Round Lake Homes under $500,000

Welcome to Round Lake, Illinois – a hidden gem nestled in the heart of Lake County. This charming village, known for its picturesque landscapes and welcoming community, offers a unique blend of suburban tranquility and vibrant local culture. With its serene lakes, beautiful parks, and a plethora of recreational activities, Round Lake is an ideal destination for families, young professionals, and anyone looking to enjoy a peaceful yet engaging lifestyle.

One of the standout features of Round Lake is its housing market, particularly the fantastic opportunities available for homes under $500,000. Whether you’re a first-time homebuyer or looking to downsize, Round Lake offers a diverse selection of charming single-family homes, modern townhouses, and cozy bungalows—all at an affordable price point. These homes are not only budget-friendly but also come with the added benefit of being in a community that values safety, education, and quality of life.

Residents of Round Lake enjoy easy access to top-rated schools, shopping centers, and dining options, making everyday life both convenient and enjoyable. The village is also well-connected to major highways and public transportation, allowing for seamless commutes to nearby cities.

In Round Lake, you’ll find a place where community spirit thrives, and outdoor enthusiasts can revel in the beauty of nature. With homes under $500,000, your dream of living in this enchanting village can become a reality. Come explore Round Lake, where your ideal home awaits amidst a backdrop of warmth and charm!

Newest Round Lake Homes under $500,000

$455,000

5 Beds ⋅ 4 Baths ⋅ 12781724 MLS ⋅ NEW Status

Space, comfort, and thoughtful features come together at 1995 Meadowview in Round Lake! With over 3,000 square feet of living space, 5 bedrooms, and 3.5 bathrooms, this home offers a versatile layout with room for a variety of needs. The kitchen features granite countertops, abundant cabinetry, and a large pantry for added storage. Just beyond the kitchen, the family room showcases a double-sided fireplace shared with a bright sunroom, creating a cozy setting for everyday living or entertaining. The spacious primary suite features a Jacuzzi tub and separate shower, while a Jack-and-Jill bathroom adds convenience to the home's layout. With generous room sizes and inviting living spaces throughout, this home is ready for its next chapter. Schedule your showing today!

1995 W Meadowview Drive, Round Lake

$389,900

3 Beds ⋅ 3 Baths ⋅ 12781459 MLS ⋅ NEW Status

Hard to find Valley Lakes ranch! This immaculately maintained 3br 3 bath home has been lovingly cared for by original owners! The welcoming foyer leads to the spacious great room with vaulted ceiling! A large kitchen creats a focal point with abundant cabinets, counter space, and an expansive multi use breakfast bar! The living room features hardwood floors and sliders to the back yard! The generous master bedroom features double closets, and a private bath with shower and dual sinks. Floor plan allows for one room to function nicely as bedroom or office! The second bedroom, hall bath, and convenient 1st floor laundry complete the main level! The huge basement features a rec room, work room, full bath, utility room with sink and ample storage! The owners have replaced the roof, furnace and a/c within the last 6-7 years. Scenic walking paths with water views, and the centrally located park, are a highlight of living here! Valley Lakes is in Grant Township conveniently close to schools, parks, shopping, Metra and highways! Hurry, this one won't last long!

393 Switchgrass Drive, Round Lake

1830 S Fallbrook Drive Unit #1830, Round Lake

$275,000

2 Beds ⋅ 1 Baths ⋅ 12776986 MLS ⋅ NEW Status ⋅ Lakewood Grove BLDG.

Welcome to easy, comfortable living in sought-after Lakewood Grove! This beautifully maintained 2 bedroom, 1 bathroom ranch offers a spacious open floor plan with 9-foot ceilings and thoughtful updates throughout. The generous living and dining room combination provides plenty of space for both everyday living and entertaining, while the large kitchen features a sunny eating area and ample room to gather. The primary bedroom includes a walk-in closet, and additional highlights include crown molding, a convenient laundry room with washer and dryer, and an oversized 2.5-car garage. Step outside to enjoy the fenced backyard, complete with a paver patio and beautifully landscaped front and rear yards. Lakewood Grove offers a resort-style lifestyle with a community pool, clubhouse, tennis and basketball courts, playgrounds, and scenic walking trails. A wonderful combination of comfortable one-level living, outdoor space, and fantastic neighborhood amenities! Estate sale. Sold As-Is.

