Hainesville · Lake County · IL
Homes for sale in
Cranberry Lake.
- Active listings
- 0
- Median list
- $297K
- Avg time on market
- 7 days
- Sold · last year
- 13
Active listings
0 homes on the market
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About the community
A late-1990s community wrapped around a real glacial lake in Hainesville.
Cranberry Lake is a residential subdivision in the Village of Hainesville, in Lake County, in the Round Lake and Grayslake area of far northern Chicagoland. It was built by Deer Point Homes roughly between 1999 and 2004, and it is a mixed-density, master-planned pocket of townhomes and modest single-family homes on curbed, sidewalked, streetlit streets. The neighborhood is named for the real Cranberry Lake, a natural glacial lake of about 17 acres on its east edge, with a neighborhood park, trails, and water views. It reads as a practical, commuter-friendly, entry and move-up subdivision rather than a luxury or acreage community.
At a glance
A real 17-acre glacial lake
Cranberry Lake is a natural glacial lake of roughly 17.5 acres, the headwaters of the Round Lake watershed, with waterfront and water-view homesites.
Built by Deer Point, 1999 to 2004
A late-1990s and early-2000s community with a mix of townhome and single-family product.
Townhomes and single-family homes
Attached townhomes and rowhomes plus detached homes, with some units structured as condominiums.
Neighborhood park and trails
Cranberry Lake Park, run by the Round Lake Area Park District, sits on the lake, with sidewalks and paths through the community.
Round Lake District 116
The western part of Hainesville is served by Round Lake CUSD 116, a K-12 unit district. Hainesville is split east and west, so confirm by address.
Metra MD-N nearby
The Milwaukee District North line runs through the area, with Round Lake and Grayslake stations toward Chicago Union Station.
Advocate Condell in Libertyville
Advocate Condell Medical Center in Libertyville is the primary full-service hospital serving the area.
What’s close
Cranberry Lake sits along Route 134 in Hainesville, framed by Routes 120 and 134, with Metra MD-N stations in Round Lake and Grayslake nearby for the Chicago commute.
- Amenities on-site
- Cranberry Lake and its lakeside park, plus neighborhood trails, sidewalks, and open space.
- Shopping
- Everyday retail, grocery, and dining along the Rollins Road (Route 134) and Route 120 corridors in Round Lake Beach and Grayslake.
- Hospital
- Advocate Condell Medical Center in Libertyville.
- Highway
- Routes 120 (Belvidere Road) and 134 (Rollins Road) frame the area, feeding south toward Libertyville and the Tri-State corridor.
- Schools
- Round Lake CUSD 116 for the west side of Hainesville (Cranberry Lake), with Grayslake districts on the east side. Confirm the exact assignment by address.
- Train
- Metra Milwaukee District North service to Chicago from the nearby Round Lake and Grayslake stations.
What it’s actually like to live here
Cranberry Lake is a practical, commuter-oriented neighborhood for buyers who want a newer-than-average home, from the late 1990s and early 2000s, at the more attainable end of the Lake County market. The layout, with sidewalks, street lights, a neighborhood park, and trails wrapping a real lake, gives it a settled, walkable feel, and the mix of townhomes and single-family homes means a household can often move up or downsize without leaving the subdivision. For anyone commuting toward Chicago or the Lake County job centers, the nearby Metra MD-N stations at Round Lake and Grayslake, plus the Route 120 and 134 road network, are the headline conveniences.
The tradeoffs are honest ones. This is far-north Lake County, so the commute to the city by car or rail is long, and daily errands mean driving the Route 120 and Rollins Road corridors rather than walking to a downtown. Lake County's property-tax rates are among the steepest in the state, which raises the true monthly cost of ownership above what the sticker price alone suggests. And because much of the attached product carries HOA assessments and parking and maintenance rules, buyers should read the association documents closely to understand what is covered and what is restricted.
For the right buyer, the value proposition is clear: a lakeside, park-served neighborhood with genuine transit access, everyday shopping close at hand, and a home that costs less than comparable stock in the more expensive southern Lake County suburbs. It rewards buyers who prioritize space and price per square foot over a marquee school-district label or a short commute, as long as they confirm the exact school assignment and the association terms before they buy.
