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Active - House for sale

Grayslake, IL

4 bds|3 bth + 1 half|3,138 sqft

Facts & features

House Property type
1987 Year built
$248 Price/Sqft.
2 car garage Parking
$180/yr HOA
6,098 sqft Lot size

Why you’ll love it

Lakefront Living on Diamond Lake! Experience the best of year-round lake living in this custom-built Diamond Lake home, complete with your own boat dock and perfectly positioned to capture breathtaking water views. Beautifully updated and thoughtfully designed, this exceptional waterfront property blends quality craftsmanship, modern amenities, and the relaxed elegance of lakeside living. The main level welcomes you with stunning lake views and hardwood flooring throughout the living and dining areas. A granite fireplace creates a warm and inviting space for gathering with family and friends. The beautifully updated kitchen is designed for both everyday living and entertaining, featuring quartz countertops, premium Bosch appliances, an updated coffee and beverage bar, and picturesque views of the water. Upstairs, you'll find three spacious bedrooms, including a primary suite with a large walk-in closet. An upper-level laundry room adds comfort and practicality to daily living. The finished walkout basement offers exceptional additional living space, complete with a large recreation area, a fourth bedroom, a second fireplace, and a full bathroom featuring a relaxing whirlpool tub. With direct access to the outdoors, this level is ideal for entertaining guests or enjoying all that lake life has to offer. Outdoor living is equally impressive, with two expansive decks designed to maximize the waterfront setting. The upper deck, constructed with low-maintenance Trex decking, provides the perfect place to relax, dine, and enjoy panoramic lake views. The deeded boat dock, located just steps from the home, ensures convenient access to boating, fishing, and endless days on the water. Additional features include a spacious two-car attached garage, and ample parking for five additional vehicles. This rare Diamond Lake opportunity offers the perfect blend of recreation, comfort, and tranquility.

Translating description...

Listings courtesy of Redfin Corporation as distributed by MLS GRID.

Listed by: Jacqueline Casino • Redfin Corporation

Co-listed by: Redfin Corporation

Source: MRED as distributed by MLS GRID, MLS#: 12755417 MRED as distributed by MLS GRID logo

Based on info available as of Nov 14, 2026 at 1:28 PM EST.

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Affordability

$505,000$1,050,000
1%20%
0%90%
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Estimated monthly payment

$5,288/mo

  • Mortgage$3,939
  • Property tax$1,334
  • HOA fee
  • Homeowners insurance
Due at closing$619,305
Down payment held in escrow$155,800
Closing costs$11,685
beycome credit Est.$15,580

Beycome estimates only. Actual amounts and terms vary by lender and location.

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Travel times

About Oak Terrace

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This local overview has been generated by Artur AI, for informational purposes only. Please verify all details independently before relying on it.

Flood & climate risk

FEMA Flood Zone X

Outside the high-risk Special Flood Hazard Area — flood insurance is usually optional but still worth considering.

More details

Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.

Disclaimer

Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Midwest Real Estate Data may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved. Based on information submitted to the MLS GRID as of Nov 14, 2026 at 01:28pm EST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

$779,000 Listed price

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$15,580 Credit back

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