Lake Villa · Lake County · IL
Homes for sale in
Venetian Village.
- Active listings
- 1
- Median list
- $695K
- Avg time on market
- 1 days
- Sold · last year
- 24
Active listings
1 home on the market
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About the community
A small-lake community in Lake Villa Township.
Venetian Village is an established, lake-oriented residential area in the southeast part of Lake Villa Township, in northwestern Lake County. It is largely unincorporated, so day-to-day services flow through Lake County and Lake Villa Township rather than a municipal government. The community clusters around several smaller glacial lakes, Sand Lake, Slough Lake, Lake Miltmore, and Fourth Lake, and its housing stock is notably varied, from early recreational cottages that were later winterized to post-war homes and newer infill. It reads as a quiet, close-knit, lake-cottage community rather than a manicured subdivision.
At a glance
Four small glacial lakes
The community sits around Sand Lake, Slough Lake, Lake Miltmore, and Fourth Lake.
Township beaches and launches
Lake Villa Township maintains beaches and boat launches on Lake Miltmore and Sand Lake; a township park sticker is required.
Wide range of home ages
Older lake cottages alongside post-war ranches and newer builds; condition and systems vary a lot.
Voluntary civic association
The Venetian Village Civic Association is a voluntary group with modest annual dues, not a mandatory covenant HOA.
District 41 and District 117
Generally Lake Villa CCSD 41 for elementary and middle and Lakes Community High School in CHSD 117; confirm by address.
Forest preserves nearby
Grant Woods and Sun Lake Forest Preserves offer trails, prairie, and wetland minutes away.
Metra from Lake Villa
The North Central Service line stops in Lake Villa, a longer Zone 4 ride into Union Station.
What’s close
Venetian Village sits along Route 83 in southeastern Lake Villa Township, with Route 132 (Grand Avenue) at the northern edge.
- Highway
- Route 83 runs the western edge; Route 132 (Grand Avenue) crosses the north and runs southeast toward Gurnee and I-94.
- Train
- The Metra North Central Service line stops at Lake Villa (129 Railroad Ave), Fare Zone 4, a longer ride into downtown with limited weekday frequency.
- Shopping
- Everyday retail in downtown Lake Villa and Lindenhurst, with larger stores in Round Lake Beach and toward Gurnee.
- Recreation
- Township beaches and boat launches on Miltmore and Sand Lake, plus Grant Woods and Sun Lake Forest Preserves.
- Hospital
- Regional hospital and emergency care is in the greater Gurnee, Grayslake, and Libertyville area; confirm nearest by drive time.
- Schools
- Lake Villa CCSD 41 for elementary and middle and Lakes Community High School (CHSD 117); confirm the exact assignment by address.
What it’s actually like to live here
Venetian Village appeals to buyers who want water at the doorstep without the price ceiling of the larger, marquee lakes. Daily life leans outdoors: fishing and small-boat use on Sand Lake and Lake Miltmore, walking and biking in the Grant Woods and Sun Lake forest preserves, and a genuine neighborhood culture organized in part by the volunteer civic association, which runs a community hall, a newsletter, and seasonal events. The vibe is quiet, established, and closer to a lake-cottage community than a planned subdivision.
The honest tradeoffs start with the housing stock. Because homes span the 1920s through the 2000s, condition varies widely, and older near-lake cottages can carry deferred maintenance, dated systems, well-and-septic setups, and expansion histories that call for a careful inspection and, in some cases, flood-zone and lake-frontage due diligence. Being largely unincorporated is a double-edged sword: residents avoid a municipal tax levy and municipal rules, but they rely on the county and township for roads, snow, and code matters rather than a city hall.
Commute and convenience are middle-of-the-road. The Metra North Central Service from Lake Villa reaches Chicago, but it is a longer, Zone 4 ride with more limited weekday service than the busier lines, so many residents drive or head to I-94 via Route 132. Shopping and dining are practical rather than upscale. For buyers who value lake access, forest preserves, and a quieter, more affordable footprint in northern Lake County, and who go in clear-eyed about older homes and unincorporated services, Venetian Village is a strong fit.
Market trends
Why this market moves the way it does
Venetian Village prices swing more than a uniform subdivision because the homes are so different from one another. A 1920s cottage, a 1970s ranch, and a 2000s build are three different products, and whether a home is truly lakefront, lake-access, or simply lake-area changes the number a lot. Condition and water rights are the whole story here.
