Diamond Lake Homes For Sale & Rent

Diamond Lake


Nestled in the Nokomis community of Minneapolis, the Diamond Lake neighborhood offers a blend of serene lakefront living and convenient urban access, just 6 miles from downtown. With its two picturesque lakes—Diamond Lake and nearby Lake Nokomis—this area is a favorite for outdoor enthusiasts, providing ample recreational opportunities. Architectural styles range from charming Tudors and Colonials to Minimal Traditional homes, most built between the 1930s and 1960s, giving the neighborhood a timeless character. Home prices typically range from $250,000 to over $1 million for lakefront properties. Bordering I-35W, residents enjoy easy commutes, while the lush surroundings and tight-knit community add to its appeal. Properties here tend to sell quickly, reflecting the neighborhood's desirability.

Real Estate Statistics

Average Price $404K
Lowest Price $190K
Highest Price $550K
Total Listings 8
Avg. Days On Market 26
Avg. Price/SQFT $237

Property Types (active listings)