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Key Facts

3Beds

3Baths

2,667Sq Ft

2005Year Built

2Garage

2Stories

$399,000

Active39 days on marketListed June 1, 2026

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Description

Rarely available end unit in the sought-after Water's Edge neighborhood of Grayslake. This two-story, 3-bedroom, 2.5-bath townhome sits alongside a charming lake, and residents enjoy exclusive access to Gage's Lake with a private beach, boat launch, and walking path. This well-maintained home features fresh paint throughout, a new 2026 water heater, updated ceiling fans, upgraded downstairs blinds, new shower finishes, and a custom-designed primary closet. The fenced patio with a retractable electric awning is perfect for relaxing outdoors. The end-unit location offers extra natural light and privacy, all while being just minutes from Metra, shopping, and dining.The sellers are including the 85-inch living room TV, 65-inch primary bedroom TV, and outdoor patio set. Units in Water's Edge rarely become available, so schedule your showing today.

Property Information

Property Type

Residential

Sub-Type

Townhouse

Year Built

2005

Stories

Living Area

2,667 sq ft

Lot Dimensions

101x38

Garage Spaces

Parking Spaces

Ownership

Fee Simple

Days on Market

MLS® Listing#

12631103

Property Features

Cooling

Central Air

Heating

Natural Gas

Basement

None

Parking

Garage Door OpenerAttachedGarage

Construction

Vinyl Siding

Sewer

Unknown

Water Source

Public

Rooms

Bedroom 212X12Second
Bedroom 314X10Second
Bedroom 4
Den11X10Second
Dining Room19X13Main
Family Room
Kitchen12X12Main
Laundry12X7Main
Living Room19X15Main
Master Bedroom22X14Second
Office12X11Main

Schools

Elementary:: Woodland Elementary School
Middle:: Woodland Middle School
High:: Warren Township High School
District:: Warren Township High School

Financial Details

HOA

$495 / Monthly

Annual Taxes

$12,000

Tax year 2025

Parcel Number

07301020450000

Directions

Rt 45 & Gages Lake Rd, east on Gages Lake Rd to Shoreline Dr, south on Shoreline Dr to Watercolor Pl, west to home.

Affordability Calculator

Home Price

Down Payment

$79,800

Interest Rate (%)

Loan Term

Estimated monthly payment

$2,124/mo

Principal $319,200 · Est. interest $445,312 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Grayslake, IL

$375,862
Median Listing Price: 23
Median Days on Market: 1,894
Median Sq Ft: $190
Median Price / Sq Ft: 61
Active Listings

This home’s price is 6% above the area median.
Its price per sq ft is 21% below the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Grayslake, IL.

Location

Points of Interest in Grayslake, IL

Nearby Schools

Goddard School
School · 0.5 mi away
Tech Campus
Secondary · 0.8 mi away
Gages Lake School
School · 0.8 mi away
Cyd Lash Academy
School · 0.9 mi away
Laremont School
School · 1.0 mi away
Woodland Middle School
Secondary · 1.5 mi away
Champions at Woodland Primary School
Elementary · 1.5 mi away
Frederick School
Secondary · 1.6 mi away
Woodland Elementary West
Elementary · 1.6 mi away
Woodland Primary School
Elementary · 1.6 mi away
Woodland Elementary
Elementary · 1.7 mi away
Grayslake School District
School · 1.7 mi away
Grayslake Middle School
Secondary · 1.8 mi away
Prairie Crossing Charter School
Elementary · 1.8 mi away
Grayslake Community School District 127
Secondary · 2.3 mi away
Grayslake Community High School
Secondary · 2.3 mi away
Country Meadows Montessori
Elementary · 2.4 mi away
Westlake Christian Academy
School · 2.4 mi away
Woodland Educational Support Center
School · 2.5 mi away
Woodland Community Consolidated School District
School · 2.5 mi away

Commute Calculator

Nearby Homes

$399,000

3 bed · 3 bath

1845 Watercolor Place, Grayslake, IL

0.0 mi away

$12

18880 Gages Lake Road, Grayslake, IL

0.1 mi away

$750,000

5 bed · 5 bath

701 Caitlin Court, Grayslake, IL

0.3 mi away

$449,900

4 bed · 3 bath

18910 W Orchard Lane, Grayslake, IL

0.4 mi away

$549,900

4 bed · 2 bath

33670 N Lake Shore Drive, Grayslake, IL

0.4 mi away

$440,000

4 bed · 4 bath

6 Crows Nest Court, Third Lake, IL

0.4 mi away

Similar Homes Nearby

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2 beds · 3 baths · 1,424 sq ft
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Similar Home Values

Comparable nearby listings and their asking prices.

Address	Price	Beds	Baths	Sq Ft
847 Essex Circle, Grayslake, IL	$285,000	2	3	1,424
847 Essex Circle, Grayslake, IL	$285,000	2	3	1,424
33192 N Cove Road, Grayslake, IL	$299,000	3	3	1,232
1815 Paddock Court, Grayslake, IL	$300,000	2	2	1,624
1512 Concord Circle, Grayslake, IL	$305,000	3	2	1,984
33191 N Sunset Avenue, Grayslake, IL	$309,900	2	2	1,296

Moving Cost Estimate

EXIT Agents in Grayslake

Roger Jenisch
Broker of Record
EXIT Realty RedefinedGrayslake, IL
(773) 682-8771
roger@exitrealtyredefined.com
Aneta Plaza
Associate Broker
EXIT Realty RedefinedRolling Meadows, IL
(708) 673-7239
anetaplaza03@gmail.com
Slawomir Rachmaciej
Associate Broker
EXIT Realty RedefinedRolling Meadows, IL
(847) 903-2924
slawekexitbroker@gmail.com
Evie Garay
Associate Broker
EXIT Realty RedefinedRolling Meadows, IL
(773) 936-6923
evie.garay3@gmail.com
Gabriela Prochowicz
Associate Broker
EXIT Realty RedefinedRolling Meadows, IL
(773) 526-3520
gabrielaprochowicz@gmail.com
Joanna Petrun
Associate Broker
EXIT Realty RedefinedRolling Meadows, IL
(630) 653-0506
joannapetrun@gmail.com

Listing Courtesy: Real Broker, LLC - (708) 404-2629

Based on information submitted to the MLS GRID as of 2026-06-01. 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.

Last Updated: 2026-06-01