Lake City MN Real Estate Report

Filed in Featured Minnesota Communities by on August 23, 2008 0 Comments

Here are some Lake City MN real estate listings that were recently listed on the Northstar Regional MLS/IDX.

See ALL Lake City MN real estate listings.

Lake City should probably be called “Boat City Minnesota.” After all, there is a marina here with about 600 boat slips. The city is an historic Mississippi River town located along the western shores of Lake Pepin. Lake Pepin is an outwash formed by the Mississippi and Chippewa Rivers, and is about three miles wide and 21 miles long. This town claims a small part of history as the “Birthplace of Waterskiing.” I get frequent calls and emails about this area, mostly from out-of-state folks in Iowa or Nebraska who want to enjoy Minnesota waterfront, but don’t want to drive too far north. Lake City MN real estate is a natural choice for those who want to enjoy fishing, swimming, boating, and, of course, the beautiful Mississippi River bluff views. Also, the fact that it is only about an hour from the Twin Cities metro area and even closer to Rochester and Redwing make this a convenient place to live. The large concentration of migratory birds and bald eagles is an added bonus for tourists and residents alike. This picturesque Wabasha County city is designated as a “Globally Important Bird Area.” It has also been designated a “Tree City USA” for the last 15 years.

Lake City MN Homes for Sale

According to the Northstar MLS at the time of this post (August 23rd) there are 61 Lake City MN homes for sale.  About a third of these are condos, twinhomes, or townhomes,  The bulk of these Lake City MN real estate listings are luxury condos with fabulous views of Lake Pepin.  The average asking price for condo/townhome units is $380,740, at a cost of about $231/square foot.  You can have a fantastic Lake City MN luxury condo/penthouse with a private deck and million-dollar panormaic views of the river bluffs for under 500K.

However, you don’t have to be rich enough to own a big yacht if you want to live here.  Single family Lake City MN home prices range from about 100k to about 2M.  If you like golf, you might want to look at the selection of newer golf cottages available in the 200’s and 300’s.

Are you looking for a home along the Mississippi, but a little closer to Minneapolis?  Check out this Red Wing MN real estate report.


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