Elgin · Kane County · IL
Homes for sale in
Waterford.
- Active listings
- 4
- Median list
- $599K
- Avg time on market
- 30 days
- Sold · last year
- 44
Active listings
4 homes on the market
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About the community
A newer, amenity-anchored community on Elgin's far west side.
Waterford is a single-family, master-planned-style subdivision on the far west edge of Elgin in Kane County, north of Bowes Road and west of Randall Road. It was launched by Kimball Hill Homes in the mid-2000s and is being completed today by Lennar, so it blends established homes from around 2005 with current new construction under builder warranty. The community is planned around green space, parks, ponds, and bike and walking paths, with a clubhouse and pool at its center. Two things set it apart: the depth of the on-site amenities for the price point, and that it sits in the well-regarded Central District 301 rather than Elgin U-46, which is unusual for an Elgin address.
At a glance
Clubhouse and pool
A community clubhouse with an outdoor swimming pool anchors the amenity package.
Central District 301
Served by Central CUSD 301, not Elgin U-46, typically Prairie View Grade School, Prairie Knolls Middle, and Central High. Confirm by address.
Ponds and trails
Green space with ponds, parks, a tot lot, and bike and walking paths woven through the community.
New construction still selling
Lennar is actively building and selling new homes under its Horizon Series alongside resales.
Move-up single-family homes
Two-story traditional designs, most four bedrooms, roughly 2,100 to 3,500+ sqft across the builders and eras.
Randall Road and I-90
Quick reach to the Randall Road retail corridor and I-90 via the Randall interchange to the north.
Metra MD-West terminus
The Big Timber Road station in Elgin, the line's western terminus, offers commuter service toward Chicago Union Station.
What’s close
Waterford sits on the far west side of Elgin, north of Bowes Road and west of Randall Road, with I-90 and the Randall corridor the main connections.
- Amenities on-site
- A clubhouse and pool, parks, a tot lot, ponds, and walking and bike trails within the community.
- Shopping
- The Randall Road retail corridor, one of the Fox Valley's largest, runs just to the east.
- Hospital
- Advocate Sherman Hospital on North Randall Road in Elgin, a short drive up the corridor.
- Highway
- Randall Road and I-90 (Jane Addams Tollway) via the Randall interchange to the north, toward O'Hare and Rockford.
- Schools
- Central Community Unit School District 301, typically Prairie View Grade School, Prairie Knolls Middle School, and Central High School. Confirm by address.
- Train
- Metra Milwaukee District West service from the Big Timber Road station in Elgin, the line's western terminus.
What it’s actually like to live here
Waterford suits buyers who want newer construction and a self-contained, amenity-rich feel without leaving the Fox Valley. Days here lean toward the community's own clubhouse, pool, parks, ponds, and trail network, with the large Randall Road retail and dining corridor only minutes east for everything else. Because the subdivision blends original mid-2000s homes with current Lennar new builds, a buyer can choose between an established resale on a mature lot or a brand-new home still under builder warranty, all within one HOA and one amenity footprint.
Families are a natural fit given the Central 301 schools, the tot lot and parks, and the low-traffic street layout. Commuters get a useful mix: drive access to I-90 for O'Hare, the northwest suburbs, and Rockford, plus the Big Timber Road Metra terminus for a ride to downtown Chicago. Advocate Sherman Hospital on Randall adds real healthcare convenience.
The honest tradeoffs are distance, congestion, and taxes. This is far-west Elgin, so it is more car-dependent than central or downtown Elgin, and the Metra ride from the line's western terminus is longer than closer-in stations. Randall Road is convenient but busy at peak times, and Kane County property taxes at this price level are a serious line item. One local quirk to verify: this part of far-west Elgin sits in Central District 301 rather than the citywide U-46 default, so confirm the assigned schools for the exact address.
The questions buyers actually ask
Waterford FAQ
The questions I get most from buyers shopping Waterford. If yours isn't here, text 224-385-8779, same-day reply.
