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Recently, superconductivity at high temperatures is observed in bulk La₃Ni₂O_7−δunder high pressure. However, the attainment of high‐purity La₃Ni₂O_7−δsingle crystals remains a formidable challenge. Here, the crystal structure and physical properties of single crystals of Sr‐doped La₃Ni₂O₇synthesized at high pressure (20 GPa) and high temperature (1400 °C) are reported. Through single crystal X‐ray diffraction, it is shown that high‐pressure‐synthesized paramagnetic Sr‐doped La₃Ni₂O₇crystallizes in an orthorhombic structure with Ni─O─Ni bond angles of 173.4(2)° out‐of‐plane and 175.0(2)°and 176.7(2)°in plane. The substitution of Sr alters in band filling and the ratio of Ni²⁺/Ni³⁺in Sr‐doped La₃Ni₂O₇, aligning them with those of “La₃Ni₂O_7.05”, thereby leading to significant modifications in properties under high pressure relative to the unsubstituted parent phase. At ambient pressure, Sr‐doped La₃Ni₂O₇exhibits insulating properties, and the conductivity increases as pressure goes up to 10 GPa. However, upon further increasing pressure beyond 10.7 GPa, Sr‐doped La₃Ni₂O₇transits back from a metal‐like behavior to an insulator. The insulator–metal–insulator trend under high pressure dramatically differs from the behavior of the parent compound La₃Ni₂O_7−δ, despite their similar behavior in the low‐pressure regime. These experimental results underscore the considerable challenge in achieving superconductivity in nickelates.