See Home Value
$2,225,000
● House - Off Market

950 Gage Lane

Lake Forest, IL 60045
bedrooms
4 Beds
bathrooms
6 Baths, 1 Half Bath
square feet
5,398 Ft²
$13,679
Est. Monthly
$33
HOA / Fees

About This Property

Experience the pinnacle of luxury living and serene comfort at this extraordinary private estate. Nestled at the end of a secluded cul-de-sac in Lake Forest, this custom-built residence spans 1.43 acres of meticulously landscaped grounds, offering unmatched privacy, scale, and sophistication.  From the moment you enter, the home impresses with soaring ceilings, sun-filled interiors, and expansive windows that seamlessly blend indoor elegance with the beauty of the surrounding landscape. Each space is thoughtfully designed to balance grandeur with warmth-from multiple inviting fireplaces to a sunlit solarium and a tranquil private library.  At the heart of the home, the newly reimagined chef's kitchen showcases top-of-the-line appliances, custom cabinetry, and a bright breakfast nook overlooking the picturesque grounds-perfect for both quiet mornings and vibrant entertaining.  The primary suite is a true sanctuary, offering generous proportions, a spa-inspired bath, and an exquisite custom dressing room designed to impress.  Step outside to your own private resort. The grounds feature a sparkling in-ground pool, outdoor kitchen, brick patio with fireplace and surround sound, and a private pond complete with a sandy beach-creating an unparalleled setting for both entertaining and relaxation.  The finished lower level enhances the lifestyle experience with 9-foot ceilings, a sophisticated wet bar, expansive recreation spaces, a fitness room, and a dedicated area designed for a 300+ bottle wine cellar.  Ideally located just minutes from Market Square, premier golf courses, top-rated schools, and the best of Lake Forest, this estate offers a rare blend of privacy, prestige, and convenience.  A remarkable offering defined by scale, craftsmanship, and an exceptional setting-this is truly one of the finest estates available.
Unit Size
5,398 Ft²
Days on Market
-
Land Size
1.43 acres
Price per sqft
$417
Property Type
House
Property Taxes
$2,598
HOA Dues
$33
Year Built
2001

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Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Total Rooms: 14
  • Bedroom Count: 5
  • Bathroom Count: 7
  • Full Bathrooms: 6
  • Partial Bathrooms: 7
  • Bathroom Plumbing Fixtures: 22
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 13
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 2,513
  • Garage Type: 1
  • Garage Square Area: 1,248
  • Parking Space Count: 5
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 62,421
  • Lot Size Depth Feet: 3,640
  • Lot Size Frontage Feet: 2,990
  • Total Building Area: 9,159
  • Gross Building Area: 9,159
  • Building Area: 5,398
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 5,398
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARK LANE SUBDIVISION
  • Land Acres: 0000001433
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: PARK LANE SUBDIVISION; LT1 IN UNIT B

Neighborhood

  • School District Name: Lake Forest Community High School District 115
  • Census Tract: 863500

Geography

  • District: SHIELDS
  • Parcel: 12-30-203-010
  • Lot: 1
  • Municipality: TWP OF SHIELDS
  • Latitude: 42.2645
  • Longitude: -87.8702

    Address

  • Full Address: 950 Gage Ln
  • Legal Unit: B
  • Address - House Number: 950
  • Address - Street Name: Gage
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Lake Forest
  • Carrier Code: C034
  • 4-Digit Zip Code: 1114
  • Zip Code: 60045

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,883,796
  • Tax Rate Code Area: 10014

    Appraisal Valuation

  • Standard Deviation: 0.1985
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 73
  • Final Value: 2,155,464
  • High Value: 2,583,538
  • Low Value: 1,727,390

    Market Valuation

  • Market Total Value: $1,461,395
  • Market Land Value: $414,098
  • Market Improvement Value: $1,047,297

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $487,083
  • Assessed Land Value: $138,019
  • Assessed Improvements Value: $349,064

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 04, 2015
  • Current Sale Recording Date: Dec 29, 2015
  • Current Sale Price:
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 7257679
  • Previous Sale Recording Date: Dec 12, 2014
  • Previous Sale Contract Date: Oct 14, 2014
  • Previous Sale Document Type: 64

    Financing

  • First Mortgage Financing Type: FIX
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 Park Lane


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 662 Garfield Avenue, Lake Bluff, IL, 60044

$3,800 /mo

  • 2 Beds
  • 2 Baths
  • 2,121 ft²
662 Garfield Avenue, Lake Bluff, IL, 60044 Listing by Brady Andersen
Unit for rent at 26 E Washington Avenue, Lake Bluff, IL, 60044

$1,925 /mo

  • 1 Bed
  • 1 Bath
  • 575 ft²
26 E Washington Avenue #2, Lake Bluff, IL, 60044 Listing by Gregg Handrich


Frequently Asked Questions

When was property at 950 Gage Lane built and last sold?
The property at 950 Gage Lane was built in 2001 and last sold on Nov 4, 2015 for $950,000.
How much is this home worth?
The estimated value of the home located at 950 Gage Lane is $2,272,399.
What are some comparable homes to 950 Gage Lane?
There are currently no comparable homes to 950 Gage Lane.