Minneapolis Lake Properties

Here’s some information to consider when looking in Minneapolis for lake properties. According to MeetMinneapolis.org, a local site promoting tourism and information, there are “over 22 lakes in Minneapolis alone… a rich lake culture….” It also references “The Chain of Lakes: five of the largest lakes in Minneapolis… 10 minutes from downtown…idyllic backdrop for walkers, bikers, boaters, and skiers.”

According to Realtor.com, there were 30 listings in July 2023 starting as low as $360K for a 1625 sq ft condo built in 1977 facing Lake Bde Maka Ska. It has a hot tub, party room, and greenhouse, along with a $1400 per month HOA to keep it pristine! Prices reached $4.85M for a 6224 sq ft single-family home built in 1923 on more than 1/3rd acre of lush waterfront on Lake of the Isles. It’s extremely well-maintained and fully renovated, with the most deluxe modern amenities inside and out.

Whatever your price point, Minneapolis offers a competitive market with a vibrant, modern culture rife with coffee shops, parks, and restaurants, as well as nightlife. It also has good schools and a good cost of living. It’s popular with both families and young professionals and was ranked among the top 10 “Best Cities for Young Professionals in America” by Niche.com. Property values in Minneapolis increased .1% in June 2023 year-over-year. You can imagine that these numbers change for lake properties.

More about this culture: https://www.tripadvisor.com/Attraction_Review-g43323-d147154-Reviews-Chain_of_Lakes-Minneapolis_Minnesota.html

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