38856 N Cedar Crest Drive
Lake Villa, IL, 60046 $ 1,450,000
Bedrooms4 Baths3.1 Sq 5,494 Monthly Estimate*
$ 8,928
for $1,450,000 with 4 bedrooms and 3 full baths, 1 half bath. This 5,494 square foot home was built in 2001.
Welcome to this custom-built lakefront home on Petite Lake, offering stunning panoramic views and seamless indoor-outdoor living on a 0.433-acre lot. Rare opportunity to own a lakefront home featuring a walkout lower level with level,easy access to your private pier-no step terrain or exterior stairs, a true standout among lakefront properties. Custom-designed to capture beautiful lake views while enhancing the comfort and ease of lakefront living. The stone-accented exterior features multiple patios, a lakeside deck, and enclosed porches-ideal for entertaining and relaxing. Inside, the two-story great room showcases a floor-to-ceiling fireplace and a wall of windows overlooking the lake. The open-concept kitchen includes a large island, abundant cabinetry, and flows into the dining and living areas. Main-level primary suite features dual walk-in closets, spa-like bath with whirlpool tub and Opulent spa shower with body jets, direct laundry access, and a private three-season porch. Upstairs offers two bedrooms, full bath, and loft. The walkout lower level includes a large recreation room with fireplace, an additional three-season porch, and a fourth bedroom-perfect for guests or extended stays. Recent updates include two Trane furnaces with humidifiers (2024). This turnkey opportunity includes pier, all appliances (including additional lower-level units), TVs with surround sound, outdoor and porch furniture (Lloyd Flanders), pool table, basketball game and gas grill. Opportunities like this-combining level lake access, panoramic views, and a custom designed home-are rarely available on the Chain O'Lakes, let alone Petite Lake. Schedule your private showing today and experience lakefront living at its finest.
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FeaturesGeneralLiving Area 5494
Sewer Public Sewer
Heating Natural Gas Forced Air Sep Heating Systems - 2+ Zoned
Cooling Central Air Zoned
Possession Closing
Roof Asphalt
Appliances Range Microwave Dishwasher Refrigerator Bar Fridge Freezer Washer Dryer Disposal Humidifier
HOA Fee 75
Garage Spaces 2.5
Association Fee Includes Lake Rights
Construction Materials Cedar Stone
Year Built 2001
Electric Circuit Breakers 200+ Amp Service
Township Lake Villa
Tax Year 2024
Ownership Fee Simple
Community Features Park Tennis Court(s) Lake Water Rights Street Lights Street Paved
Assoc Fee Paid Per Annually
County Lake
New Construction N
Property Type Residential Detached Single
Total Rooms 10
Full Baths 3
Status New
Directions RT 59 N of Grand Ave (RT 132) to Dering Ln Right onto Cedar Crest Home on Left
City Lake Villa
High School District 117
MLS Area Lake Villa / Lindenhurst
Tax Annual Amount 27452
Additional Parcels Y/N N
Standard Status Active
Middle/Junior School District 41
Elementary School District 41
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InteriorInterior Amenities Vaulted Ceiling(s) Cathedral Ceiling(s) 1st Floor Bedroom 1st Floor Full Bath Walk-In Closet(s) Bookcases Granite Counters
Basement Finished Unfinished Exterior Entry 9 ft + pour Rec/Family Area Full Walk-Out Access
Flooring Hardwood
Total Fireplaces 2
Fireplace Features Attached Fireplace Doors/Screen Gas Log
Half Baths 1
Laundry Features Main Level Electric Dryer Hookup Sink
Total Bedrooms 4
Below Grade Finished Area 1626
Room Type Deck Enclosed Porch Enclosed Porch Heated Foyer Great Room Loft Pantry Recreation Room Heated Sun Room Utility Room-Lower Level
Total Baths 4
Bedrooms Possible 4
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ExteriorModel Custom
Exterior Amenities Balcony Boat Slip Outdoor Grill
Parking Features Concrete Garage Door Opener Heated Garage Garage Yes Garage Owned Attached
Lot Features Landscaped
Water Source Well
Total Parking 2.5
Foundation Details Concrete Perimeter
Lot Dimensions 60 X 297 X 50 X 288
Waterfront Y/N Y
Other Equipment Water-Softener Owned Security System CO Detectors Ceiling Fan(s) Fan-Whole House Sump Pump Sprinkler-Lawn Multiple Water Heaters Security Cameras Electronic Air Filters
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $8,928
- Monthly Property Taxes
- $2,288
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Lake Villa, IL
Average List Price $526,424
Percent of Sale Price 64%
About Lake Villa, IL 8,659 Population
29% Since 2002
$ 81,346 Median Income
39.8 Median Age
37% Households with Children
Trends Information provided by ATTOM Data Solutions.
564501 Elementary School
568009 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/27/2026 | $1,450,000 | | Listed Price |