Lake Villa Homes under $500,000

Welcome to Lake Villa, Illinois—a charming gem nestled in the heart of Lake County. This picturesque town boasts a perfect blend of serene landscapes and vibrant community life, making it an ideal place for families, professionals, and retirees alike. With its stunning lakes, lush parks, and a welcoming atmosphere, Lake Villa offers a unique lifestyle that embraces both nature and convenience.

Lake Villa is known for its rich history and strong sense of community, with numerous local events and activities that bring residents together throughout the year. The town's proximity to major highways and the Metra train station makes commuting to Chicago and other surrounding areas a breeze. Enjoy the best of both worlds—small-town charm with easy access to urban amenities.

For those seeking a new home in this idyllic setting, Lake Villa presents an array of options under $500,000. Whether you're looking for a cozy single-family home, a modern townhouse, or a spacious split-level, you’ll find a variety of properties that cater to diverse tastes and budgets. Many homes feature beautiful yards, updated interiors, and easy access to local parks, schools, and shopping areas.

Imagine waking up to the tranquil sounds of nature, taking a leisurely stroll along the lakeshore, or enjoying a weekend barbecue in your backyard. With homes available at such attractive price points, your dream of living in Lake Villa can become a reality. Explore the opportunities this charming community has to offer and discover your perfect home today!

Newest Lake Villa Homes under $500,000

$409,000

3 Beds ⋅ 3 Baths ⋅ 12778793 MLS ⋅ NEW Status

FANTASTIC "WOODHILL ESTATES"!!! Open floor plan with 2 story entry way with abundance of natural light! Grand staircase with oak railings, hardwood floors, maple cabinets, ceramic tiled baths! Ceramic backsplash in kitchen and functional island. Wonderful family room is open to breakfast nook and kitchen. Slider to fenced landscaped yard, brick patio and plenty of room for gardening. Convenient FIRST FLOOR LAUNDRY! (washer/dryer apx 3yrs new). 3 good sized bedrooms upstairs with lots closets- Wonderful master suite with private bath and walk in closet. Separate tub and shower! Full finished basement is ideal for entertaining! Built in bar, TV room, tons storage,PINE TRIM AND DOORS! SUPER NICE! ATTACHED 2 CAR GARAGE! Quiet cul de sac location! Per owner, Roof is less than 5 yrs new, refinished hardwood floors, new carpet in basement, Furnace,central air both 10yrs or newer... Hot water heater 2 yrs new. Driveway 2 years new. New toliet in master bath. Interior of home recently painted and wood trim on exterior. SHOWS GREAT-PRICED TO SELL! CALL NOW!

821 Woodhill Court, Lake Villa

$269,000

3 Beds ⋅ 1 Baths ⋅ 12784076 MLS ⋅ NEW Status

Welcome to this spacious 3-bedroom, 1-bath ranch home! This move-in-ready home features brand-new hardwood flooring throughout the main living areas and new carpet in all three bedrooms. The updated kitchen offers beautiful quartz countertops and plenty of cabinet space. Freshly painted throughout, the home provides a bright and inviting atmosphere. Enjoy the charming front porch, perfect for relaxing or entertaining. Conveniently located in a great neighborhood, this home is an excellent opportunity for first-time buyers, downsizers, or investors. Don't miss your chance to make this wonderful home yours!

518 Rae Avenue, Lake Villa

$379,000

4 Beds ⋅ 2 Baths ⋅ 12779921 MLS ⋅ NEW Status

Discover the perfect blend of comfort, charm, and outdoor living in this ranch home nestled in a peaceful neighborhood on nearly an acre of land. Step inside, and you'll feel at home surrounded by abundant natural light and an open layout designed for effortless everyday living and entertaining. Gather around the cozy fireplace on chilly evenings or prepare your favorite meals in the well-appointed kitchen featuring ample counter space, abundant cabinetry, a new stainless-steel refrigerator, dishwasher, and a convenient breakfast bar perfect for serving guests. The spacious living area flows seamlessly through sliding glass doors to an expansive deck, creating the ideal setting for outdoor dining, relaxing, and enjoying nature. The generous yard, enhanced by a new cedar fence, offers endless possibilities for entertaining, gardening, play, or simply unwinding. At the end of your day, retreat to the brand-new primary suite, complete with a new private full bath and a spacious walk-in closet. Want to take relaxation to the next level? Step through the new sliding glass door and slip into your new hot tub for the ultimate end-of-day escape. The heated, oversized garage offers plenty of space for hobbies, projects, and storage. Enjoy the best of lake-area living with Miltmore Lake and Fourth Lake, just a short walk away! Located in highly regarded school districts, including Grayslake North High School, this home is also conveniently close to parks, shopping, dining, and quick I-94 access for an easy commute. Included: Generac whole-house generator. Ask for a list of what's been updated. Partial list-2/2025 In-duct air purification 4/2025-Electrical panel, blown-in insulation, primary suite, front door, washer/dryer; 7/2025: reverse osmosis water system, and more.

