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The Most Expensive Neighborhoods in Lake Forest, IL

Lake Forest IL Neighborhoods With The Most Expensive Homes

Nestled along the picturesque shores of Lake Michigan, Lake Forest, Illinois, is celebrated for its tree-lined streets, remarkable architecture, and a rich history of opulence. Known as a haven for luxury living in the Midwest, this affluent suburban city boasts an array of prestigious neighborhoods, each offering stunning homes and an undeniable sense of grandeur.

If you’re curious about where the most expensive homes in Lake Forest can be found, this guide highlights the neighborhoods that truly stand out. From sprawling estates to architectural masterpieces, these areas showcase some of the finest residential properties in the region.

Why Lake Forest Stands Out for Luxury Living 

What makes Lake Forest such a desirable hotspot for high-end real estate? It’s not just the beauty of this waterfront city that lures buyers, but its combination of privacy, convenience, and amenities.

Now, let’s explore the neighborhoods that are home to the most exquisite (and expensive) properties around.

1. Lake Road Estates 

Known as one of the most iconic streets in Lake Forest, Lake Road is a goldmine for luxury buyers. This neighborhood hugs the lakefront, offering breathtaking views of Lake Michigan and unparalleled privacy.

What Makes It Unique 

Home Prices 

Properties in this area often exceed $10 million, with some breaking the $20 million mark. These estates epitomize luxury and are built for buyers seeking exclusivity and elegance.

2. Conway Farms 

A golfer’s paradise, Conway Farms blends an exclusive residential experience with proximity to the Conway Farms Golf Club, which has hosted PGA Tour events.

What Makes It Unique 

Home Prices 

Homes in Conway Farms typically range from $1.5 million to $5 million, making it less extravagant than lakefront properties but still among the priciest in Lake Forest.

3. Villa Turicum 

Set amidst rolling hills and forested landscapes, Villa Turicum is an exclusive neighborhood situated just north of downtown Lake Forest.

What Makes It Unique 

Home Prices 

Homes in Villa Turicum typically fall between $2 million and $8 million, depending on the property’s size, design, and location within the neighborhood.

Interested in the most expensive neighborhoods in Lake Forest, IL? Start searching all available Lake Forest homes for sale, or contact our local North Shore real estate experts with Fulton Grace for all your home buying & selling needs!

4. Adler’s Glen Neighborhood 

Adler’s Glen is a residential neighborhood of single-family homes established in the early 2000s. Nestled in the heart of the village, this lovely community is situated on Gage Lane, just east of Waukegan Road.

What Makes It Unique 

Home Prices 

The average home price ranges from $1 million to $5 million, depending on lot size and home features.

5. East Lake Forest 

For those who want to be right at the heart of Lake Forest, East Lake Forest offers a luxurious yet convenient lifestyle.

What Makes It Unique 

Home Prices 

Properties here range widely, from $1.5 million for smaller historic homes to $12 million or more for expansive estates.

6. The Preserve at Westleigh 

Tucked away in the western part of Lake Forest, The Preserve at Westleigh offers a blend of modern living within a picturesque natural setting.

What Makes It Unique 

Home Prices 

With prices ranging from $1 million to $4 million, The Preserve at Westleigh offers a more accessible luxury market when compared to some of the other exclusive neighborhoods in Lake Forest, while still ensuring high-end living in harmony with nature.

7. Arbor Ridge 

Nestled in the heart of Lake Forest, the Arbor Ridge neighborhood combines tranquil living with convenient access to the city’s amenities. This neighborhood, which was developed back in the early to mid-1990s, offers an idyllic setting, perfect for those seeking a peaceful respite without sacrificing connectivity.

What Makes It Unique 

Home Prices 

With home prices ranging from $800,000 to $3 million, Arbor Ridge offers a wide range of options for luxury buyers who appreciate both peace and accessibility.

8. Havenwood 

Located in the southeastern part of Lake Forest, Havenwood is a hidden gem that offers a harmonious blend of luxury and nature.

What Makes It Unique 

Home Prices 

Although many homes in Havenwood were built back in the ’80s, home prices typically range from $1.2 million to $3.5 million, offering high-end accommodations without the ultra-steep price tag of some of the most expensive homes in Lake Forest.

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