For Sale28d on market
18238 W Gages Lake Rd
Grayslake, IL, 60030 • 60030 • Lake County
$3,300,000
17 acLot
This home is getting attention
Listed 28 days ago · 190 views · 7 saves
Market activity
Demand and pricing signals for this listing
190 views
People checking out this listing
7 saves
Buyers have saved this home
28 days on market
Recently listed
Selling Soon Prediction
ModerateThis home ranks in the top 44% of listings most likely to go under contract soon, based on market activity and demand signals.
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About this home
Lot
Prime 17+ Acre Development Opportunity. Gages Lake, Illinois Residential - Commercial - Institutional - Luxury Estate Potential. Tucked in the heart of Lake County, this rare 17+ acre property offers the feeling of the North Woods without the long commute. Mature trees, wooded walking trails, and a stocked pond with a sandy beach create a peaceful natural setting rarely found this close to town. The property includes two single-family homes and one duplex producing rental income, providing immediate revenue while you plan the future of the land. With mixed-use commercial GC and residential R4 zoning already in place, the possibilities are exceptional - from residential development to an institutional campus, hobby farm, equestrian property, a private family compound, or a luxury estate. Imagine building your dream compound tucked into the woods toward the back of the property, running a business near the road frontage, and leveraging the existing homes for income in the front. The setting offers the feel of a North Woods weekend retreat - yet it's located right in Lake County, making it easy to enjoy nature without leaving the suburbs. The layout also allows owners to enjoy the property now while thoughtfully planning future improvements or phased development. Properties of this size and natural character are increasingly rare in Lake County, making this a compelling opportunity to create a private legacy estate. Located along Gages Lake Road, next to a school and the established Wooded Glen subdivision, this property represents a truly rare infill opportunity in Lake County. The 17+ acre parcel is offered at $3,300,000, with the option to acquire an additional .83-acre parcel featuring a beautiful 2700+ sq ft home, creating a full 18-acre offering for $3,950,000. --CONFIRMED SHOWINGS REQUIRED TO VIEW THE PROPERTY
Estimated monthly payment
Based on current rates
$21,523/month
Principal & Interest$17,123
Property Tax$3,300
Insurance$1,100
Down payment20% ($660,000)
3%50%
Est. 6.75% rate · 30yr fixed · $2,640,000 loan
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Key facts and listing details
Property
Home typeLot
Sub-typeUnimproved Land
Parking & Outdoor
Lot17 Acres
Location & Tax
Neighborhood60030
Annual tax$33,152
Parcel0730200006
Features & details
1 category of property features
Exterior Features
Utilities
Electric to Site
Natural Gas Nearby
Listing insights
Market data and value estimates
StatusFor Sale
Days on market28
Tax rate2.60%
On marketMar 12, 2026
PostedMar 12, 2026
MLS statusActive
MLS updatedMar 18, 2026
Tour days6
Views190
Favorites7
How are the schools in Grayslake?
3 schools rated nearby
Location
Grayslake, IL, 60030
Price history
4 events
DateEventPrice$/sqftSource
Mar 12, 2026Listed For Sale$3,300,000—MRED as distributed by MLS GRID
Mar 12, 2026Listing Removed$3,950,000—MRED as distributed by MLS GRID
Mar 7, 2026Price Change$3,950,000—MRED as distributed by MLS GRID
Oct 31, 2025Listed For Sale$4,599,000—MRED as distributed by MLS GRID
Listed For Sale$3,300,000
Mar 12, 2026•MRED as distributed by MLS GRID
Listing Removed$3,950,000
Mar 12, 2026•MRED as distributed by MLS GRID
Price Change$3,950,000
Mar 7, 2026•MRED as distributed by MLS GRID
Listed For Sale$4,599,000
Oct 31, 2025•MRED as distributed by MLS GRID
Tax history
22 years of records
YearTax paidAssessed value
Apr 10, 2023$10,155$124,999
Apr 10, 2022$8,822$116,051
Apr 10, 2021$7,966$98,594
Apr 10, 2020$7,705$92,311
Apr 10, 2019$7,477$89,631
Apr 10, 2018$7,894$106,851
Apr 10, 2017$7,894$103,789
Apr 10, 2016$8,578$99,167
Apr 10, 2015$8,728$94,051
Apr 10, 2014$8,371$93,490
Apr 10, 2012$8,014$94,205
Apr 10, 2011$7,588$101,812
Apr 10, 2010$7,096$105,052
Apr 10, 2009$7,099$110,638
Apr 10, 2008$7,004$111,776
Apr 10, 2006$5,761$92,924
Apr 10, 2005$5,863—
Apr 10, 2004$6,458—
Apr 10, 2003$6,286—
Apr 10, 2002$6,088—
Apr 10, 2001$6,053$83,336
Apr 10, 2000$5,871$80,397
Nearby homes
Neighborhood details
Local context around this listing
Grayslake, IL • Lake County
Nearby cities
AntiochBuffalo GroveGurneeHighland ParkLibertyvilleMundeleinRound Lake BeachVernon Hills
Nearby zip codes
60031
Similar homes
Based on information submitted to the MLS GRID as of 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#17)
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