$1,395,000

38856 N Cedar Crest Drive, Lake Villa, IL 60046

Active
4 beds 3.5 baths 5,494 sqft (assessor) Built 2001 Residential MLS #MRD12680836 62 days on market
Listing courtesy of Re/Max Advantage · 847-395-3000 · MLS #MRD12680836 · Status: Active
Welcome to this custom-built lakefront home, ideally located near the desirable Petite Lake Sandbar, 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 steep terrain 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 opportunity includes pier, all appliances (including additional lower-level units), TVs with surround sound, outdoor and porch Lloyd Flanders furniture, 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.

Property details

Interior

Appliances
Range, Microwave, Dishwasher, Refrigerator, Bar Fridge, Freezer, Washer, Dryer, Disposal, Humidifier
Interior features
Vaulted Ceiling(s), Cathedral Ceiling(s), 1st Floor Bedroom, 1st Floor Full Bath, Walk-In Closet(s), Bookcases, Granite Counters
Flooring
Hardwood
Fireplaces
2
Fireplace details
Attached Fireplace Doors/Screen, Gas Log
Basement
Finished, Unfinished, Exterior Entry, 9 ft + pour, Rec/Family Area, Full, Walk-Out Access
Laundry
Main Level, Electric Dryer Hookup, Sink
Additional rooms
Deck, Enclosed Porch, Enclosed Porch Heated, Foyer, Great Room, Loft, Pantry, Recreation Room, Heated Sun Room, Utility Room-Lower Level
Total rooms
10

Building & exterior

Age
21-25 Years
Exterior
Cedar, Stone
Exterior features
Balcony, Boat Slip, Outdoor Grill
Roof
Asphalt
Foundation
Concrete Perimeter
Windows
Screens
Patio & porch
Deck, Porch, Screened, Patio

Parking

Garage spaces
2
Total spaces
2
Parking details
Concrete, Garage Door Opener, Heated Garage, Garage, Yes, Garage Owned, Attached

Lot & location

Lot dimensions
60 X 297 X 50 X 288
Lot description
Landscaped
Township
Lake Villa
County
Lake
Waterfront
Yes

Utilities

Heating
Natural Gas, Forced Air, Sep Heating Systems - 2+, Zoned
Cooling
Central Air, Zoned
Water
Well
Sewer
Public Sewer
Electricity
Circuit Breakers, 200+ Amp Service
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

HOA & community

Assessment
$75 / annually
Assessment includes
Lake Rights
Community features
Park, Tennis Court(s), Lake, Water Rights, Street Lights, Street Paved

Schools

Elementary
(41)
Junior high
(41)
High school
(117)

Taxes & terms

Annual taxes
$27,452 (2024)
Parcel number (PIN)
01362010120000
PIN
01362010120000
Ownership
Fee Simple
Possession
Closing
Special conditions
None
Listed
6/17/2026

Rooms

RoomSizeLevelFlooring
Great Room23X20Main
Loft21X16Second
Enclosed Porch Heated24X13Walkout Basement
Foyer14X14MainHardwood
Utility Room-Lower Level22X15Walkout Basement
Pantry5X4Main
Deck25X16Main
Enclosed Porch16X12Main
Heated Sun Room15X9Walkout Basement
Recreation Room49X31Walkout Basement
Bedroom 216X13Second
Bedroom 316X13Second
Bedroom 416X15Walkout Basement
Dining RoomN/A
Family RoomN/A
Kitchen23X15Main
Laundry12X6Main
Living RoomN/A
Master Bedroom16X16Main

What would this home cost per month?

Using this listing's actual tax bill (2024) and actual HOA assessment — adjust anything.

Rates move daily — edit to today's quote. Under 20% down adds PMI automatically.

Estimated monthly payment
$0
Principal & interest
Property taxes
Insurance
PMI (under 20% down)
HOA / assessments

Estimates only — not a loan offer or quote; your rate, insurance and PMI depend on your credit and lender. Run other scenarios on the full mortgage calculator, or ask us to connect you with lenders our clients actually close with.

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Want to see this home?

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