Lake Zurich · Lake County · IL
Homes for sale in
Knollwood.
- Active listings
- 1
- Median list
- $254K
- Avg time on market
- 2 days
- Sold · last year
- 6
Active listings
1 home on the market
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About the community
A settled 1970s neighborhood on the west side of Lake Zurich.
Knollwood is an established residential neighborhood on the west side of Lake Zurich, in Lake County, that took shape in the 1970s. It is a mixed-housing neighborhood: single-family detached homes alongside attached townhome and condo units, on streets like Geneva Lane, Hunters Lane, and Aspen Court. This is the Lake Zurich Knollwood, a distinct place from the unincorporated Knollwood near Lake Bluff on the east side of the county. Buyers come for an established Lake Zurich address without a new-construction price tag, the well-regarded Lake Zurich District 95 schools, and the lake-town lifestyle the village is built around.
At a glance
Single-family and attached
A mix of 1970s detached homes and attached townhome or condo units. Confirm the type by address.
Established 1970s streets
Grown-in trees and a settled, walkable street grid rather than new construction.
Lake Zurich District 95
Reported assignment is Seth Paine Elementary, Lake Zurich Middle School North, and Lake Zurich High School. Confirm by address.
Village lakefront
As Lake Zurich residents, owners can buy a beach and boat pass at the village's Paulus Park on the lake.
Rand Road and Route 22
US-12 (Rand Road) and Illinois Route 22 are the main connectors toward Barrington and the Tri-State corridor.
Shopping nearby
The Rand Road corridor in Lake Zurich plus larger shopping in Deer Park and Barrington.
Car-first commute
There is no Metra station in Lake Zurich, so rail commuters drive to a nearby station such as Barrington.
What’s close
Knollwood sits on the west side of Lake Zurich, in the area south of Honey Lake Road and west of Route 12, close to the Rand Road corridor and the village lakefront.
- Lakefront
- The Village of Lake Zurich's Henry J. Paulus Park, with a sandy swimming beach, picnic areas, and non-motorized boating for residents by pass.
- Shopping
- The Rand Road (US-12) corridor in Lake Zurich, with additional shopping in Deer Park and Barrington.
- Hospital
- Advocate Good Shepherd Hospital in nearby Barrington, a short drive west.
- Highway
- US-12 (Rand Road) and Illinois Route 22 (Half Day Road), the neighborhood's primary connectors.
- Schools
- Lake Zurich Community Unit School District 95 for all grades. Confirm the assigned elementary and middle school by address.
- Train
- No Metra station in Lake Zurich. Commuters drive to nearby stations such as Barrington on the Union Pacific Northwest line.
What it’s actually like to live here
Knollwood suits buyers who want an established Lake Zurich address without a new-construction price tag. The neighborhood grew up in the 1970s, so the trade is character over newness: mature trees, settled streets, and mid-size floor plans, balanced against the reality that homes of this vintage often reward updating in the kitchen, baths, and mechanicals. Because the housing mix includes both detached homes and attached townhome or condo units, the neighborhood tends to draw a range of buyers, from first-time and right-sizing owners into the attached homes to families targeting the District 95 schools in the detached homes.
Day to day, life here is built around the village rather than a private clubhouse. The big draw is Lake Zurich itself: as village residents, owners can buy a beach pass for Paulus Park's sandy swimming beach, launch a kayak or paddleboard with a non-motorized permit, and use the village's parks, ball fields, and summer concerts. Downtown Lake Zurich and the Rand Road corridor put groceries, restaurants, and services minutes away, with bigger shopping in Deer Park and Barrington close by.
The honest counterpoints are commuting and taxes. There is no Metra in Lake Zurich, so a Chicago or suburban office commute means driving to a park-and-ride station first, and traffic on Rand Road can be heavy at peak times. Lake County property taxes run high, which buyers should underwrite up front. For most Knollwood buyers, the schools, the lake-town lifestyle, and the relative affordability within Lake Zurich are what balance the ledger.
The questions buyers actually ask
Knollwood FAQ
The questions I get most from buyers shopping Knollwood. If yours isn't here, text 224-385-8779, same-day reply.
- What are property taxes like?
- Roughly $6,000 – $10,000 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 Knollwood single-family homes or townhomes?
- Both. Public real-estate data describes Knollwood as a mixed neighborhood of single-family detached homes plus attached townhome and condo units. Ask about a specific address to know which you are buying.
- When were the homes built?
- Primarily in the 1970s, with the neighborhood established around 1973. Some records show later homes, so confirm the exact year built on the listing for a specific property.
- Is there an HOA, and what are the dues?
- It depends on the home. The attached townhome and condo units have an association with a monthly fee, while the detached single-family homes may have little or no mandatory HOA. Verify the exact amount and what it covers with the listing or management company for the specific property.
- Does Knollwood come with lake rights or private beach access?
- Not that we can confirm, and you should not assume so. Knollwood is mapped inland, west of Route 12. As Village of Lake Zurich residents, owners can purchase a beach and boat pass at Paulus Park like other residents. If a listing advertises deeded lake or beach rights, verify it in that home's documents.
- What schools would my kids attend?
- Knollwood is in Lake Zurich Community Unit School District 95. Homes here are typically assigned to Seth Paine Elementary, Lake Zurich Middle School North, and Lake Zurich High School. Because boundaries are set by address and can change, confirm the assignment for a specific home with the district.
- How is the commute; is there a train?
- There is no Metra station in Lake Zurich. Most commuters drive to a nearby Metra station, with Barrington a common choice, or drive to work via US-12 (Rand Road) and Route 22. Plan for a car-first lifestyle.
- Who is the real estate agent for Knollwood?
- Joe Keegan is the local licensed Illinois real estate broker who covers Knollwood in Lake Zurich, 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 Knollwood 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 Knollwood
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 Zurich specialist
- Honest local market take
- Brokerocity
Market snapshot
Knollwood, 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
$254,000
Homes for sale right now
1
Avg time on market
2 days
Sold in the last year
6
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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