[2][1] The community's governing body, the Cedar Lake Property Owners, has been maintaining its 320 acres (1.3 km2) of land since June 2, 1925.

In its early days, the lake was used as an ice factory, where the frozen water was harvested and sold during the winters.

The developers marketed their property as a summer resort and built cabins, lodges, and camps for its new residents.

The lake is used for many recreational activities, including: swimming, fishing, ice skating, and non-motor boating.

The Cedar Lake Community Club (CLCC) runs a clubhouse available to all members of the lake, which provides a tennis court, basketball court, and a playground, organizes many community activities, and hosts a bar for the adults every Friday night.