1830 S Fallbrook Drive Unit #1830, Round Lake

$345,000

5 Beds ⋅ 2 Baths ⋅ 12776647 MLS ⋅ NEW Status

Enjoy space, character, and lake-community living at 24790 W Clinton Ave! This five-bedroom Chicago - Georgian Brick home offers over 2,000 square feet of living space on a .35-acre lot in unincorporated Round Lake's Long Lake Beach neighborhood. A spacious driveway accommodates eight or more vehicles, while the four-car garage offers ample room for parking, storage, and projects. Inside, charming 1940s details include arched doorways, crown molding, ceiling beams, real hardwood floors, an entry mudroom, and a welcoming country kitchen with Corian countertops. A rear addition provides a separate family room with plenty of space to relax or entertain. The finished basement adds flexible living space for a home office, guest room, or potential sixth bedroom. Upstairs, the generously sized primary and second bedrooms offer room to spread out, with seasonal lake views from the primary during the winter months. Be sure to check out the home's unique rooftop hangout space! Outside, a private patio creates a cozy spot to unwind, while a backyard concrete pad offers additional space for outdoor gatherings and activities. Enjoy nearby access to Long Lake for recreational boating and fishing, along with parks and beaches within walking distance. Access to Grant Woods with over 6 miles of gravel trails open for hiking, biking, and cross country skiing in the winder. Round Lakes grocery stores, shopping and dining are just a short drive away. Move-in ready and full of personality, this home offers room to enjoy life inside and out!

24790 W Clinton Avenue, Round Lake

$298,000

3 Beds ⋅ 3 Baths ⋅ 12781265 MLS ⋅ NEW Status

Welcome to this beautifully maintained and spacious 3-bedroom, 2.5-bath townhome in the desirable Round Lake community. Offering approximately 1,696 square feet of comfortable living space, this inviting home features an open and functional layout designed for both everyday living and entertaining. The main level welcomes you with a spacious living room, a well-appointed kitchen featuring generous cabinet and granite counter top plus a large walk-in pantry. A convenient half bath and sliding doors leading to the private patio add to the functionality of the main level, creating an ideal space for outdoor dining, grilling, or relaxing. Upstairs, the generous primary suite offers a private retreat with a walk-in closet and private full bath. Two additional bedrooms, a second full bathroom, convenient second-floor laundry, and a versatile loft provide plenty of space for family, guests, a home office, or additional living needs. A 2-car attached garage provides secure parking and additional storage. Central air conditioning, in-unit laundry, and a private outdoor area add to the comfort and convenience of this home. Ideally located in Round Lake with convenient access to schools, shopping, dining, parks, and major roads, this home offers the space and privacy of a true townhome with the convenience of a well-established suburban community. A wonderful opportunity for a first-time buyer, growing household, or investor.