36748 N Oakwood Drive, Lake Villa

$375,000

3 Beds ⋅ 2 Baths ⋅ 12782962 MLS ⋅ NEW Status

Beautiful QUAD LEVEL home with custom features throughout house just too many to mention. Two garages makes for 4 parking spots. Their are ducks on the property but can be removed if buyer prefers. Come and see it today while the weather is still beautiful!

37244 N Capillo Avenue, Lake Villa

$230,000

2 Beds ⋅ 2 Baths ⋅ 12778858 MLS ⋅ ACTIVE Status

Discover peaceful living in Painted Lakes! This inviting 2-bedroom, 1.1-bath townhome features an open floor plan and comfortable living spaces designed for everyday living and entertaining. The primary bedroom offers a spacious walk-in closet, while the fully updated full bathroom upstairs, with heated floor, adds modern style and convenience. Enjoy easy access to nearby trails leading to forest preserves, as well as restaurants and schools. A 2-car attached heated garage provides exceptional convenience year-round. Step outside to the spacious patio and west-facing backyard, perfect for enjoying morning coffee, relaxing at sunset, or hosting friends and family. Recent updates include a new roof and siding in 2018, new windows in 2024, new carpeting on the second floor, and a fully updated upstairs bathroom. A wonderful opportunity to enjoy low-maintenance living in a peaceful community with convenient access to nature and everyday amenities!

1206 Tyler Court, Lake Villa

$475,000

4 Beds ⋅ 3 Baths ⋅ 12767624 MLS ⋅ ACTIVE Status

The big updates are already done! This beautifully maintained 4-bedroom/ 2.5 bath home sits in the sought-after Cedar Crossing neighborhood, surrounded by mature trees and bordered by a peaceful forest preserve. Move right in and enjoy! Recent updates include a new roof (November 2022), a new HVAC system and all-new stainless steel appliances (2025), a new sump pump (2026), new light fixtures throughout, and freshly finished hardwood floors in the living and family rooms. You'll feel the warmth the moment you walk in. The bright, welcoming foyer has hardwood floors that lead into spacious living and dining rooms. There's plenty of room here for everyday dinners, holiday get-togethers, and everything in between. The eat-in kitchen has stainless steel appliances, warm maple cabinetry, and a large island with room to cook, serve, and linger over coffee. The sunlit family room, with its cozy gas fireplace, is the spot to unwind at the end of a long day. A main-floor laundry room with washer, dryer, and plenty of storage. Upstairs, the primary suite is a true retreat, with walk-in closets and a private en-suite bath. Three more light-filled bedrooms share a well-appointed hall bath, so there's room for everyone, plus space for a home office, guest room, or hobby room. The unfinished basement is a blank canvas, ready for whatever you have in mind. Rear fenced yard offers a generous patio. 2 car attached garage. The setting is a quiet neighborhood, and across from a play ground and near a preserve for plenty of fresh air. Space, light, smart updates, and a beautiful wooded setting. Come see it for yourself!

915 Charlton Road, Lake Villa

$500,000

4 Beds ⋅ 4 Baths ⋅ 12649742 MLS ⋅ ACTIVE Status

Tucked toward the back of the subdivision where traffic is lighter and the setting feels more peaceful, this impressive 4-bedroom, 3.5-bath home offers exceptional space, functionality, and beautiful natural surroundings. This beautiful home backs up to a nature preserve where you will appreciate the tranquil views. Boasting one of the largest floor plans in the neighborhood with approximately 2,940 square feet above grade PLUS an additional 1,390 square feet in the finished walk-out basement, this home provides room to spread out, gather, and truly enjoy everyday living. A charming covered front porch welcomes you inside to a spacious and inviting layout featuring formal living and dining rooms that create a warm and elegant first impression. As you move through the home, the dramatic two-story family room with soaring 20-foot ceilings opens up at the back of the house, where expansive windows showcase the scenic backyard and a cozy gas fireplace anchors the space beautifully. Backing to nature, the yard provides a peaceful backdrop that can be enjoyed from multiple rooms throughout the home. The kitchen is designed with both style and function in mind, featuring 42-inch cherry cabinetry, granite countertops, newer appliances, a center island, and a large pantry offering plenty of additional storage. A spacious eating area overlooks the backyard, making it an ideal spot to enjoy your morning coffee while taking in the peaceful views. Whether hosting gatherings or enjoying quiet mornings at home, this kitchen easily serves as the heart of the home. A main-level office provides ideal flexibility for working from home, studying, or creating a private retreat space. Upstairs, you'll find generously sized bedrooms, including a spacious primary suite designed for comfort and relaxation. Cathedral ceilings enhance the open, airy feel of the primary bedroom, while two walk-in closets provide exceptional storage. The finished walk-out basement adds an incredible 1,390 square feet of additional living space and includes a full bathroom-perfect for entertaining, related living possibilities, recreation space, a home gym, media room, or guest accommodations. With direct access to the beautiful backyard and nature beyond, even the lower level takes advantage of this home's special setting. Conveniently located just around the corner from the grade school and near the neighborhood park, this home combines space, location, and lifestyle in one exceptional package. From the peaceful nature views and impressive 20-foot family room to the expansive finished walk-out basement and thoughtfully designed living spaces, this is a home with the room and flexibility to be enjoyed for years to come.

