Cedar Lake in Annandale, Minnesota, features 234 lakefront properties that are primarily utilized as seasonal recreational retreats (61%) and full-time residences (38%). The lake’s housing stock spans over a century of development, with a median construction year of 1966 and a typical home configuration of three bedrooms and two bathrooms averaging 1,777 square feet.

According to the 2026 mnCabinCast valuation model, the total portfolio value of these homes is approximately $210.8 million, with a median property value of $870,000. Recently, the local real estate market has experienced rapid appreciation, characterized by a 58% median increase in county assessments over four years and a peak median sale price of $880,000 in 2024.

This surging demand has elevated 35% of the lakefront properties to valuations exceeding $1 million, with recent top sales establishing a new price ceiling of $1.7 million.

Median home price is now over $870,000 on Cedar Lake in Annandale, MN

8 Properties on Cedar Lake in Annandale, MN have now sold for >$1,000,000 since 2021.

25% of all homes on Cedar Lake in Annandale, MN now are valued at >$1,000,000+