Third Lake, IL, Real Estate

Third Lake currently has 2 single family homes for sale with an average list price of $381,950. The average annual property tax for Third Lake is $9,958.06.

Current Homes for Sale

Schools

School District Level Grades
Avon Center Elementary School Community Consolidated School District 46 Elementary K-4
Frederick School Community Consolidated School District 46 Elementary 5-6
Grayslake Central High School Grayslake Community High School District 127 Elementary 9-12
Grayslake Middle School Community Consolidated School District 46 Elementary 7-8
Woodland Elementary School Woodland School District 50 Elementary 1-3
Woodland Intermediate School Woodland School District 50 Elementary 4-5
Woodland Middle School Woodland School District 50 Elementary 6-8
Avon Center Elementary School Community Consolidated School District 46 Middle K-4
Frederick School Community Consolidated School District 46 Middle 5-6
Grayslake Central High School Grayslake Community High School District 127 Middle 9-12
Grayslake Middle School Community Consolidated School District 46 Middle 7-8
Grayslake North High School Grayslake Community High School District 127 Middle 9-12
Woodland Elementary School Woodland School District 50 Middle 1-3
Woodland Intermediate School Woodland School District 50 Middle 4-5
Woodland Middle School Woodland School District 50 Middle 6-8
Grayslake Central High School Grayslake Community High School District 127 High 9-12
Grayslake Middle School Community Consolidated School District 46 High 7-8
Grayslake North High School Grayslake Community High School District 127 High 9-12
Woodland Intermediate School Woodland School District 50 High 4-5
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Schools

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Absorption Report

Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Third Lake, i.e. what's hot and what's not.

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Recent Sales

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Subdivisions

Subdivisions Median Price
Mariners Cove

Mariners Cove

Mariners Cove is a single-family home community in Third Lake, Illinois, built between 1984 and 1991. It currently has 1 single family home for sale with a list price of $314,900. The homes range in size from 1,342 ft2 to 4,343 ft2. The average annual property tax for Mariners Cove is $10,143.59. It is located in Lake county. Mariners Cove is a single family neighborhood built in the late 1980s to early 1990s. Mariners Cove features 350 homes situated close to Third and Druce lakes, which offer 225 acres available for year-round recreation including swimming, boating, fishing and ice skating. Mariners Cove is located in Third Lake, Illinois on Washington west of Route 45 ... Read more
Median Price: $387,500
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Sunshine

Sunshine is a single-family home community in Third Lake, Illinois, built between 1955 and 2014. It currently has 1 single family home for sale with a list price of $1,198,000. The homes range in size from 1,144 ft2 to 3,740 ft2. The average annual property tax for Sunshine is $14,858.68. It is located in Lake county. Sunshine is a single family home neighborhood located in Third Lake, Illinois. Sunshine subdivision was platted in the late 1920s and consists of 84 homes. Sunshine residents enjoy rights to 2 lakes, Third Lake and Druce Lake. Sunshine subdivision is located off Rt. 45 South of Rollins Road. ... Read more

Subdivisions

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Market Trends

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Real Estate News

New Homes For Sale This Week in Third Lake: April 11th to April 17th

New Homes For Sale This Week in Third Lake: April 11th to April 17th - April 18, 2025

Third Lake had only 1 new home for sale during the week of Friday, April 11 to Thursday, April 17, including and it was a single family home for sale ... continue reading
Homes Just Sold in Third Lake: April 1st to April 7th

Homes Just Sold in Third Lake: April 1st to April 7th - April 8, 2025

Third Lake had only 1 sale during the week of Tuesday, April 1 to Monday, April 7, including and it was a single family home for sale with a list ... continue reading
New Homes with Master Bedrooms on the 1st Floor in Third Lake: March 29th to April 4th

New Homes with Master Bedrooms on the 1st Floor in Third Lake: March 29th to April 4th - April 5, 2025

Third Lake had only 1 new home for sale with a master bedroom on the first floor during the month of Saturday, March 29 to Friday, April 4, and ... continue reading
New Homes For Sale This Week in Third Lake: March 28th to April 3rd

New Homes For Sale This Week in Third Lake: March 28th to April 3rd - April 4, 2025

Third Lake had only 1 new home for sale during the week of Friday, March 28 to Thursday, April 3, including and it was a single family home for sale ... continue reading
New Homes with Master Bedrooms on the 1st Floor in Third Lake: February 22nd to February 28th

New Homes with Master Bedrooms on the 1st Floor in Third Lake: February 22nd to February 28th - March 1, 2025

Third Lake had only 1 new home for sale with a master bedroom on the first floor during the month of Saturday, February 22 to Friday, February 28, and ... continue reading
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