Closed

$450,000

24301 Forest Drive, Lake Zurich, IL 60047
3 Beds3 Baths0 sqft5 days
24301 Forest Drive·Lake Zurich, IL 60047
3Bedrooms
3Bathrooms
0Sq Ft
About This Home

Exceptional opportunity to own direct lakefront property on Forrest Lake in Lake Zurich offering flexibility for renovation, new construction, or development potential. Situated on two combined lots totalling approximately 0.341 acres, this 3-bedroom, 3-bath ranch home with walkout basement presents expansive water views and the rare advantage of a dual-lot configuration on a private lake setting. Positioned on the north end of Forrest Lake, the property benefits from southern sun exposure throughout the day, enhancing natural light and maximising enjoyment of the waterfront setting. Located on the wider open portion of the lake, the property captures both sunrise and sunset views, creating a peaceful lakefront environment ideal for year-round living or a private retreat. The property includes direct lake frontage with private pier, providing convenient access to the water for a variety of recreational activities. Forrest Lake is a no-wake lake allowing idle-only boating, supporting a quiet atmosphere ideal for kayaking, paddleboarding, fishing, and relaxing along the shoreline. The existing single-family ranch home features a walkout basement and detached 2.5-car garage, offering a functional starting point for those looking to update, expand, or re imagine the property. The presence of two legal lots creates a unique opportunity that is difficult to replicate within established lakefront communities. Buyers may consider renovating the current home, building a custom lakefront residence, or exploring development possibilities that take advantage of the lot configuration and desirable location. Lakefront land opportunities with this level of flexibility are limited. Conveniently located less than five minutes from downtown Lake Zurich and near the shopping, dining, and amenities of nearby Kildeer, the property offers both privacy and accessibility. This location allows residents to enjoy the benefits of lake living while remaining close to everyday conveniences.Whether seeking a custom lakefront estate, private waterfront retreat, or investment opportunity, this Forrest Lake property presents significant potential in a desirable Lake Zurich location.

MLS# 12600327Listed May 1, 2026Residential
Property Details

Beds & Baths

Total Bedrooms3
Total Bathrooms3
Full Baths2
Half Baths1
Total Rooms7

Size & Structure

Living Area0 sqft
Garage Spaces2
Lot Size100x170

Location

CountyLake
TownshipEla
Zip Code60047

Financial

List Price$450,000
Annual Taxes (2024)$7,295
Monthly Tax Est.$608
Parcel #14104130010000
Interior Features

Heating

Natural Gas

Cooling

Central Air

Basement

Partially FinishedExterior EntryConcreteRec/Family AreaWalk-Up AccessFullWalk-Out Access
Exterior & Lot

Construction

Aluminum Siding

Roof

Asphalt

Foundation

Concrete Perimeter

Exterior Features

Balcony

Patio & Porch

Deck
Utilities & Parking

Sewer

Public Sewer

Water Source

Well

Parking

AsphaltYesGarage OwnedDetachedOwnedGarage
HOA & Community
HOA Fee
$150
Annually

HOA Includes

Lake Rights

Community Features

ClubhouseLakeDockWater Rights
Tax & Financial
Annual Taxes
$7,295
Tax Year 2024
Monthly Tax Est.
$608
per month
Property Location

24301 Forest Drive, Lake Zurich, IL 60047 — Lake County

$450,000
24301 Forest Drive
3 bd3 ba0 sqft
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
5 days on market
2-car garage
100x170
$7,295/yr taxes
$150 HOA (annually)
$2,985
estimated monthly payment
Principal & Interest
$2,365/mo
Property Tax
$608/mo
HOA
$13/mo
$450,000
20% — $90,000
3%50%
6.875%
3%12%
Loan Amount
$360,000
Down Payment
$90,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Baird & Warner
Agent: Janelle Vik
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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