1288 W Black Wolf Road, Round Lake

$247,900

2 Beds ⋅ 3 Baths ⋅ 12781011 MLS ⋅ NEW Status

Welcome to 641 Rosehall Ln, a beautifully maintained 2-bedroom, 2.5-bath townhome located in the highly desirable Madrona Village community in Round Lake and within the award-winning Grayslake School District. This inviting home offers a spacious and functional layout with plenty of room for everyday living and entertaining. The spacious kitchen and eating area feature sliding glass door access to the balcony and overlook the dining and living areas, creating an open and welcoming feel throughout the main level. The main level is further enhanced by a conveniently located powder room, large closet, and laundry room. Wood flooring and carpeting were updated in 2018, adding warmth and comfort throughout the home. The kitchen features several recent upgrades, including a refrigerator replaced in 2021, garbage disposal in March 2024, and brand-new microwave, gas range, and dishwasher installed in August 2026. Upstairs, you'll find a spacious primary suite featuring a vaulted ceiling and ensuite bathroom, along with another generously sized bedroom, full bathroom, and linen closet. The home also offers a basement, providing valuable additional space with plenty of possibilities for a recreation area, home office, workout space, or extra storage. Numerous major updates have already been completed, including a new garage door in 2022, new furnace and A/C system with a Nest thermostat in 2023, new water heater and MyQ WiFi garage door opener in 2024, and a new roof in 2025, offering added peace of mind for the next owner. Enjoy all that Madrona Village has to offer while being conveniently located near schools, parks, shopping, dining, and everyday amenities. With its spacious layout, extensive updates, basement, garage, and desirable location, this well-cared-for townhome is ready for its next owner to enjoy. Schedule your showing today!

641 S Rosehall Lane, Round Lake

$479,000

4 Beds ⋅ 4 Baths ⋅ 12780472 MLS ⋅ NEW Status

PRAIRIE WALK SUBDIVISION | 6 BEDROOMS | 3.1 BATHS | FINISHED BASEMENT | 2-CAR ATTACHED GARAGE | PARK & TRAIL ACCESS | FULLY FENCED BACKYARD | BRICK PAVER PATIO & PERGOLA | GRAYSLAKE SCHOOLS | NEW ROOF (2022) | NEW FURNACE (2018) | Amazing curb appeal draws you in to this spacious Prairie Walk home, where thoughtful living spaces, and an exceptional outdoor amenities come together. A welcoming front porch creates the perfect spot to greet guests before entering, which opens to the spacious living room and adjoining dining room. Whether hosting holiday gatherings or intimate dinner parties, this inviting layout makes entertaining effortless. Continue into the heart of the home, where the spacious eat-in kitchen offers a generous amount of storage and workspace with a myriad of 42" cabinetry featuring crowned uppers and under-cabinet lighting, granite countertops, tile backsplash, quality appliances, a convenient closet pantry, and a large center island with additional cabinetry. The sunny breakfast area creates the perfect spot for casual meals, morning coffee, or gathering with family and friends, while the open connection to the family room keeps everyone connected whether you're cooking, relaxing, or entertaining. A brick fireplace adds warmth and character to the family room, creating an inviting backdrop for cozy evenings at home. French doors open to the first-floor office, offering a dedicated work-from-home space tucked away from the main living areas. A convenient half bath and laundry room complete the main level. Head upstairs to the spacious primary suite featuring a walk-in closet and private bath with dual-sink vanity, soaking tub, and separate shower. Three additional bedrooms offer generous closet space, while a second full bath and loft area provide even more flexibility. The fourth bedroom features a unique hidden bonus room tucked behind a bookshelf, a fun and unexpected space that has been used as a toy room, craft room, gaming room, hideout, and storage area over the years. The finished basement takes this home to another level with two additional bedrooms, a large rec room, and a full bath, creating an ideal space for guests, extended family, teenagers, hobbies, or an amazing in-law arrangement. With six bedrooms and multiple flexible living areas throughout, there is room for everyone. The backyard is ready for everything from everyday play to weekend entertaining. Head through the back door onto the expansive brick paver patio and enjoy the fully fenced yard, complete with a pergola that creates a comfortable outdoor gathering space. Relax under the pergola, gather around a fire, entertain friends, let the kids play, or give pets room to roam. Beyond the backyard gate, access the area's interconnected trails, offering the opportunity to enjoy a quick loop or venture out for miles. Mature landscaping adds to the appeal, including a towering maple tree providing summer shade, a redbud tree with gorgeous spring color, and native perennials and milkweed that attract butterflies and birds. Just minutes from your back door, Park School offers added convenience, while nearby Nippersink Forest Preserve and additional parks provide plenty of opportunities to enjoy the outdoors. Shopping, dining, and entertainment are also close by, and the Round Lake Beach Metra Station offers convenient commuter access toward downtown Chicago. All of this plus Grayslake schools, a two-car attached garage, a fully fenced backyard, and a floor plan designed for comfortable everyday living and memorable gatherings.