What holds value
The fundamentals matter more than the cosmetics here. Buyers want floor plan, lot, and basement, in that order. Cosmetics are the tiebreaker.
- Lakefront vs. lake-area
- Genuine frontage or deeded lake access commands a real premium over a nearby home with neither.
- Condition and systems
- Winterized, updated homes with sound roofs, mechanicals, and septic beat charming-but-tired cottages.
- Vintage and footprint
- The 1920s-to-2000s range means age and size vary widely, and buyers pay for space and updates.
- Flood and shoreline factors
- Flood-zone status and shoreline condition can help or hurt value and insurability.
- Unincorporated cost profile
- No municipal levy can help the tax line, though Lake County rates remain high overall.
Real talk
Who shouldn’t buy here
Here is the honest version before you tour.
Verify the water before you fall for it. Do not assume a home is lakefront or has lake rights just because it is in Venetian Village. Confirm frontage, any lake-association membership, boat-launch and beach access, and horsepower limits for the specific property.
Many homes here are on well and septic and began as seasonal cottages. That means inspections matter more than usual: septic, well, foundation, and any additions all need a close look, and older near-lake structures can hide deferred maintenance.
Largely unincorporated does not mean cheap to own. Lake County carries one of the higher effective property-tax rates in the state, and services come from the township and county rather than a village. Confirm the composite rate and the service picture for the parcel.
One piece of advice
“Venetian Village is a real lake community at a friendlier price than the marquee chains, and that is its charm. The catch is that no two homes are alike, so the diligence is everything: confirm the actual water rights and access, inspect the septic, well, and any cottage additions hard, and pull the real tax picture for an unincorporated parcel. Buy the specific home with eyes open and it can be a genuinely special place to live.”
The questions buyers actually ask
Venetian Village FAQ
The questions I get most from buyers shopping Venetian Village. If yours isn't here, text 224-385-8779, same-day reply.
- What are property taxes like?
- Roughly $5,000 – $11,000 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.
- 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 Venetian Village in a city, and who provides services?
- Most of Venetian Village is unincorporated Lake Villa Township in Lake County, so roads, snow removal, and code enforcement come through the township and county rather than a municipal government. The township also runs local parks, beaches, and boat launches. Confirm your parcel's status by address.
- Is there an HOA, and what are the dues?
- There is no blanket mandatory HOA with enforced covenants for the whole community. Instead there is a voluntary Venetian Village Civic Association with modest annual dues that include a village sticker, and individual lakes such as Miltmore and Sand also have their own property owners associations. Confirm what, if anything, applies to a specific home.
- Which lakes are in Venetian Village, and can I get a boat on them?
- The community sits around Sand Lake, Slough Lake, Lake Miltmore, and Fourth Lake. Lake Villa Township maintains beaches and boat launches on Lake Miltmore and Sand Lake that require a township park sticker, and horsepower limits apply. Verify lake access rights for any specific property.
- What schools would my kids attend?
- Elementary and middle students are generally served by Lake Villa CCSD 41, and high schoolers typically attend Lakes Community High School in CHSD 117. Because the area is near several district boundaries, confirm the exact assigned schools by your address with the districts.
- How is the commute to Chicago?
- The Metra Lake Villa station is on the North Central Service line to Union Station, in Fare Zone 4 at roughly 48 miles out, which means a longer ride with more limited weekday service than the busier lines. Many residents also drive, using Route 132 to reach I-94 toward Gurnee.
- What do homes cost and how is the market here?
- Prices vary widely because the housing stock ranges from 1920s-era lake cottages to 2000s builds, and whether a home is lakefront matters a lot. Rather than rely on a stale number, see the live Market snapshot on this page for current pricing and activity in Venetian Village.
- Who is the real estate agent for Venetian Village?
- Joe Keegan is the local licensed Illinois real estate broker who covers Venetian Village in Lake Villa, 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 Venetian Village 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 Venetian Village
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
- Lake Villa specialist
- Honest local market take
- Brokerocity
Market snapshot
Venetian Village, 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
$695,000
Typical sale price · last 90 days
$287,500
Homes for sale right now
1
Avg time on market
1 days
Sold in the last year
24
This representation is based in whole or in part on data supplied by Midwest Real Estate Data, LLC for the period August 9, 2025 through August 9, 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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