The questions buyers actually ask
Cranberry Lake FAQ
The questions I get most from buyers shopping Cranberry Lake. If yours isn't here, text 224-385-8779, same-day reply.
- How much is the HOA?
- townhomes and condos are $300 per month.
- What does the HOA actually cover?
- Cranberry Lake has homeowners and condominium associations governing the attached townhome and condo sections, with monthly assessments generally clustered in the high-$200s to about $400 per month; detached single-family homes may carry little or no HOA. Assessments on the attached product typically cover common-area and exterior items such as landscaping, snow removal on shared drives, master insurance on the structures, and reserves, with parking rules enforced. Confirm the current dues, precise inclusions, and management for the specific building against the seller's disclosure and current association documents.
- What are property taxes like?
- Roughly $5,000 – $7,500 per year, depending on home size and value. Lake County assessor records are the source of truth. Happy to pull a specific bill on any home you're considering.
- When was Cranberry Lake built?
- Deer Point Homes built the community between 1999 and 2004. Deer Point Homes stopped new construction in 2004, so every sale today is a resale.
- 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.
- What kinds of homes are in Cranberry Lake?
- A mix of attached townhomes and rowhomes plus detached single-family homes, several structured as condominiums, all built by Deer Point Homes in roughly 1999 to 2004. Floor plans run from compact townhomes up to larger single-family homes.
- Is there really a Cranberry Lake, or is it just a marketing name?
- It is a real lake. Cranberry Lake is a natural glacial lake of about 17.5 acres on the east edge of the community and is the headwaters of the Round Lake watershed, with an adjacent Cranberry Lake Park run by the Round Lake Area Park District.
- What school district serves Cranberry Lake?
- The neighborhood is in the western part of Hainesville, served by Round Lake Community Unit School District 116, a K-12 unit district, with schools such as W. J. Murphy Elementary, John T. Magee Middle School, and Round Lake Senior High School. Hainesville is split, and the east side feeds Grayslake districts, so confirm the exact assignment for a specific address before relying on it.
- Is there an HOA, and what does it cover?
- The attached townhome and condo sections have associations with monthly dues, generally in the high-$200s to about $400 per month, typically covering exterior and common-area upkeep, landscaping, snow removal on common drives, master insurance, and reserves, with parking rules enforced. Detached single-family homes may carry little or no HOA. Always verify the current dues, inclusions, and rules against the association documents for the specific unit.
- How is the commute and what is nearby?
- Metra's Milwaukee District North line serves the area through the nearby Round Lake and Grayslake stations for trips toward Chicago, and Routes 120 and 134 connect to the wider road network. Everyday shopping, grocery, and dining are concentrated along the Rollins Road and Route 120 corridors, with Advocate Condell Medical Center in Libertyville as the area hospital.
- What do homes cost here and how is the market?
- Cranberry Lake generally sits at the more attainable end of the Lake County market, spanning smaller townhomes up through detached single-family homes. Because prices move with the market, see the live Market snapshot on this page for current, accurate figures rather than a single quoted number.
- Who is the real estate agent for Cranberry Lake?
- Joe Keegan is the local licensed Illinois real estate broker who covers Cranberry Lake in Hainesville, 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 Cranberry Lake 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 Cranberry Lake
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
- Hainesville specialist
- Honest local market take
- Brokerocity
Market snapshot
Cranberry Lake, 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
$297,000
Typical sale price · last 90 days
$239,900
Avg time on market
7 days
Sold in the last year
13
This representation is based in whole or in part on data supplied by Midwest Real Estate Data, LLC for the period August 4, 2025 through August 4, 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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Schools serving Cranberry Lake
Where Cranberry Lake homes go to school
Homes in Cranberry Lake are most often zoned to Round Lake HS. Open a school to see its area, the district, and every home for sale that feeds it.
School assignment is derived from the school the MRED listing agent entered and is not a guarantee. Always verify current attendance boundaries with the district before writing an offer.
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