351 Wallace Road
Lake Forest, IL, 60045 $ 2,500,000
Bedrooms5 Baths5.1 Sq 5,752 Monthly Estimate*
$ 17,267
for $2,500,000 with 5 bedrooms and 5 full baths, 1 half bath. This 5,752 square foot home was built in 1996 on a lot size of 1.36.
Move right into this exceptional brick Georgian, where timeless architecture meets extensive updates, an outstanding floor plan, and gracious living in a coveted neighborhood. Featuring a new Brava roof (2025) and a beautifully updated gourmet kitchen (2026), this home combines classic elegance with modern amenities, versatile living spaces, and exceptional privacy. A gorgeous landscaped front entrance by Chalet (2025), accented by a bluestone walkway, welcomes you to the grand foyer with its elegant bridal staircase. The gracious living room features a new fireplace surround, while the inviting library/lounge offers a private retreat for work or relaxation. The dining room is ideal for intimate family dinners and larger gatherings, with a butler's pantry providing additional cabinetry and convenient access to the stunning kitchen. Designed for everyday living and effortless entertaining, the newly renovated kitchen features top-of-the-line appliances, quartzite countertops and backsplash, an oversized island with breakfast bar, and a walk-in pantry. The adjoining breakfast area and planning desk provide both convenience and functionality, while French doors open to the expansive, beautifully landscaped backyard set on over 1.3 acres and large bluestone patio. The exceptional private grounds feature a tranquil water feature and charming pergola, creating a serene outdoor retreat. The kitchen flows seamlessly into the spectacular vaulted-ceiling family room, complete with a stylish wet bar (2021) and expansive windows overlooking the private, fenced backyard. A first-floor bedroom and full bath offers flexibility as a guest retreat or private office. A spacious laundry room and mudroom complete the first floor. The second floor features four generously sized bedrooms and well-appointed baths, including a luxurious primary suite. This peaceful retreat offers a generous walk-in closet, spa-inspired bath with tub, separate shower and private water closet, and a private balcony overlooking the beautifully landscaped grounds. The back staircase leads to an expansive recreation or bonus room with endless possibilities, complemented by a separate office/craft room or homework area. The finished lower level further expands the living space with a large recreation room, exercise room, full bathroom, tons of storage, and private office or optional sixth bedroom. Additional highlights include beautiful hardwood floors throughout, with the second-floor flooring and staircase refinished (2021), a four-car garage with epoxy flooring, generator, and lawn irrigation system. Enjoy a peaceful setting just moments from shopping, schools, Open Lands walking paths, and everyday amenities. A truly extraordinary home in an outstanding neighborhood!
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FeaturesGeneralLiving Area 5752
Sewer Public Sewer
Heating Natural Gas Forced Air Radiant Floor
Cooling Central Air Zoned
Possession Closing
Appliances Double Oven Microwave Dishwasher Refrigerator Freezer Washer Dryer Disposal Cooktop Humidifier
HOA Fee 325
Garage Spaces 4
Association Fee Includes None
Architectural Style Georgian
Construction Materials Brick
Year Built 1996
Electric Circuit Breakers
Township West Deerfield
Tax Year 2025
Ownership Fee Simple
Community Features Sidewalks Street Lights Street Paved
Assoc Fee Paid Per Annually
County Lake
New Construction N
Property Type Residential Detached Single
Subdivision Name North Carrol Meadows
Other Structures Pergola
Total Rooms 17
Full Baths 5
Status New
Directions Westleigh Road West of 41 to Wallace North
High School Lake Forest High School
City Lake Forest
High School District 115
MLS Area Lake Forest
Elementary School Everett Elementary School
Tax Annual Amount 33684.26
Middle/Junior High School Deer Path Middle School
Additional Parcels Y/N N
Standard Status Active
Middle/Junior School District 67
Elementary School District 67
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InteriorInterior Amenities Cathedral Ceiling(s) Dry Bar Wet Bar 1st Floor Bedroom 1st Floor Full Bath Built-in Features Walk-In Closet(s)
Basement Finished Rec/Family Area Full
Flooring Hardwood
Total Fireplaces 2
Fireplace Features Gas Starter
Half Baths 1
Laundry Features Main Level Laundry Chute Sink
Total Bedrooms 5
Below Grade Finished Area 2121
Room Type Bedroom 5 Foyer Breakfast Room Library Bonus Room Office Workshop Recreation Room Game Room Exercise Room
Total Baths 6
Bedrooms Possible 5
Bathroom Whirlpool Separate Shower Double Sink
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ExteriorModel GEORGIAN
Parking Features Brick Driveway Circular Driveway Garage Door Opener Yes Garage Owned Attached Garage
Lot Features Nature Preserve Adjacent Landscaped Wooded Mature Trees Views
Water Source Lake Michigan Public
Total Parking 4
Foundation Details Concrete Perimeter
Lot Dimensions 192.8 X 407 X 84.7 X 392.9
Lot Size Acres 1.36
Waterfront Y/N N
Other Equipment TV-Cable Security System CO Detectors Ceiling Fan(s) Sump Pump Sprinkler-Lawn Generator Multiple Water Heaters
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* Excluded FeaturesList By@Properties Christie's International Real EstateBroker
susanamory@atproperties.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $17,267
- Monthly Property Taxes
- $2,807
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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 Forest, IL
Average List Price $2,699,134
Percent of Sale Price 8%
About Lake Forest, IL 19,888 Population
-2% Since 2002
$ 164,533 Median Income
46.48 Median Age
33% Households with Children
Trends Information provided by ATTOM Data Solutions.
565992 Elementary School
567092 Middle School
Lake Forest High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/17/2026 | $2,500,000 | | Listed Price |