one and rent the other, or rent both and watch the income roll in. A rare bonus: a second-story addition was

    Kimberly Wong Keller Williams Realty Integrity Lakes

    5809 Chicago 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 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.
Is Diamond Lake, MN a safe neighborhood?
Diamond Lake, MN is safer than the average neighborhood in the United States. It received a crime score of 3 out of 10.
How much do you need to make to afford a house in Diamond Lake?
The median home price in Diamond Lake is $420,000. If you put a 20% down payment of $84,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $2,180 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $93K 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 13:1 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.
Are home prices dropping in Diamond Lake?
Yes, home prices in Diamond Lake are down 71% in the last 12 months.

Home Trends in Diamond Lake, MN

Housing Trends

Median Sale Price
$365,000
Median Single Family Sale Price
$365,000
Average Price Per Sq Ft
$187
Number of Homes for Sale
0
Last 12 months Home Sales
7
Months of Supply
0.00
Median List Price
$420,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-82%
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