See Home Value
$900,000
● House - Off Market

224 MAINSAIL Drive

Third Lake, IL 60030
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,124 Ft²
$6,192
Est. Monthly
$17
HOA / Fees

About This Property

A Picture-Perfect Lakefront Retreat on Third Lake! Welcome to waterfront living at its finest in the highly sought-after Mariner's Cove community on beautiful Third Lake-one of the area's premier motorboat lakes. With private beach access to nearby Druce Lake, this exceptional property offers the perfect blend of recreation, relaxation, and everyday luxury. From the moment you arrive, this charming lakefront home captivates with its character, thoughtful updates, and breathtaking water views. A custom front door opens to an elegant foyer, introducing the craftsmanship and warmth found throughout the home. Gleaming wood floors, six-panel doors, custom millwork, recessed lighting, and abundant natural light create an inviting atmosphere in every room. The open-concept floor plan is ideal for both comfortable daily living and effortless entertaining. The versatile front living room, highlighted by French doors and a bay window, currently serves as a home office but can easily function as a first-floor bedroom. The bright dining area flows seamlessly into the heart of the home-an exceptional custom kitchen featuring ceiling-height cabinetry, granite countertops, a dramatic stone backsplash, a large center island, range with double oven, a Bosch dishwasher, and heated floors. Just beyond the kitchen, a spectacular screened porch with soaring ceilings provides the perfect place to enjoy morning coffee or unwind at sunset. Equipped with triple window shades, this inviting space allows you to enjoy the lake breeze throughout much of the year. The family room truly showcases the beauty of lakefront living, offering panoramic water views, custom built-ins, direct deck access, and a wood-burning fireplace with a heating blower for cozy evenings year-round. Upstairs, premium carpeting and upgraded pet resistant padding add comfort throughout. The primary suite serves as a private lakeside sanctuary, featuring stunning water views, a spacious walk-in closet, and a beautifully updated en-suite bath. Two additional bedrooms offer generous closet space, a recessed lighting and share an updated hall bath with a walk-in shower and granite-topped vanity. A hallway linen closet provides additional storage and potential space for future second-floor laundry. Above the garage, a spacious floored attic offers endless possibilities for future expansion, including a studio, recreation room, additional living space, or even a garage expansion. A whole-house fan enhances comfort and energy efficiency throughout the home. The unfinished basement provides abundant storage today and exciting opportunities for future customization. Meticulously maintained and thoughtfully upgraded, the home includes replaced windows, bedroom duct fans with thermostat controls, a water powered backup sump pump, a new tankless Rinnai water heater, a newer driveway and stamped concrete walkway, a new garage door with keypad entry and MYO remote door opener/closer, new Hardie cement board siding and oversized gutters with gutter guards. Also, new Fiberon deck and lighting on the lake side and a new Fiberon front porch featuring recessed LED lighting with dimmers. Step outside to your private lakeside oasis. The backyard is designed for entertaining and relaxation, featuring a spacious deck, fire pit, play area, and private pier where you can dock your boat(s), swim, fish in summer or winter, ice skate, cross country ski, or simply enjoy spectacular sunsets over the water. Conveniently located near shopping, forest preserves, downtown Grayslake, and commuter train stations, this remarkable home combines the serenity of lakefront living with everyday convenience. More than just a home, this is a lifestyle-where every sunrise sparkles across the lake, every sunset feels like a vacation, and every day becomes part of your own lakeside story.
Unit Size
2,124 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$436
Property Type
House
Property Taxes
$1,633
HOA Dues
$17
Year Built
1988

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Property Highlights

Garage
Air Conditioning
Fireplace
With View

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 576
  • Garage Type: 1
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 69
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,505
  • Total Building Area: 3,140
  • Gross Building Area: 3,140
  • Building Area: 2,124
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,124
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MARINERS COVE UNIT 3
  • Land Acres: 0000000333
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: MARINERS COVE UNIT 3; LOT229 LOT 229

Neighborhood

  • School District Name: Grayslake Consolidated Community School District 46
  • Census Tract: 861106

Geography

  • Assessors Map Reference: 2476-C7
  • District: AVON
  • Parcel: 06-24-204-028
  • Lot: 229
  • Municipality: TWP OF AVON
  • Latitude: 42.367
  • Longitude: -88.0102

    Address

  • Full Address: 224 Mainsail Dr
  • Legal Unit: 3
  • Address - House Number: 224
  • Address - Street Name: Mainsail
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Third Lake
  • Carrier Code: C008
  • 4-Digit Zip Code: 2628
  • Zip Code: 60030

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,657,822
  • Tax Rate Code Area: 7087

    Appraisal Valuation

  • Standard Deviation: 0.1683
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 527,667
  • High Value: 616,491
  • Low Value: 438,844

    Market Valuation

  • Market Total Value: $515,260
  • Market Land Value: $135,440
  • Market Improvement Value: $379,820

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $171,736
  • Assessed Land Value: $45,142
  • Assessed Improvements Value: $126,594

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 08, 1997
  • Current Sale Recording Date: Oct 29, 1997
  • Current Sale Price:
  • Current Sale Document Type: 40
  • Current Sale Input Document Number: 4040236
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Mariner's Cove


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Frequently Asked Questions

When was property at 224 Mainsail Drive built and last sold?
The property at 224 Mainsail Drive was built in 1988 and last sold on Sep 8, 1997 for $193,333.
How much is this home worth?
The estimated value of the home located at 224 Mainsail Drive is $916,575.
What are some comparable homes to 224 Mainsail Drive?
There are currently no comparable homes to 224 Mainsail Drive.