- How much is the HOA?
- Single-family homes are $129 per month.
- What does the HOA actually cover?
- Monthly HOA dues run roughly $42 to $130 depending on the section and product, with the current new-construction section near $129 a month. Dues typically fund the clubhouse and pool, the parks, ponds, trails, and common-area landscaping and lighting. Confirm the exact fee tier and inclusions against the association disclosure package for the specific home.
- What are property taxes like?
- Roughly $11,000 – $18,000 per year, depending on home size and value. Kane County assessor records are the source of truth. Happy to pull a specific bill on any home you're considering.
- When was Waterford built?
- Kimball Hill Homes, with Lennar building new construction today built the community between 2005 and 2026.
- What's the typical closing timeline?
- 30 to 60 days from accepted offer to keys. Cash deals can close in two weeks. Conventional financing is usually closer to 60.
- Is Waterford in Elgin or South Elgin?
- It is in the City of Elgin (ZIP 60124), Kane County, on the far west side north of Bowes Road and west of Randall Road. It is not in the Village of South Elgin.
- Who built Waterford, and how new are the homes?
- It began with Kimball Hill Homes in the mid-2000s and is being completed today by Lennar under its Horizon Series, so homes range from original 2005-era builds to brand-new construction.
- What school district serves Waterford?
- Central Community Unit School District 301, not Elgin U-46, which is unusual for an Elgin address. The typical assignment is Prairie View Grade School, Prairie Knolls Middle School, and Central High School. Confirm the exact schools for a specific address with the district.
- Is there an HOA, and what does it cost?
- Yes. Monthly dues run roughly $42 to $130 depending on the section, with the current new-construction section near $129 a month, covering the common areas and the shared amenities. Request the association disclosure package for the exact coverage.
- What amenities does the community have?
- A clubhouse and pool, parks, a tot lot, ponds, and walking and bike trails, with a fitness center noted by the current builder. Confirm any specific amenity on site.
- What do homes cost and how is the market right now?
- Waterford is an upper-tier newer Elgin subdivision, but pricing and market pace move over time. See the live Market snapshot on this page for current values, inventory, and activity rather than a static number.
- Who is the real estate agent for Waterford?
- Joe Keegan is the local licensed Illinois real estate broker who covers Waterford in Elgin, IL through Subdiview, a neighborhood-first home search for the Chicago suburbs and collar counties. Joe prices and negotiates from the live MRED sold comps for Waterford specifically, not national averages, and can help you buy or sell here. Reach Joe at 224-385-8779 or joe@joekeeganhomes.com.
Your local agent
Joe knows Waterford
Most agents will list anything. I focus on the places I actually know, and the things that move value here don't show up in the MLS write-up: which streets and buildings hold demand, what the HOA or assessments really cover, how the comps read once you account for condition and location, and where buyers consistently want to be.
When you're ready to tour or list, you want someone who has read the last 50 closed comps in this specific market, not a national average, and can tell you what they actually mean for your price. That's how I work. Text or call any time, and I'll give you a real take, not a brochure.
- Licensed Illinois broker
- Comp-driven pricing
- Elgin specialist
- Honest local market take
- Brokerocity
Market snapshot
Waterford, by the numbers
Live MRED data, refreshed daily. The numbers below tell you what this market is doing today, not what Zillow's algorithm thinks it might be doing six weeks from now.
Typical list price
$599,348
Typical sale price · last 90 days
$589,550
Homes for sale right now
4
Avg time on market
30 days
Sold in the last year
44
This representation is based in whole or in part on data supplied by Midwest Real Estate Data, LLC for the period August 7, 2025 through August 7, 2026. Midwest Real Estate Data, LLC does not guarantee nor is it in any way responsible for its accuracy. Data maintained by Midwest Real Estate Data LLC may not reflect all real estate activity in the market.
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