270 W Winding Trail Circle, Round Lake

$355,000

4 Beds ⋅ 3 Baths ⋅ 12775878 MLS ⋅ NEW Status

Welcome home to Valley Lakes & this light, bright split level with sub basement on a large corner lot. Offering 4 bedrooms, 2.5 baths and abundant natural light throughout. The main level features a bright living and dining room with vaulted ceilings, creating an open &airy feel, and flows seamlessly into the kitchen with stainless steel appliances (including a brand new refrigerator), pantry closet, and room for a dining table. Upstairs, you'll find three spacious bedrooms, including a private primary suite with an en-suite bathroom and an extra large walk in closet. Two additional bedrooms share the hall bath. The lower level offers a comfortable family room with access to the backyard, a fourth bedroom, half bath, and a laundry room with access to the attached 2 car garage. The sub basement provides excellent storage or the opportunity for additional living or hobby space. Enjoy the peaceful, fully fenced backyard with newer fence (2023) with a large patio - perfect for relaxing or entertaining. Recent improvements include a full driveway tear-out & replacement (2023), new sliding patio door & new second floor windows (2021). Appliance updates include new washer & dryer (2019), new range & microwave (2018). Ideally located with easy access to multiple parks, lakes, shopping, dining, and everyday conveniences. A wonderful opportunity in a great location!

183 Switchgrass Drive, Round Lake

$370,000

3 Beds ⋅ 3 Baths ⋅ 12760360 MLS ⋅ NEW Status

Lovely 2-Story Home With Modern, Open Floor Plan. Located On Cul-De-Sac With A Huge Corner Lot. Very Large Fenced-In Backyard - Not Your "Average Corner Lot Yard"! Full Basement, Partially Finished. 2 Car Attached Garage. Close To Schools, Shopping, Plenty Of Open Space, Nature Areas, Chain Of Lakes, And Parks - One Is Right Across The Street! Seller Added Beautiful Hardwood And Bamboo Floors, Transom Windows And Crown Molding! All Windows Except Basement Replaced 9/2020. Roof Siding And Gutters Replaced 6/2018. Fully Fenced 2016. New Dishwasher! Built In Gazebo (2021) And Trellis Stay. Gas Wood-Burning Fireplace. Convenient First Floor Washer/Dryer - New In 2025! Brick Paver Walkway And Patio. Master Bedroom Features Vaulted Ceilings, Ceiling Fan, Bamboo Flooring, Private Bath With Double Sinks, Nicely Tiled Tub/Shower Combo, And A Huge Walk-In Closet. Freshly Painted Interior! Plenty Of Living Areas To Enjoy With Living Room, Family Room And Finished Basement With Rec Room. No HOA! Existing Window Treatments Stay. Great Home! Please Review All Details Included In The Additional Information Sheet Uploaded To CONNECTMLS Before Showing And/Or Writing Offers. Thank You! **Level Square Footage Details: Upper Sq Ft: 1664, Above Grade Total Sq Ft: 1664, Finished Basement Sq Ft: 704, Unfinished Basement Sq Ft: 596, Total Basement Sq Ft: 1300, Aprox. Total Finished Sq Ft: 2368, Total Finished/Unfinished Sq Ft: 2964

