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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.
Home Trends in Diamond Lake, MN
On average, homes in Diamond Lake, Minneapolis sell after 27 days on the market compared to the national average of 51 days. The median sale price for homes in Diamond Lake, Minneapolis over the last 12 months is $455,000, up 10% from the median home sale price over the previous 12 months.
Housing Trends
Median Sale Price
$455,000
Median Single Family Sale Price
$478,500
Median Townhouse Sale Price
$208,250
Average Price Per Sq Ft
$235
Number of Homes for Sale
5
Last 12 months Home Sales
68
Months of Supply
0.90
Median List Price
$475,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
10%
Diamond Lake Types of Homes for Sale
More About Living in Diamond Lake
Homes in Nearby Cities
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