$549,000
$649,900 · just reduced
Lakewood, IL 60014
A Rare Opportunity on 3.25 Private Acres with Your Own Pond! Discover a property that's increasingly difficult to find-3.25 picturesque acres featuring a private pond, mature trees, and room to enjoy the outdoors in complete privacy, all while remaining close to shopping, dining, and everyday conveniences. Whether you envision peaceful mornings overlooking the water, fishing from your own shoreline, entertaining family and friends, or creating the private estate you've always wanted, this property offers a setting that simply can't be duplicated. The spacious 2,600+ square foot home provides generous living areas, a flexible floor plan, and solid bones, making it the perfect opportunity to update and customize to your own style. Rather than paying a premium for someone else's renovation choices, you'll have the chance to create a home that reflects your vision while enjoying one of the area's most desirable lots. For added peace of mind, the seller is including a comprehensive one-year whole-home warranty, helping protect many major systems and appliances after closing. Properties with acreage, water frontage, and this level of privacy rarely become available in Lakewood. If you've been searching for a home where the land is every bit as impressive as the house, this is your chance to create something truly special. Bring your ideas, your vision, and imagine the possibilities. Opportunities like this don't come along often.
Estimated monthly cost for this home
$4,136/mo
Estimate only, not a quote or offer of credit. Rate starts from today's market rate (6.58%, 2026-07-23). Taxes from the listing's MRED record. Talk to a lender for real numbers; a Subdiview agent can introduce you to a good one.
| Current price | $549,000▼ $100,900 from original |
| Listed Apr 2, 2026 | $649,900 |
| 2024 property taxes | $14,115/yr |
From the listing's MRED record. MRED does not publish per-change dates through IDX, so price changes are shown without one rather than guessed.
Assigned schools per the listing's MRED record. Always verify with the district before you buy.
Elementary
West Elementary School
47
Middle
Richard F Bernotas Middle School
47
High school
Crystal Lake Central High School155
See programs, enrollment & homes near this school →
MRED Broker ReciprocityThis listing is part of the MRED data exchange program provided courtesy of Berkshire Hathaway HomeServices Starck Real Estate, listed by James Pellegrino.
Information last updated Jul 18, 2026, 8:43 AM.
7517 Pheasant Drive
Lakewood, IL 60014

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Call 224-385-8779Sourced from the MRED MLS feed. Last updated when the listing was modified.