Back 24301 North Forest Drive
Off Market

24301 North Forest Drive

Forest Lake IL 60047

3
3
6
1800 sq. ft.
Single-Family
Last sold for $460,000
Janelle VikJanelle Vik, last sold this property on 29 May 2026 after 26 days on market.

Overview

Exceptional opportunity to own direct lakefront property on Forrest Lake in Lake Zurich offering flexibility for renovation, new construction, or development potential. Situated on two combined lots totalling approximately 0.341 acres, this 3-bedroom, 3-bath ranch home with walkout basement presents expansive water views and the rare advantage of a dual-lot configuration on a private lake setting. Positioned on the north end of Forrest Lake, the property benefits from southern sun exposure throughout the day, enhancing natural light and maximising enjoyment of the waterfront setting. Located on the wider open portion of the lake, the property captures both sunrise and sunset views, creating a peaceful lakefront environment ideal for year-round living or a private retreat. The property includes direct lake frontage with private pier, providing convenient access to the water for a variety of recreational activities. Forrest Lake is a no-wake lake allowing idle-only boating, supporting a quiet atmosphere ideal for kayaking, paddleboarding, fishing, and relaxing along the shoreline. The existing single-family ranch home features a walkout basement and detached 2.5-car garage, offering a functional starting point for those looking to update, expand, or re imagine the property. The presence of two legal lots creates a unique opportunity that is difficult to replicate within established lakefront communities. Buyers may consider renovating the current home, building a custom lakefront residence, or exploring development possibilities that take advantage of the lot configuration and desirable location. Lakefront land opportunities with this level of flexibility are limited. Conveniently located less than five minutes from downtown Lake Zurich and near the shopping, dining, and amenities of nearby Kildeer, the property offers both privacy and accessibility. This location allows residents to enjoy the benefits of lake living while remaining close to everyday conveniences.Whether seeking a custom lakefront estate, private waterfront retreat, or investment opportunity, this Forrest Lake property presents significant potential in a desirable Lake Zurich location.

Features

3 bedrooms
3 bathrooms
6 carspaces
2 garage spaces
1800 sq. ft. floor area
Single-Family

Estimated Value

Based on this property and similar 3 bedroom single-family properties sold in Forest Lake over the last 12 months, the estimated median property value of 24301 North Forest Drive is $520k.

Median value
$520k
Estimated value range
$225k - $1.56m
Median days on market
7
Estimated value trend
15%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Forest Lake. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 24301 North Forest Drive

2026
Sold
$460,000
29 May 2026 by Janelle Vik, of Baird & Warner

Happy sellers in Forest Lake

76%
76% of sellers in Forest Lake reported that their sale price either exceeded or met their price expectations.

Forest Lake stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 13 reviews in Forest Lake over the last 12 months.

Local market activity for 3 bedroom single-family properties in Forest Lake

In the last 12 months, 123 three-bedroom single-family properties similar to 24301 North Forest Drive, have been sold.

This represents a 22% increase in three-bedroom single-family properties sales when compared to the previous 12 months.

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