Why Live in Centennial Lakes
Centennial Lakes in Edina offers a vibrant, walkable neighborhood centered around the 24-acre Centennial Lakes Park, which features pedal boating, mini-golf, and a summer event series. The park's Maetzold Amphitheater hosts concerts and movie nights, while the Edina Promenade connects various retail and recreational amenities. Residents enjoy easy access to shops and restaurants along France Avenue South, including Whole Foods Market, Trader Joe's, and dining options like Ciao Bella and El Camino Gourmet Tacos. The area is known for its bustling office complexes and diverse housing options, from multi-family condos and townhouses to single-family Cape Cods and New Traditionals. The real estate market is attractive to first-time buyers and young professionals, with condos selling quickly and a range of prices to suit different budgets.
Families in Centennial Lakes are zoned for the Richfield Public School District, with private school options also available. The neighborhood's safety is on par with the national average, providing a balanced living environment. Commuting is convenient with U.S. Interstate 494 and I-35W nearby, making downtown Minneapolis accessible within 20 minutes, and the Minneapolis-Saint Paul International Airport just 8 miles away. Healthcare needs are met by the M Health Fairview Southdale Hospital, located less than 2 miles from the neighborhood. Centennial Lakes Park remains a focal point for community activities, offering year-round outdoor amenities and a farmers market from June through October.
Home Trends in Centennial Lakes, MN
On average, homes in Centennial Lakes, Edina sell after 56 days on the market compared to the national average of 51 days. The median sale price for homes in Centennial Lakes, Edina over the last 12 months is $216,900, up 6% from the median home sale price over the previous 12 months.
Median Sale Price
$216,900
Median Single Family Sale Price
$177,450
Median Townhouse Sale Price
$925,000
Average Price Per Sq Ft
$237
Number of Homes for Sale
12
Last 12 months Home Sales
49
Median List Price
$220,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
6%