Prospect Park Real Estate
Prospect Park is familiar to most Minneapolitans for its hillside setting, dramatically marked by its wonderful Witch's Hat water tower at the very top. But like Marcy-Holmes, the official neighborhood is much larger than this picturesque area with winding streets—actually, Prospect Park's planning district is comprised of five physically dissimilar environments, only three of them residential. One of these is the original 19th-century streetcar suburb that builds up the hill. This part of Prospect Park includes a national architectural landmark, Frank Lloyd Wright's Willey House, at 255 SE Bedford. Residents with strong connections to the University are prominent in this uphill area.
To the south, the East River Road corridor was already a distinct environment before I-94 severed it from the rest of Prospect Park. The third residential area is downhill, extending west from Luxton Park to Oak Street. This is mainly the domain of university students. The University Avenue commercial corridor is a fourth distinct area within the official neighborhood boundaries. Finally, the large railroad/industrial zone north of 4th Street SE is a fifth environment.
Prospect Park's physical diverseness is reflected in a broad range of change. The streetcar suburb is very stable, while the downhill section closer to Oak Street and Washington Avenue experiences substantial redevelopment, including private dorms (which accounts for a lion's share of Prospect Park's 24-percent population increase between 1980 and 2000). Presence of the University, the new stadium, and a mid-city location guarantee that the University Avenue corridor will continue to experience rebuilding.
The neighborhood of Prospect Park is rich in both heritage and community spirit. And with a central location between Minneapolis and St. Paul, the real estate in Prospect Park is tied into the prosperity of the metro region - and that is a lovely prospect!
Minneapolis Prospect Park Homes & Condos
Located in Southeast Minneapolis, Prospect Park is close to both downtowns in the Twin City area: Minneapolis and St. Paul. Residents here appreciate the "urban village" feel of the community, and the luxury of living in a quiet neighborhood that's close to everything. Most homes in Prospect Park are within walking distance of recreation, entertainment and shopping centers, as well as a variety of neighborhood events venues.
Prospect Park is said to be "under the Witch's Hat", but it has nothing to do with black cats and broomsticks. The Witch's Hat is the water tower which stands atop Tower Hill, the highest point in all of Minneapolis. The neighborhood is also the site of a house designed by the great American architect, Frank Lloyd Wright. Indeed, there are many beautiful homes and properties in Prospect Park, and we will show you all of them, if that is what you desire. To find the home of your dreams be sure to explore the Prospect Park Listings!
To speak with a Prospect Park realtor, Contact Jamie Mathwig
Living in Prospect Park
Prospect Park is a very friendly and close-knit community, one that plays host to numerous festivals and events throughout the year. In February there's the Fire and Ice Festival, with hayrides, skating and a bonfire. April offers the Spring Holiday Concert, while May boasts the Luxton Park Painters Art Show and Sale. Community spirit and block parties abound during the National Night Out, while the Ice Cream Social is the one night of the year when the observation deck of the Witch's Hat is open to the public.