Lindenhurst · Lake County · IL
Homes for sale in
Falling Waters.
- Active listings
- 1
- Median list
- $320K
- Avg time on market
- 23 days
- Sold · last year
- 15
Active listings
1 home on the market
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About the community
A low-maintenance clubhouse townhome community in west Lindenhurst.
Falling Waters is an attached-townhome community on the west side of Lindenhurst, built by Town and Country from the late 1990s into the early 2000s and organized around a private clubhouse. The homes are two and three-bedroom townhomes with attached garages, and the association handles the exterior, so residents trade a monthly assessment for freedom from mowing, landscaping, and snow removal. Two things define it: the amenity package for a townhome community, and a school assignment in the well-regarded Millburn District 24 feeding Grayslake North.
At a glance
Private clubhouse
A community clubhouse with a party room, business center, and on-site management.
Pool + tennis
A community swimming pool with a sundeck, tennis, and an exercise room.
Attached townhomes
Two and three-bedroom townhomes by Town and Country, most with attached garages.
Millburn District 24
Elementary and middle grades in Millburn CCSD 24, feeding Grayslake North High School in District 127.
Low-maintenance living
The association covers exterior upkeep, landscaping, and snow removal.
Pet friendly
Dogs and cats are welcome, with walkable interior streets.
Route 45 access
Fronts Illinois Route 45, with Grand Avenue (Route 132) minutes to the south.
Metra North Central
Commuters use the Metra North Central Service from nearby Lake Villa toward Union Station.
What’s close
Falling Waters sits in west Lindenhurst along Illinois Route 45, just north of Grand Avenue (Route 132), the main east-west arterial through this part of Lake County.
- Amenities on-site
- The clubhouse, community pool and sundeck, tennis, exercise room, and business center.
- Shopping
- Grocery and retail along Grand Avenue in Lindenhurst and Lake Villa, with Gurnee Mills and big-box retail a short drive east.
- Hospital
- Advocate Condell Medical Center in Libertyville, plus hospitals in the Gurnee and Waukegan area.
- Highway
- Route 45 and Grand Avenue (Route 132) feed toward I-94 (the Tri-State) for the trip toward O'Hare and Chicago.
- Schools
- Millburn CCSD 24 for elementary and middle grades, then Grayslake North High School in District 127. Confirm the exact building by address.
- Train
- Metra North Central Service from nearby Lake Villa to Chicago Union Station, a lighter schedule than the busier Metra lines.
What it’s actually like to live here
Falling Waters suits buyers who want the space and privacy of a townhome without the upkeep of a detached house and yard. The clubhouse, pool, and tennis anchor a small-community feel, and the pet-friendly rules and walkable interior streets make it comfortable for dog owners and families. Everyday errands are easy: grocery and retail sit along Grand Avenue minutes away, and Gurnee's larger shopping and dining are a short eastbound drive.
The setting is classic far-north Lake County: quieter and greener than the closer-in suburbs, with forest preserves, the Lindenhurst Park District, and the regional Millennium Trail nearby for recreation. Commuters get flexibility, since Route 45 and Grand Avenue feed toward I-94 and the Metra North Central Service out of nearby Lake Villa offers a one-seat ride to Chicago, though that line runs fewer daily trains than Metra's busier routes.
The honest tradeoffs are worth stating plainly. This is attached townhome living, so you share walls and live under HOA rules and monthly dues, and interior sizes and finishes reflect a late-1990s to early-2000s build, so expect some updating on older units. Lake County's property tax rate is high, which affects total monthly cost even where the purchase price is attainable, and the far-north location trades quick access to the city core for space and value.
The questions buyers actually ask
Falling Waters FAQ
The questions I get most from buyers shopping Falling Waters. If yours isn't here, text 224-385-8779, same-day reply.
- How much is the HOA?
- Single-family homes are $243 per month.
- What does the HOA actually cover?
- This is an attached-townhome association, so monthly dues on listings have run roughly $243 to $432 depending on the floor plan and phase. Dues typically fund exterior and common-area maintenance, landscaping, snow removal, and the shared clubhouse, pool, and grounds. Confirm the exact current assessment and what it covers on the specific unit before you buy.
- What are property taxes like?
- Roughly $5,000 – $8,000 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.
- When was Falling Waters built?
- Town and Country built the community between 1998 and 2003. Town and Country stopped new construction in 2003, 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 kind of homes are in Falling Waters?
- Attached townhomes, most two and three bedrooms with attached garages, built primarily between 1998 and the early 2000s by Town and Country and organized around a private clubhouse.
- Is there an HOA and what does it cover?
- Yes. It is a mandatory townhome association with monthly dues that have run roughly $243 to $432 depending on the plan. Dues typically go toward exterior and common-area maintenance, landscaping, snow removal, and the shared clubhouse, pool, and grounds. Confirm the exact dues and inclusions on the specific unit.
- What schools serve Falling Waters?
- For this part of Lindenhurst, Millburn CCSD 24 for elementary and middle grades, feeding Grayslake North High School in District 127. Lindenhurst spans several districts, so verify the exact schools for a specific address with the districts before you rely on it.
- What amenities do residents get?
- A private clubhouse with a community pool and sundeck, tennis, an exercise room, a business center, and a party room. The community is pet friendly with walkable interior streets.
- How is the commute?
- Route 45 and Grand Avenue (Route 132) connect to I-94 and the wider Lake County road network, and the Metra North Central Service from nearby Lake Villa runs to Chicago Union Station. That line has a lighter schedule than Metra's higher-frequency routes.
- What do homes cost and how is the market?
- Pricing and availability change, so check the live Market snapshot on this page for current active listings, recent sales, and trends rather than a fixed figure. In character, Falling Waters is a low-maintenance, relatively attainable option for the area.
- Who is the real estate agent for Falling Waters?
- Joe Keegan is the local licensed Illinois real estate broker who covers Falling Waters in Lindenhurst, 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 Falling Waters 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 Falling Waters
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
- Lindenhurst specialist
- Honest local market take
- Brokerocity
Market snapshot
Falling Waters, 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
$319,900
Typical sale price · last 90 days
$260,250
Homes for sale right now
1
Avg time on market
23 days
Sold in the last year
15
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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