Round Lake · Lake County · IL
Homes for sale in
Madrona Village.
- Active listings
- 3
- Median list
- $275K
- Avg time on market
- 33 days
- Sold · last year
- 13
Active listings
3 homes on the market
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About the community
A quiet, nature-adjacent 2000s neighborhood on the south side of Round Lake.
Madrona Village is a 2000s-era planned subdivision on the south side of the Village of Round Lake, in Lake County, off Route 120 between Cedar Lake Road and Curran Road. Developed largely by Concord Homes, with Lennar also building here, it is a mixed-product community of detached single-family homes plus attached townhomes and duplex-style units, built mostly in the early to mid 2000s. Its character is suburban and family-oriented, with well-kept homes, sidewalks, and a notable amount of surrounding open space, wetlands, small ponds, and an elementary school sited right inside the neighborhood.
At a glance
Mixed 2000s housing
Detached single-family homes plus attached townhomes and duplex-style units, built mostly early to mid 2000s and move-in ready.
School inside the neighborhood
Park School sits within the subdivision, connected by a walking and bike trail.
Ponds, wetlands, and trails
Natural areas, small ponds, a large park with a playground and gazebo across the street, and walking paths.
Grayslake-area schools
Sources point to CCSD 46 and Grayslake Central High District 127, not Round Lake 116. Confirm by address.
Round Lake Metra nearby
The Round Lake station on the Milwaukee District North line is a short drive, running to Union Station in Chicago.
Special Service Area
The neighborhood sits in a municipal Special Service Area that can add a line item to the tax bill.
What’s close
Madrona Village sits on the south side of Round Lake off Route 120, between Cedar Lake Road and Curran Road.
- Schools
- Sources point to the Grayslake attendance area: Park School (inside the neighborhood) in CCSD 46, feeding to Grayslake Central High School in District 127, not Round Lake 116. Confirm by address.
- Highway
- Route 120 runs along the north edge, with I-94 roughly a 20-minute drive east toward Chicago.
- Train
- The Round Lake station on Metra's Milwaukee District North line is a short drive, running to Union Station, with Pace bus connections.
- Parks
- In-neighborhood parks, ponds, wetlands, and trails, plus Round Lake Area Park District facilities and nearby forest preserves.
- Shopping
- Everyday retail along Route 120, with regional shopping at Gurnee Mills and Hawthorn Mall in Vernon Hills.
- Hospital
- An Advocate Condell Immediate Care sits in Round Lake Beach, with full-service hospitals in Libertyville and Waukegan.
What it’s actually like to live here
Madrona Village reads as a quiet, nature-adjacent family neighborhood rather than a flashy amenity community. Its strongest selling point is setting: wetlands, small ponds, walking and bike trails, and a big park with a playground and gazebo directly across the street, all feeding into an elementary school that sits right in the middle of the subdivision so kids can walk to class. The surrounding open space and nearby Chain O'Lakes recreation give the area a genuinely outdoorsy character, and the early-2000s homes are move-in product, so buyers get newer construction and low-maintenance layouts without the cost or work of a rehab.
Day to day, the neighborhood is a car-oriented, outer-suburban location, but the Metra Milwaukee District North line gives a real commuting option into Chicago and I-94 is about 20 minutes east. Everyday shopping along Route 120 covers the basics, with larger retail, dining, and full-service hospitals a drive to Gurnee, Vernon Hills, Libertyville, or Waukegan.
The honest tradeoffs start with taxes and the school question. Lake County property taxes are high, and Madrona Village sits in a municipal Special Service Area that can add to the bill, so the monthly carrying cost runs above what the sticker price alone suggests. And because Round Lake straddles several school districts, buyers frequently assume the whole village is Round Lake 116, but this subdivision has historically fed the Grayslake districts. Any buyer for whom schools matter should verify the exact assignment for the specific address before writing an offer rather than relying on the city name.
The questions buyers actually ask
Madrona Village FAQ
The questions I get most from buyers shopping Madrona Village. If yours isn't here, text 224-385-8779, same-day reply.
- What does the HOA actually cover?
- Madrona Village has a homeowners association, and because the community blends detached and attached homes, dues vary widely by home type. Detached-home assessments generally cover common-area and stormwater pond maintenance, entrance and common landscaping, and administration, while attached-home assessments typically add exterior building maintenance, private drive upkeep, snow removal, and master insurance. Confirm the current dues and coverage for the specific home type and sub-association before purchase.
- What are property taxes like?
- Roughly $6,000 – $11,000 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.
- 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 do homes cost in Madrona Village, and how is the market?
- It is a mid-priced Lake County community with attached townhomes at the more affordable end and detached single-family homes at the higher end. Rather than quote a figure that goes stale, check the live Market snapshot on this page for current prices, inventory, and how quickly homes are selling.
- Is there an HOA, and what does it cost?
- Yes. Dues vary a lot by home type. Detached owners pay a modest assessment mainly for common areas, ponds, and landscaping, while attached townhome and duplex owners pay more because it also covers building exteriors, snow removal, private drives, and master insurance. Confirm the exact dues and inclusions for the specific unit and sub-association.
- What schools serve Madrona Village?
- Based on available sources, the neighborhood is in the Grayslake attendance area: Park School (inside the subdivision) in CCSD 46, feeding to Grayslake Central High School in District 127, not Round Lake District 116. Because Round Lake spans several districts, confirm the assignment for your exact address before relying on it.
- How is the commute to Chicago?
- The Round Lake Metra station on the Milwaukee District North line is only a few minutes away and runs to Union Station downtown, though it is a longer ride from this far out. By car, I-94 is roughly 20 minutes east. It is a car-oriented location overall.
- Are property taxes high?
- Lake County taxes are high generally, and this area runs in the mid-to-high 2 percent effective range of market value. Madrona Village also sits in a municipal Special Service Area that can add a line item, so budget accordingly and verify the exact amount on the county parcel record for the specific home.
- What kinds of homes are available?
- A mix. Detached single-family homes generally run three to five bedrooms with two- or three-car garages, plus attached townhome and duplex-style units at smaller sizes. All are early-2000s construction, so they are relatively newer and move-in ready.
- Who is the real estate agent for Madrona Village?
- Joe Keegan is the local licensed Illinois real estate broker who covers Madrona Village 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 Madrona Village 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 Madrona Village
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
Madrona Village, 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
$275,000
Typical sale price · last 90 days
$335,000
Homes for sale right now
3
Avg time on market
33 days
Sold in the last year
13
This representation is based in whole or in part on data supplied by Midwest Real Estate Data, LLC for the period August 10, 2025 through August 10, 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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What's your home actually worth?
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Schools serving Madrona Village
Where Madrona Village homes go to school
Homes in Madrona Village are most often zoned to Grayslake Central HS. Open a school to see its area, the district, and every home for sale that feeds it.
School assignment is derived from the school the MRED listing agent entered and is not a guarantee. Always verify current attendance boundaries with the district before writing an offer.
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