168 S Osage Court, Round Lake

$134,000

1 Beds ⋅ 1 Baths ⋅ 12763606 MLS ⋅ NEW Status

A unique, cozy home with a lot to offer, both inside and out! This 1-bedroom, 1-bath home has been thoughtfully refreshed with updates throughout. The kitchen features freshly painted cabinetry, new countertops, a deep stainless-steel sink, updated flooring and under-cabinet lighting. The bathroom has also been refreshed with a new vanity, sink and faucet, updated fixtures and flooring. Fresh interior paint, new six-panel doors, ceiling light fixtures, window shades, outlets and switches add to the home's fresh, updated feel. A Rheem tankless electric water heater offers a convenient, wall-mounted, space-saving design. Just off the living room, a patio door opens to an impressive 420 sq. ft. wraparound deck, extending the living space outdoors and offering plenty of room to relax, entertain or simply enjoy the surrounding yard. Mature trees include Oak, Shagbark Hickory and Tulip, complemented by ornamental trees and shrubs such as Rose of Sharon, Choke Cherry and more, along with red and black raspberries and a variety of perennial plantings. Recent exterior improvements include freshly painted decking, new stairs, lattice, exterior lighting, gutters and fresh driveway blacktop, and more. Two sheds provide additional storage, including a woodshed with loft space. Not far from the Round Lake shoreline and close to the Round Lake channel, the setting offers wonderful opportunities for wildlife viewing, with John Huebner Park and Lakefront Park just a short distance away. With 25+ updates and improvements completed in 2025 and 2026 alone, there is so much more to appreciate about this special home.

726 N Park Road, Round Lake

$189,900

2 Beds ⋅ 2 Baths ⋅ 12778321 MLS ⋅ NEW Status ⋅ Treehouse In The Woods BLDG.

Clean, Well maintained, three level, modern town home with Brand new Stainless steel Whirlpool Appliances (with warranty), This terrific townhome has a 3 yrs young - Heating (Trane) and Air Conditioning - New 50 gallon (State) water heater. Interior - Updated, neutral & beautiful, including carpet, top quality manufactured Ridge Plex waterproof flooring, trim and tile. Clean bright updated Kitchen & Baths with oak cabinets, and Neutral fixtures, flooring and trim, as well as neutral decor through out. Large master bedroom with Vaulted ceiling and large closets. Move in condition. 4 minutes / 1.1 miles from Bright Meadows Park. 4 minutes / 1.4 miles to Hart's Hill Park. 4 minutes / 1.4 miles to Round Lake Marsh. 5 minutes / 1.7 miles to Asylum Skate Park. 5 minutes / 1.7 miles to Nippersink Forest Preserve. 15 minute / 6.7 miles to shopping. In the Chain of Lakes Region with all its fun and entertainment.

293 W Treehouse Lane, Round Lake

$379,000

3 Beds ⋅ 3 Baths ⋅ 12777482 MLS ⋅ ACTIVE Status

Enjoy ranch-style living and all that the Highland Lake subdivision has to offer! This highly desirable 3-bedroom ranch combines a comfortable, open layout with wonderful indoor and outdoor spaces, plus deeded lake access just a short distance from the home. Step inside to a bright, welcoming main level featuring hardwood floors throughout, vaulted ceilings and skylights that bring in plenty of natural light. The kitchen features birch cabinetry, stainless steel appliances, granite countertops and a breakfast bar. All three bedrooms are conveniently located on the main level, including the spacious primary suite with a walk-in closet, private bath with dual sinks and sliding doors leading to the backyard. The huge finished basement is an entertainer's dream, offering an impressive wet bar, projection screen, half bath and plenty of additional space for movie nights, a game room, home gym, office or guest area. Outside, enjoy a fenced backyard with a brick paver patio and fire pit, along with a concrete driveway. Deeded access to Highland Lake offers a pier, swimming area, dock and raft, with electric motors permitted on the lake. Nearby paths provide another way to enjoy the outdoors and connect to downtown Grayslake. Located in an unincorporated area with Grayslake schools and lower taxes, this home offers the convenience of ranch living, an incredible finished basement and a lake lifestyle you'll look forward to coming home to!

34439 N Hickory Lane, Round Lake

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