New Lenox · Will County · IL
Homes for sale in
Lakes Park.
- Active listings
- 11
- Median list
- $515K
- Avg time on market
- 65 days
- Sold · last year
- 1
Active listings
11 homes on the market
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About the community
A brand-new Lennar community around an onsite lake.
Lakes Park is an actively selling, brand-new-construction community in New Lenox, built by Lennar and delivering homes in the 2025 and 2026 window. It offers a mix of single-family homes and townhomes on a build-out plan, with a real onsite lake and multi-use trails at its center. New Lenox is a Will County village about 30 miles south of downtown Chicago with a long-standing reputation for family living, strong schools, and good highway and Metra access, and Lakes Park is positioned for buyers who want a turnkey new home in that setting.
At a glance
Brand-new Lennar homes
Actively selling single-family homes and townhomes delivering in 2025 and 2026, so much of the community is still building out.
Onsite lake and trails
Lennar confirms an onsite lake and multi-use trails at the heart of the community.
Homes and townhomes
Single-family plans roughly 1,866 to 2,600-plus sqft, plus 3-bed, 2.5-bath townhomes.
Everything's Included
Lennar's bundled-spec approach, so features come packaged rather than optioned one by one.
Frankfort 157-C and Lincoln-Way
Builder-listed assignment is Frankfort CCSD 157-C for grade school and Lincoln-Way East for high school; confirm by homesite.
I-80 and Metra
I-80 runs through New Lenox and the Metra Rock Island line serves a New Lenox station toward LaSalle Street.
Silver Cross Hospital
The full-service Silver Cross Hospital is located in New Lenox.
What’s close
Lakes Park sits in the southern part of New Lenox, near the Frankfort border north of Laraway Road, with I-80 the main commuter artery.
- Highway
- I-80 runs east-west through New Lenox, with I-355 (Veterans Memorial Tollway) reachable to the north and Route 30 the main retail spine.
- Train
- The Metra Rock Island District line serves a New Lenox station toward Chicago's LaSalle Street Station.
- Shopping
- Everyday retail and grocery run along Route 30 in New Lenox, with larger shopping toward Mokena and Orland Park.
- Hospital
- Silver Cross Hospital, a full-service hospital, is in New Lenox near the I-355 and Route 6 area.
- Recreation
- The community's onsite lake and trails, plus parks and programs from the New Lenox Community Park District.
- Schools
- Builder-listed Frankfort CCSD 157-C for elementary and middle and Lincoln-Way East High School (District 210); confirm by homesite.
What it’s actually like to live here
Lakes Park fits buyers who want a brand-new home with minimal near-term maintenance in a village with a long-standing reputation for good schools and family living. The onsite lake and trail network give it a calmer, walk-outside-your-door feel rather than a resort-amenity vibe, and Lennar's Everything's Included approach appeals to buyers who prefer a predictable, bundled spec over choosing every upgrade. The mix of townhomes and single-family homes makes it accessible to first-time buyers, right-sizers, and move-up families alike.
The honest tradeoffs start with the fact that this is a work in progress. Buying early in a build-out means living alongside active construction, evolving landscaping, and streets and amenities that are still being finished, and it means less certainty about the final community feel than an established neighborhood offers. Property taxes in New Lenox and Will County are high relative to the national norm, and new construction is typically reassessed to full value after completion, so an early partial-year tax figure will not reflect the finished home.
The other item to nail down is schools. New Lenox's reputation is strong, but this community sits near the Frankfort boundary, and the builder itself lists Frankfort 157-C grade schools with Lincoln-Way East for high school rather than New Lenox District 122. For a school-motivated buyer that distinction matters, so confirm the exact assignment by homesite. On commuting, the combination of I-80 and the Metra Rock Island line gives real flexibility, though rush-hour I-80 congestion is a well-known local reality.
Market trends
Why this market moves the way it does
Lakes Park is an active new-construction community, so the builder sets the pace: base prices, included features, and quick-move-in inventory drive the market more than resale comps. Value tracks the plan you choose, the lot, and the timing within the build-out rather than the age-and-condition story that governs older neighborhoods.
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.
- Plan and product type
- Single-family Horizon plans and the Traditional townhomes serve different budgets and buyers.
- Lot and water position
- Homesites on or near the onsite lake and trails tend to be more desirable.
- Build-out timing
- Buying early versus late in the phasing affects both price and how finished the surroundings feel.
