Why Live in Lakeview Estates
Lakeview Estates in Frankfort is a recently developed neighborhood known for its luxurious homes and access to distinctive parks. The area features wide, meandering roads leading to custom homes with a new traditional aesthetic, characterized by brick and stone exteriors, arch and column-led entrances, and three-car garages. Homes typically offer four to five bedrooms, with high-end interiors including floor-to-ceiling windows, gas fireplaces, and hardwood flooring. The neighborhood is within Frankfort School District 157-C, with highly rated schools such as Grand Prairie Elementary, Chelsea Intermediate, Hickory Creek Middle School, and Lincoln-Way East High School, which is noted for its successful varsity football team.
Residents enjoy a variety of local amenities and things to do, including Timbers Edge Park and Lakeview Park, which offer playgrounds, picnic shelters, and fishing ponds. The nearby 60-acre Commissioners Park features a lighted sledding hill, a dog park, and a community-built play area with a splash pad. Downtown Frankfort, about 3 miles away, provides unique dining options like Fat Rosie’s Taco & Tequila Bar and Kup A Joe Café, as well as specialty shops such as Down Home Guitars and Hammar’s Mercantile. The area also hosts numerous events, including the Frankfort Bluegrass Festival and the Frankfort Fall Festival.
For commuters, Interstate 57 is accessible via Laraway Road, and the Metra commuter rail at Richton Park station is about 6 miles east. Chicago Midway International Airport is approximately 35 miles north. Emergency services are available at Franciscan Health Olympia Fields Hospital, about 9 miles northeast.
Home Trends in Lakeview Estates, IL
On average, homes in Lakeview Estates, Frankfort sell after 39 days on the market compared to the national average of 52 days. The median sale price for homes in Lakeview Estates, Frankfort over the last 12 months is $675,000, down 1% from the median home sale price over the previous 12 months.
Median Sale Price
$675,000
Median Single Family Sale Price
$671,950
Average Price Per Sq Ft
$216
Number of Homes for Sale
18
Last 12 months Home Sales
30
Median List Price
$677,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-1%