Homes for sale in
Oakwood Hills.

The land that became Oakwood Hills was once part of a farm owned by the Anderson family, who in the 1920s ran a dairy operation in the Cary area. Around 1927 Arthur Anderson Jr. had a lake excavated and an earthen dam built, creating what was first called Anderson Lake and later renamed Silver Lake. In the late 1940s and early 1950s the farm was sold to developer Max Green, who subdivided it, and the Silver Lake area began life as a summer resort community of cottages, drawing people from Chicago to swim and fish in the clean lake among the rolling hills and giant oak trees. Those cottages were never intended to be permanent residences, and the early roads were rough clay and gravel.

During the 1950s young married couples began taking up permanent residence, and a group of determined residents concluded that incorporating as a village was the only way to finance lasting road improvements. The village was organized in 1958 and incorporated in February 1959, when the population was just 212. Through annexations between 1960 and 1971 and steady home construction in the 1970s, the village grew, later adding the Fawn Ridge development in 1988 and annexing the Chalet Golf Course in 1991, evolving from a cottage colony into an established residential village.