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Diamond Lake Homes for Sale

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  • /24

    $495,000 Open Sat 1PM - 3:30PM

    • 3 Beds
    • 2 Baths
    • 2,088 Sq Ft

    5525 Columbus Ave, Minneapolis, MN 55417

    Classic South Minneapolis home near Diamond Lake. Kowalski's Market, park, short walk from this property.All MAC updates, refreshed and ready for the next owner who appreciates the quality & charm of a home built 86 years ago. Owner suite on upper level, private bath, loads of closets and great light. Large lower level family room, workroom with work bench, hobby room currently used as a

    Karen London Lakes Sotheby's International Realty

    5525 Columbus Ave, Minneapolis, MN 55417
  • /28

    $400,000

    • 4 Beds
    • 2 Baths
    • 1,881 Sq Ft

    1616 E 57th St, Minneapolis, MN 55417

    Sharp brick & stucco rambler set on a double, corner lot in the coveted Diamond Lake neighborhood of South Minneapolis. You'll love the cozy front porch for enjoying your morning coffee or welcoming incoming guests. Beautiful hardwood floors throughout most of the main level, along with three bedrooms and a woodburning fireplace. The fourth bedroom is in the finished lower level, featuring a

    Blake Halverson Coldwell Banker Realty

    1616 E 57th St, Minneapolis, MN 55417
  • /52

    $579,900

    • 4 Beds
    • 3 Baths
    • 2,077 Sq Ft

    5715 Elliot Ave, Minneapolis, MN 55417

    Welcome to this beautifully maintained brick Tudor that blends timeless character with thoughtful modern updates, nestled in the highly sought-after Diamond Lake neighborhood. From the moment you arrive, you’ll be captivated by its curb appeal, stunning landscaping, and inviting charm. You’ll love classic architectural details including original hardwood floors, coved ceilings, natural woodwork,

    Bella Maisel Coldwell Banker Realty

    5715 Elliot Ave, Minneapolis, MN 55417
  • /53

    $499,000

    • 3 Beds
    • 2.5 Baths
    • 2,108 Sq Ft

    5844 11th Ave S, Minneapolis, MN 55417

    Stop what you're doing and come see this beautifully maintained bungalow. Perched atop a hill on a corner lot in Diamond Lake neighborhood, this home is welcoming and full of light. Beautiful hardwood floors throughout. On the main level, the living room and dining room are open and flow seamlessly into the up to date kitchen. The mudroom with bench and cabinets opens up to the fenced in backyard

    Drew Coleman Compass

    5844 11th Ave S, Minneapolis, MN 55417
  • /40

    $475,000 Open Sat 3PM - 5PM

    • 4 Beds
    • 2 Baths
    • 2,300 Sq Ft

    6101 11th Ave S, Minneapolis, MN 55417

    Move right in to this beautiful and thoughtfully updated home, situated on a large corner lot in the Diamond Lake neighborhood of South Minneapolis. Step through the front entry into a light, bright, and modern main level. The living room boasts a cozy, wood-burning fireplace for winter nights and large windows that let in lots of natural light. Through the living room is a separate dining area

    Derwayne Moore Keller Williams Realty Integrity Lakes

    6101 11th Ave S, Minneapolis, MN 55417
  • /2

    $339,900 Coming Soon

    • 1 Bed
    • 1 Bath
    • 819 Sq Ft

    6021 3rd Ave S, Minneapolis, MN 55419

    Beautifully updated 1 BR home in the Diamond Lake neighborhood is a must see! Spacious open floor plan allows natural light to accentuate all the living spaces. Stunning kitchen boasting stainless steel appliances, custom cabinets offering ample cabinet space, and a breakfast nook. Large bedroom and full bath are also located on the main level. Big unfinished basement with tons of storage. This

    brendan ashton Complete Management Services

    6021 3rd Ave S, Minneapolis, MN 55419

About 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 $425,000. If you put a 20% down payment of $85,000 and had a 30-year fixed mortgage with an interest rate of 6.83%, your estimated principal and interest payment would be $2,220 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $95K 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 55044, 55369, 55024, 55379 and 55318.
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

Home Trends

Median Price (12 Mo)
$413,750
Median Single Family Price
$427,500
Median Townhouse Price
$241,500
Average Price Per Sq Ft
$229
Number of Homes for Sale
5
Last 12 months Home Sales
62
Months of Supply
1.00
Median List Price
$425,000
Median Discount From 1st List Price
0%
Median Home Sale Price YoY Change
2%
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