Round Lake · Lake County · IL
Homes for sale in
Lakewood Grove.
- Active listings
- 1
- Median list
- $490K
- Avg time on market
- 19 days
- Sold · last year
- 27
Active listings
1 home on the market
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About the community
A mid-2000s master-planned community on the south side of Round Lake.
Lakewood Grove is a master-planned community on the south and southwest side of Round Lake in Lake County, built out during the mid-2000s by Lakewood Homes, a Chicago-area production builder. It is a mixed-product neighborhood of single-family detached homes plus paired homes, townhomes, and condo-style units, laid out with curvilinear streets, sidewalks, ponds, and open space. Residents get a community clubhouse and pool plus the on-site Lakewood Grove Park, and the broader Round Lake Area Park District adds a depth of recreation that punches above the community's price point. The Round Lake Metra station on the Milwaukee District North line is close by for a one-seat ride downtown.
At a glance
Clubhouse and pool
A neighborhood clubhouse and outdoor community pool for residents.
Mixed housing product
Single-family detached homes plus paired homes, townhomes, and condo-style units.
Lakewood Grove Park
A 12.78-acre park inside the community with a playground, soccer field, and picnic shelter.
Round Lake Metra
The Milwaukee District North station at Route 134 and Cedar Lake Road runs directly to Union Station.
Ponds and trails
Small lakes, walking and bike trails, sidewalks, and open green space throughout.
Built mid-2000s by Lakewood Homes
A fully established community developed roughly 2003 to 2007.
Round Lake Area Park District
An aquatics center, a large indoor sports center, golf, and dozens of parks nearby.
Round Lake CUSD 116
Served by the K through 12 unit district. Confirm the exact schools by address.
What’s close
Lakewood Grove sits on the south and southwest side of Round Lake near Route 60 and Cedar Lake Road, with the Round Lake Metra station and Rollins Road retail a short drive away.
- Amenities on-site
- The community clubhouse and pool, trails, ponds, and Lakewood Grove Park.
- Recreation
- The Round Lake Area Park District, with an aquatics center, indoor sports center, and golf.
- Train
- The Round Lake Metra station (Milwaukee District North line) at Route 134 and Cedar Lake Road to Union Station.
- Shopping
- The Rollins Road and Route 83 corridor in neighboring Round Lake Beach for everyday retail and groceries.
- Highways
- Route 60 and Route 83 feed the area; this is an exurban location with arterial highway access.
- Schools
- Round Lake Area Community Unit School District 116, a K through 12 unit district.
What it’s actually like to live here
Lakewood Grove is a settled, walkable, family-first community that delivers a lot of house and a lot of green space for the money in the far-north Lake County market. The mix of detached homes, paired homes, and townhomes attracts a genuine cross-section, from first-time buyers and young families in the attached product to move-up families in the larger single-family plans. Sidewalks, streetlights, ponds, a clubhouse and pool, and the on-site Lakewood Grove Park make day-to-day life easy for households with kids and dogs.
The location is a real convenience story for commuters who value rail. The Round Lake Metra station on the Milwaukee District North line is minutes away, giving a one-seat ride to downtown Chicago without a car, and the Rollins Road retail corridor in Round Lake Beach covers everyday shopping and groceries nearby. For buyers who want a suburban footprint, a yard, and transit access without paying closer-in Lake County premiums, the trade works in their favor.
The honest tradeoffs are worth stating plainly. Lake County property taxes are high, and Round Lake sits at the upper end of the county's effective-rate range, so budget for that carrying cost from day one. This is an exurban location, so highway access is via arterial roads rather than an immediate expressway ramp, and the drive to major job centers or a full-service hospital is a genuine drive. Because the community mixes detached and attached homes, HOA obligations differ a lot from one home to the next, and school attendance boundaries here deserve a direct check with the district rather than an assumption.
The questions buyers actually ask
Lakewood Grove FAQ
The questions I get most from buyers shopping Lakewood Grove. If yours isn't here, text 224-385-8779, same-day reply.
- How much is the HOA?
- Single-family homes are $35 per month.
- What does the HOA actually cover?
- Because the community mixes detached and attached homes, dues are tiered and vary widely by product type. Detached owners typically pay a modest master-association assessment, while townhome and condo owners pay higher monthly dues that also cover exterior upkeep. Coverage commonly includes landscaping, snow removal, common-area insurance, and access to the clubhouse and pool. Confirm the exact dues and inclusions for the specific home in the seller's disclosure.
- What are property taxes like?
- Roughly $8,000 – $13,000 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 Lakewood Grove built?
- Lakewood Homes built the community between 2003 and 2007. Lakewood Homes stopped new construction in 2007, 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.
- Who built Lakewood Grove and when?
- It was built by Lakewood Homes, a Chicago-area production builder, during the mid-2000s, roughly 2003 to 2007. Lakewood Homes later wound down during the 2008 to 2009 housing downturn, so the community has been fully established for years.
- What kinds of homes are in Lakewood Grove?
- A mix: single-family detached homes plus attached homes (paired and duplex homes, townhomes, and condo-style units). Sizes run from compact attached plans up to larger detached homes, generally with 2 to 5 bedrooms.
- Is there an HOA, and what does it cover?
- Yes. Dues are tiered by home type. Detached-home owners typically pay a modest master-association assessment, while townhome and condo owners pay higher dues that also cover exterior maintenance. Coverage commonly includes landscaping, snow removal, common-area insurance, and the clubhouse and pool. Confirm your specific home's dues in the seller's disclosure before you buy.
- What schools serve Lakewood Grove?
- The community is served by Round Lake Area Community Unit School District 116, a K through 12 unit district. Specific school assignment can vary by address near the Route 60 corridor, so confirm the exact schools for a given home using the district's boundary lookup before relying on it.
- How is the commute? Is there a train?
- Yes. The Round Lake Metra station on the Milwaukee District North line, at Route 134 and Cedar Lake Road, is close by and runs directly to downtown Chicago's Union Station, with hundreds of parking spaces and Pace bus connections. Note this is an exurban location, so highway access is via arterial roads rather than an immediate expressway ramp.
- What do homes cost here and how is the market?
- Pricing is attainable for the Lake County market, with larger detached homes reaching the area's upper-middle tier. Rather than quote a number that goes stale, see the live Market snapshot on this page for current prices, availability, and how quickly homes are moving.
- Who is the real estate agent for Lakewood Grove?
- Joe Keegan is the local licensed Illinois real estate broker who covers Lakewood Grove in Round Lake, 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 Lakewood Grove 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 Lakewood Grove
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
- Round Lake specialist
- Honest local market take
- Brokerocity
Market snapshot
Lakewood Grove, 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
$490,000
Typical sale price · last 90 days
$380,000
Homes for sale right now
1
Avg time on market
19 days
Sold in the last year
27
This representation is based in whole or in part on data supplied by Midwest Real Estate Data, LLC for the period August 3, 2025 through August 3, 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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