Lake Zurich Illinois is a medium sized town that has won awards as an affordable place to raise a family with mentions in Frommer’s, US News, and recently Nerd Wallet. Located in Lake County it is well known for the large lake within the village. There’s about 7 square miles of real estate and 1 square mile of water body. The lake itself offers water sports, fishing and gorgeous views year round.
For buyers new and experienced, Lake Zurich real estate is diverse with condos and townhomes, single family homes, luxury homes, waterfront property and some new construction. Most homes are on lots of approximately 1/4 acre. The old village center is slowly re-generating with new townhome complexes. The majority of the shopping is now on the Rand Rd corridor with very little left along Main Street.
Gallery Homes for Sale Lake Zurich IL
The Lake Zurich Real Estate Market
Lake Zurich is nestled between it’s sister country suburban communities and the Barrington area. This medium Lake County town is primarily a single family homes community with smaller lot sizes than those of it’s rural neighbors. There are limited condos and a few small townhome subdivisions.
With over 350 sales a year, LZ has an active sales market. There are two more lake communities, both Echo Lake with lots sizes up to an acre and Forest Lake also an original summer homes location turned residential neighborhood.
The median price is around $325,000 while all of the 60047 zip code it averages higher around $525,000. (2018). A typical house here will be Colonial style 3-4 bedrooms, 2 car garage on a builders lot. Neighborhoods are medium to large in size. Other styles include ranches, split levels, cape code, raised ranches and traditional. Basements are either full or partial.
Buyers may consider looking in Kildeer, Hawthorn Woods, Long Grove, all villages in the same zip code of 60047. The median price will be higher. Nearby alternatives in the same price range are Mundelein and Wauconda.
Our New Boardwalk
Life in this Lakefront Community
The lake was once named Cedar Lake in the 19th century. It is a large body of spring fed water which offers plenty of leisure activities. In summer or winter go fishing or ice fishing, boating or walk in the adjacent parks. It does freeze over in cold winters. There’s a new boardwalk from which strollers can stop to sit or watch the leisure activities until dusk.
In addition to the lake, this village has several parks including 2 beaches, 1 spray ground, 22 playgrounds, picnic areas and walking paths. Lake Zurich also has a facility: Sportsplex. The complex is a 58,000-square-foot multisport facility consisting of two full-size indoor fields, one half-size indoor field, a full-size basketball/volleyball court, offices, meeting/party rooms and locker rooms with showers. These indoor facilities are a great boost to children activities during winter when it’s too cold to play tournaments outside in or out of school times.
In 2006 a development plan diverted the majority of traffic that passed through the village center with a four lane by-pass. The undisturbed downtown area has now seen some regeneration including waterfront townhouses. The majority of shopping is to the west along the Rand Rd corridor where you’ll find grocery stores and brand named stores alongside restaurants and cafes. With the addition of new neighborhood to the east by Kildeer, a large new supermarket was opened away from the town center to service existing and new neighborhoods.
Public schools are managed by Lake Zurich Community Unit School District 95. A small section on the east side is served by Kildeer Countryside Community Consolidated School District 96 and Consolidated High School District 125.
Elementary schools (K-5):
- Isaac Fox
- Sarah Adams
- Seth Paine
- Spencer Loomis
- May Whitney
There are two middle schools and a high school.
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