- Included features
- Lennar's bundled Everything's Included spec sets a consistent baseline that resales later price against.
- New Lenox demand
- The village's schools, hospital, and I-80 and Metra access support steady buyer interest.
Real talk
Who shouldn’t buy here
Here is the honest version before you tour.
Do not trust an old tax number on a new home. Newly built houses are commonly reassessed to full value after completion, so an early land-only or partial-year bill understates the real cost, and new subdivisions can carry Special Service Area assessments. Confirm the parcel's assessment, exemptions, and any SSA with the Will County Assessor before budgeting.
Confirm the schools by homesite. The builder lists Frankfort 157-C grade schools and Lincoln-Way East, not New Lenox District 122, because this community sits near the Frankfort line. If schools drive your decision, verify the exact assignment for the specific lot in writing.
You are buying into a work in progress. Expect construction traffic, unfinished landscaping, and an evolving streetscape for a while, and read the HOA covenants, budget, and reserves so you know what is maintained and what is not.
One piece of advice
“Lakes Park gets you a brand-new Lennar home with a lake and trails in New Lenox, a village people move to on purpose. The things to pin down are the ones that bite new-construction buyers: get the fully-assessed tax picture and any SSA, confirm the Frankfort 157-C and Lincoln-Way assignment for your exact homesite, and read the HOA documents. Handle those and a turnkey new home in a well-regarded village is an easy fit.”
The questions buyers actually ask
Lakes Park FAQ
The questions I get most from buyers shopping Lakes Park. If yours isn't here, text 224-385-8779, same-day reply.
- How much is the HOA?
- Single-family homes are $196 per month.
- What does the HOA actually cover?
- Lakes Park is an HOA community with dues reported around $196 per month; confirm the current amount by home type with Lennar or the management company. For the townhome product, dues typically cover common areas, the pond and detention, the trails, and exterior and landscape maintenance; single-family coverage is usually lighter (common areas, pond, entrance). Request the covenants, budget, and reserve study before writing an offer.
- What are property taxes like?
- Roughly $9,000 – $15,000 per year, depending on home size and value. Will County assessor records are the source of truth. Happy to pull a specific bill on any home you're considering.
- When was Lakes Park built?
- Lennar built the community between 2025 and 2026.
- 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.
- Who builds Lakes Park and is it really new construction?
- Lakes Park is built by Lennar and is an actively selling, brand-new-construction community with homes delivering in the 2025 and 2026 timeframe. Village of New Lenox development records list T.J. Cachey Builders as the land developer of the subdivision.
- Are there actual lakes or ponds, or is it just a name?
- There is a real water feature. Lennar's community page confirms an onsite lake and multi-use trails, and marketing references walking trails with pond views. Confirm the exact water-feature and trail layout on the current site plan.
- What kinds of homes are available?
- Single-family homes in Lennar's Horizon series, roughly 1,866 to 2,600-plus square feet with 3 to 4 bedrooms, and townhomes in the Traditional Townhomes series, roughly 1,767 to 1,840 square feet with 3 bedrooms and 2.5 baths.
- What schools would my kids attend?
- The builder lists Chelsea Elementary and Hickory Creek Middle School in Frankfort CCSD 157-C, and Lincoln-Way East High School in Lincoln-Way District 210. Note this is Frankfort 157-C, not New Lenox District 122. Assignments can vary by homesite, so confirm your exact address with the districts before relying on it.
- Is there an HOA and what does it cover?
- Yes, Lakes Park is an HOA community with dues reported around $196 per month; verify the current amount by home type with Lennar. Dues typically cover common areas, the pond and detention, and the trails, plus exterior and landscape maintenance on the townhome product. Request the covenants, budget, and reserve study before buying.
- What do homes cost and how is the market right now?
- Pricing and availability change frequently in an active new-construction community. See the live Market snapshot on this page for current figures, and contact the Lennar Welcome Home Center for base prices and quick-move-in inventory.
- Who is the real estate agent for Lakes Park?
- Joe Keegan is the local licensed Illinois real estate broker who covers Lakes Park in New Lenox, 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 Lakes Park 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 Lakes Park
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
- New Lenox specialist
- Honest local market take
- Brokerocity
Market snapshot
Lakes Park, 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
$514,900
Typical sale price · last 90 days
$536,310
Homes for sale right now
11
Avg time on market
65 days
Sold in the last year
1
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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