April 29, 2009
The average asking price for a Lake Vermilion road access home/cabin remains at just over $600,000. (That excludes leased properties and common interest community property.)
The overall price range is from $200,000 to nearly $1.8 million.
FYI, with the current record low interest rates, the monthly mortgage payment on that $600,000 lake home is now about $461 less than it was last October.