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Pelican Lake, owned by Azure Estate LLC Land: $2,032,500 >>> Building: $3,422,100

Living large on the lake: Recession tempers home values, but still plenty of million-dollar lake properties in area

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Part 1 of 2: While the F-M area may have 23 homes valued at over $1 million, Minnesota's Lakes Country has well over 80, with some topping $2 million. Today and tomorrow we look at the market for high-value lake homes and those who live in them.

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DETROIT LAKES, Minn. - For most of the past decade, the story of lakeshore prices in western Minnesota was one of steadily rising values.

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