1641 Elderberry Lane, Lake Villa

$365,000

3 Beds ⋅ 3 Baths ⋅ 12775823 MLS ⋅ ACTIVE Status

Tucked away in a quiet Lake Villa setting with no neighbors directly behind, this spacious home offers the privacy, space, and comfortable layout you're looking for. Step inside to a warm and inviting family room featuring beautiful hardwood floors, a cozy fireplace, and soaring vaulted ceilings. The spacious kitchen offers abundant workspace, a closet pantry, and a sunny eat-in area overlooking the classic brick paver patio and peaceful backyard-perfect for everyday living and entertaining. Hardwood flooring continues through the separate living and dining rooms, giving you plenty of flexible space to gather, host, or simply spread out. Upstairs, the vaulted primary suite feels like a true retreat with its own private en suite bath. Two additional bedrooms and a full hall bath complete the second level. Outside, enjoy morning coffee on the welcoming front porch or unwind at the end of the day with around the firepit on the patio. With generous living spaces, a desirable floor plan, and a peaceful location near parks and trails, this is a home that's easy to settle into and enjoy. Recent updates include an upstairs Bedroom Carpet and Paint (2026), Water Heater (2025), Roof (2018), Hardwood Flooring and Kitchen Appliances (approx. 7-8 years), and A/C (approx. 10 years).

73 Fieldstone Drive, Lake Villa

$285,000

3 Beds ⋅ 2 Baths ⋅ 12774915 MLS ⋅ ACTIVE Status

First time on the market, a 3-bedroom, 1.5-bath ranch home situated on approximately 1.19 acres (2 LOTS) and offering the opportunity to create a property tailored to your vision. This estate sale is being offered AS IS. The home features central air conditioning, forced-air heat, and a 2-car garage. The property includes two lots, providing additional land and flexibility for future plans, subject to applicable zoning and local requirements. A unique feature of this property is its water rights to West Miltmore. Buyers are encouraged to conduct their own due diligence regarding the water rights, lot configuration, zoning, permitted uses, and any potential improvements or development opportunities. With a generous lot, two parcels, a ranch-style home, and plenty of potential, this property offers an opportunity to bring your ideas and make it your own.

36474 N James Court, Lake Villa

$499,900

4 Beds ⋅ 3 Baths ⋅ 12772388 MLS ⋅ ACTIVE Status

A bright, refreshed interior and a peaceful backyard setting make this Lake Villa home stand out. Recent improvements include fresh interior paint, updated flooring, a new kitchen countertop, freshly painted kitchen cabinets, and refreshed landscaping, giving the home a clean and welcoming feel throughout. The spacious main level offers an easy flow between the living, dining, and kitchen areas, with plenty of natural light and a fireplace adding warmth to the gathering space. The kitchen offers generous cabinetry, ample workspace, and room for everyday dining, while the bedrooms provide comfortable private retreats. Step outside to a multi-level deck overlooking an open, scenic backyard-an inviting setting for relaxing, entertaining, or enjoying the seasons. An attached garage adds everyday convenience. Conveniently located near parks, recreation, shopping, dining, and major roadways with easy access throughout Lake Villa and the surrounding Lake County communities.

406 Hubbard Lane, Lake Villa

$324,999

2 Beds ⋅ 3 Baths ⋅ 12774221 MLS ⋅ ACTIVE Status

This is THE One! You will fall in love with this luxury end unit townhome boasting many recent updates! Sunny and spacious floorplan offers 2 bedrooms, 2.1 baths and finished basement with second fireplace. The entry offers stunning NEW wood laminate floors that flow into the living room with fireplace and accent the stairs and railings leading to the second floor. Upper level offers master suite with volume ceiling, walk-in closet and private bath, 2nd bedroom and sunny loft. Gorgeous kitchen features white cabinets, solid surface counters and stainless appliances. Eating area has slider leading out to the patio, perfect for BBQs. First floor laundry. Security system. Finished basement offers large space for family room, den and plenty of storage. This is a "must see" in popular Cedar Crossing. Easy commute to Milwaukee or Chicago. Lovely and waiting for you!

314 Berkshire Drive, Lake Villa

$164,950

3 Beds ⋅ 1 Baths ⋅ 12769782 MLS ⋅ ACTIVE Status

Charming 3-bedroom, 1-bathroom home in Lake Villa with views of Crooked Lake from the backyard. A large rear deck offers the perfect spot to relax and take in the scenery, whether it's morning coffee or evening sunsets. A great opportunity for full-time living or a weekend lake retreat. Sold As-Is, Where-is. Note: To help visualize this home's floorplan and to highlight its potential, virtual furnishings may have been added to photos found in this listing.

21557 W Birch Street, Lake Villa

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