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Is this Real Life? Welcome to Your Dream Lakefront Oasis! Just about 30 miles northwest of Chicago, this exceptional home on coveted Diamond Lake offers the epitome of lakeside luxury. Situated on a pristine 153-acre lake, indulge in activities like boating, fishing, and swimming right from your own private house and dock. Inside, an entertainer's paradise awaits. This expansive 4,000-square-foot residence boasts stunning views from nearly every room. The main level's open floor plan is ideal for hosting memorable gatherings, while the upper level offers a serene guest suite with two bedrooms and a full bath. The home office, with its sweeping lake vistas, makes work a pleasure. The lower walk-out level is designed for ultimate relaxation and fun, featuring a family room, guest room, a newly updated full bathroom, and a sophisticated brand-new full bar. Wine aficionados will delight in the 500-bottle wine cellar and tasting room. Step outside to discover a vast area of outdoor enjoyment, with a sprawling dock, porch, patio, and a cozy fire pit. Additional features include a Trex dock and pier, a 2.5-car attached garage, and numerous modern upgrades throughout. Don't miss the opportunity to own the finest spot on Diamond Lake, complete with unparalleled views and luxurious amenities.
DAYS ON MARKET | 35 | LAST UPDATED | 8/27/2025 |
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TRACT | Oak Terrace | YEAR BUILT | 1988 |
COMMUNITY | Ivanhoe / Mundelein | GARAGE SPACES | 2.5 |
COUNTY | Lake | STATUS | Active |
PROPERTY TYPE(S) | Single Family |
School District | Mundelein Cons High School |
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Elementary School | Diamond Lake Elementary School |
Jr. High School | West Oak Middle School |
High School | Mundelein Cons High School |
ADDITIONAL DETAILS | |
AIR | Ceiling Fan(s), Central Air |
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AIR CONDITIONING | Yes |
APPLIANCES | Dishwasher, Disposal, Gas Cooktop, Humidifier, Microwave, Range, Refrigerator, Water Softener, Water Softener Owned, Wine Refrigerator |
AREA | Ivanhoe / Mundelein |
BASEMENT | Finished, Walk-Out Access, Yes |
CONSTRUCTION | Vinyl Siding |
EXTERIOR | Balcony, Boat Slip, Dock, Fire Pit |
GARAGE | Yes |
HEAT | Forced Air, Natural Gas |
HOA DUES | 150 |
INTERIOR | Beamed Ceilings, Cathedral Ceiling(s), Central Vacuum, In-Law Floorplan, Open Floorplan, Wet Bar |
LOT | 7275 sq ft |
LOT DIMENSIONS | 160X50X155X50 |
PARKING | Asphalt, Garage Door Opener, Heated Garage, On Site, Attached, Garage |
SEWER | Public Sewer |
SUBDIVISION | Oak Terrace |
TAXES | 18271 |
UTILITIES | Cable Available |
VIEW | Yes |
VIEW DESCRIPTION | Water |
WATER | Well |
WATERFRONT | Yes |
WATERFRONT DESCRIPTION | Lake Front, Lake Privileges, Waterfront |
MORTGAGE CALCULATOR
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The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2025 MRED. All rights reserved.

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