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About This Home

This 4-bedroom, 4-bathroom single family at 38856 N Cedar Crest Drive in Lake Villa, IL is listed for $1,450,000 ($264 per sqft). Built in 2001, the home offers 5,494 sqft of living space on a N/A lot.

Agent Description

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.

Key Features

  • Built in 2001
  • 2 stories
  • 3 parking spaces
  • Fireplace
  • Waterfront

Property Details

2 stories
3 full, 1 half
3 spaces
2001

Amenities

FireplaceWaterfrontHardwoodA/C

Monthly Cost Estimate

$7,830/mo

20% down · 6.5% · 30 years

Principal$1,049
Interest$6,283
Insurance$423
HOA$75

Estimates only. Actual payments may vary.

Location

38856 N Cedar Crest Drive

Lake Villa, IL 60046

Features & Amenities

Interior Features

Vaulted Ceiling(s)Cathedral Ceiling(s)1st Floor Bedroom1st Floor Full BathWalk-In Closet(s)BookcasesGranite Counters

Exterior Features

BalconyBoat SlipOutdoor Grill

Property Details

Flooring

Hardwood

Construction

Cedar Stone

Pool Features

PorchDeckPatio

Parking

OpenGarage

Heating

Forced AirNatural GasZoned

Cooling

ZonedCentral Air

Appliances

RangeMicrowaveDishwasherRefrigeratorBar FridgeFreezerWasherDryerDisposalHumidifier

Questions & Answers

This 4-bedroom, 4-bathroom single family at 38856 N Cedar Crest Drive is listed at $1,450,000 ($264/sqft). The estimated monthly payment is $6,358 based on 20% down at 6.5% interest.

HOA fees are $75/month.

Key features include: Built in 2001, 2 stories, 3 parking spaces, Fireplace, Waterfront. Interior Features: Vaulted Ceiling(s), Cathedral Ceiling(s), 1st Floor Bedroom. Exterior Features: Balcony, Boat Slip, Outdoor Grill.

This property is listed by Larry Fales and can be reached at (847) 293-6453 or call@larryfales.com.

LF

Larry Fales

Agent at Re/Max Advantage

(847) 293-6453

Listed by Re/Max Advantage · View on Broker Site

MLS# 12647703· Source: listhub· Updated 19 days ago

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

38856 N Cedar Crest Drive, Lake Villa, IL 60046

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