In the land of 10,000 lakes, it comes as no surprise that lakeshore living is a hot commodity. Looking to have it all – the hustle of city living steps from the retreat of blue waters? There is a lot to consider when deciding when and where to buy a lakefront home.
Despite its 13 lakes, finding a lake home in Minneapolis will be a challenge. Who doesn’t love a stop at Sebastian Joe’s or Wild Rumpus after a walk around Lake Harriet? Homes on the Minneapolis Chain of Lakes don’t come on the market frequently. If you see one pop up on Lake Harriet, Lake of the Isles or Lake Bde Maka Ska (Lake Calhoun), make sure to pounce!
So where do you look if you want to find a home right on a lake within the Twin Cities? There are several cities throughout the metro worth exploring.
Lake Minnetonka and its many bays is the hot spot for water fun in the Twin Cities and a great place to start your lakefront search. Prices range from $130,000 for a lakeside condo to $14.9 million for a wow-factor mansion. Lake Minnetonka, Minnesota’s ninth largest lake, touches 13 cities in Hennepin and Carver counties, and is a hub for almost every type of water recreation including yachting and sailing. Popular lakeside restaurants include Lord Fletcher’s and Maynards. There are three public beaches on Lake Minnetonka, plus a sandy-bottomed, chlorinated swimming pond at Lake Minnetonka Regional Park in Minnetrista. And if you are looking to step back in time, hop aboard the 1906 Steamboat Minnehaha on weekends throughout the summer.
Although the local market fluctuates on a daily basis, there are currently 120 homes for sale on Lake Minnetonka; 145 if you include water access. Here are a few best bets:
- Orono, MN — median sold price: $855K
- Deephaven, MN — median sold price: $849K
- Minnetrista, MN — median sold price: $549K
Condos and various price points:
- Mound, MN — median sold price: $275K
Upper Prior Lake and Lower Prior Lake together make the largest lake in the south metro and 80th in size for all of Minnesota. Prior Lake is home to two public beaches and two public boat launches. Looking for a seasonal boat slip? The city of Prior Lake offers several including four at Watzi’s Beach and four at Sand Point Beach. There are also five boat slips at each beach for daily use, and six at each beach for overnight rental. The lake is popular for fishing, canoeing and kayaking. Dine lakeside at Charlie’s on Prior, offering everything from a tasty burger to gluten free and vegetarian specialties.
Currently there are 24 homes for sale on Prior Lake, ranging in price from $550K to $1.6M.
- Prior Lake, MN — median sold price: $440K
The birthplace of Log Cabin syrup, Forest Lake is home to the Wildlife Science Center, Running Aces Harness Park and Mallards seafood restaurant. In the center of the city of Forest Lake is the aptly-named Forest Lake offering beach and public access at Lakeside Memorial Park. Lakeside is also home to a farmers market and live entertainment on Tuesday evenings throughout the summer.
Forest Lake is popular for trophy fishing. Brag-worthy catches include muskie, northern pike, largemouth bass, walleye, bluegill, crappie and perch. There are currently 10 lakefront homes for sale on Forest Lake, ranging in price from $350K to $2.2M. Availability jumps up to 22 if you include lake access when searching properties on Forest Lake.
- Forest Lake, MN — median sold price: $330K
There are several notable lakes throughout Chisago County. North and South Center Lake, located in Center City and Lindstrom, currently offer 15 lakefront homes for sale. This area is known for antique shopping and Harmony in the Park, weekly live entertainment at Lions Park in Lindstrom, just west of South Central Lake. Lakefront properties range from under $200K to over $600K.
Not too far from Lindstrom, another lake option exists in Wyoming with five homes for sale on Comfort Lake, ranging in price from $300K to $750K.
Skirting the edges of the Twin Cities is Wright County, approximately an hour from Minneapolis. Annandale and Cokato offer a variety of options for owning a lake home. There are currently 32 lakefront properties for sale within these cities, ranging from lots starting at $55,000 to beautiful homes just shy of the $1M mark.
Ready for the next step in buying a lakeshore home? Let the search begin!
And if you’re wondering about lakefront homes outside the Twin Cities, take a look at our best places to buy a lake home in MN and WI.
Numbers based on MLS listing data as of July 1, 2019. Listing information changes frequently. For up-to-date listing information, visit edinarealty.com.