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Gages Lake

Gages Lake

Located in Lake County

$184 Average Price per Sq Ft
2 Homes For Sale

Gages Lake started as a vacation community

Brothers John and George Gage sold plots of land around an unnamed lake in the 1840s, attracting residents from Chicago looking for a waterside summer home. The lake and neighborhood around it were named Gages Lake, honoring the brothers' initial development. The area has changed substantially since its earliest days, with almost all its land developed with houses, schools and parks. "There are older homes, newer homes and million-dollar homes in Gages Lake now," says Stacy Johnson, a broker associate at Baird & Warner and longtime resident of Chicago's Lake County. Gages Lake is now home to about 10,000 permanent residents who enjoy being close to well-rated schools, shopping and entertainment. The biggest draw, however, is still the lake. "There are beautiful homes alongside it, community beach parks and neighborhood events," Johnson says.

An American flag waves beside lakefront homes and docks along the shoreline of Gages Lake.
An American flag waves beside lakefront homes and docks along the shoreline of Gages Lake.
Gages Lake residents enjoy the proximity to well-rated schools, shopping and entertainment.
Gages Lake residents enjoy the proximity to well-rated schools, shopping and entertainment.
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Original cottages, modern styles and million-dollar homes

Subdivisions in Gages Lake are densely lined with homes and streets that wind around one another. Styles range from Cape Cods from the 1920s to bi-level and split-level homes from the mid-1900s to recently built new traditional and modern Craftsman mansions. "Many homes in the area were originally vacation cottages that have since been remodeled or have had additions," Johnson says. "There are also some teardowns, where people buy a lake cottage and build a million-dollar home in its place." Except for those few homes that sell at around $1 million, houses sell between $190,000 and $650,000. Townhouses and condos sell between $200,000 and $450,000. The median price is $315,000, and, according to Johnson, taxes tend to be cheaper because the area is unincorporated.

New traditional two-story homes line a quiet cul-de-sac in Gages Lake.
New traditional two-story homes line a quiet cul-de-sac in Gages Lake.
Neatly kept split-level and ranch homes line a sunny residential street in Gages Lake.
Neatly kept split-level and ranch homes line a sunny residential street in Gages Lake.
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Boating, fishing and neighborhood events at Gages Lake

Waterside parks along the lake include Pebble Beach, Willow Point and Sunset Beach. Wildwood Park District oversees the lake and its parks, and the Gages Lake Conservation Committee controls weed, algae and lily pad levels. The committee also restocks fish and tests water quality levels. Events at parks along the water include Harvest Fest, an ice fishing derby and an ice golf tournament.
Warren Township Park has sports courts and fields, a big playground, a skate park and a designated hill for sledding in the snowy winter months. Golfers have many nearby options in courses, with four courses within a mile drive of the lake.

Golfers line up their shots under blooming trees at Brae Loch Golf Club in Gages Lake.
Golfers line up their shots under blooming trees at Brae Loch Golf Club in Gages Lake.
A family of turtles does some sun bathing on a rock at Willow Point Park in Gages Lake.
A family of turtles does some sun bathing on a rock at Willow Point Park in Gages Lake.
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More than 200 stores and restaurants are at Gurnee Mills

There are a few local restaurants, bars and shops near Gages Lake, and Jewel-Osco is a short drive west. Large shopping plazas with national retailers, grocers and a big mall are along West Grand Avenue, 4 miles northeast, next to Interstate 94. Gurnee Mills is one of the largest retail shopping destinations in the state. The mall has over 200 restaurants, shops and department stores, not including the additional stores and restaurants around its perimeter.

Gurnee Mills shopping mall houses large retailers and attracts thousands to the indoor mall.
Gurnee Mills shopping mall houses large retailers and attracts thousands to the indoor mall.
The wild looking Rainforest Cafe at Gurnee Mills is a fun restaurant stop.
The wild looking Rainforest Cafe at Gurnee Mills is a fun restaurant stop.
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Millions of people visit the area each year, but it's not a nuisance

Six Flags Great America is on the other side of Interstate 94 from the mall and an even closer drive to the neighborhood. The amusement park attracts between 2 million and 3 million residents yearly. Six Flags has concerts, family rides, Hurricane Harbor water park and 16 rollercoasters. The park is less than 3 miles from the neighborhood, but "It's far enough away that it doesn't cause any problems at all," Johnson says. "The interstate does a great job of keeping traffic away from the surrounding neighborhoods and suburbs. I've lived here for 25 years and have only been stuck in Great American traffic twice."

Fall Craft and Vendor Market takes place at Gurnee Mills Mall during a November weekend.
Fall Craft and Vendor Market takes place at Gurnee Mills Mall during a November weekend.

Attending six different school campuses before graduation

Woodland Primary School teaches prekindergarten and kindergarten students and is rated B-plus by Niche. Woodland Elementary School teaches first through third-grade kids and is rated A-minus. Woodland Intermediate School is a B-plus school for fourth and fifth graders. Woodland Middle School is rated B. Warren Township High School divides students between two campuses for lower and higher grades. The two schools receive a collective grade of A.

Woodland Primary School is part of Woodland School District 50 and receives a B-plus from Niche.
Woodland Primary School is part of Woodland School District 50 and receives a B-plus from Niche.
Warren Township High School - O'Plaine Campus primarily houses 9th and 10th graders.
Warren Township High School - O'Plaine Campus primarily houses 9th and 10th graders.
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Interstate 94 is a main connective highway nearby

Pace bus route 572 goes through Gages Lake, and other routes stop nearby. Downtown Chicago is 42 miles southeast, and while some residents commute to the city, "The neighborhood is close to Interstate 94, and there are so many businesses and companies along the throughway where people work," Johnson says. Chicago O'Hare International Airport is 30 miles south. Advocate Condell Medical Center and Lovell Federal Health Care Center are each about 9 miles away.

Heather Haggerty
Written By
Heather Haggerty
Charlie Lingner
Video By
Charlie Lingner

Interested in learning more about homes in this area? Reach out to Elizabeth Trevino Martinez, an experienced agent in this area.

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Gages Lake Housing Trends

Housing Trends

Median List Price
$299,000
Median Sale Price
$295,000
Median Single Family Sale Price
$300,000
Median 2 Bedroom Sale Price
$225,000
Median Change From 1st List Price
0%
Last 12 months Home Sales
59
Median Home Sale Price YoY Change
-$2
Average Price Per Sq Ft
$184

Neighborhood Facts

Number of Homes for Sale
2
Months of Supply
0.40

Open Houses

  • Sunday, Jun 29
    2 - 4pm

    33303 N Algonquin Dr, Grayslake, IL 60030

    $349,900

    • 4 Beds
    • 2 Baths
    • 1,838 Sq Ft
    • 33303 N Algonquin Dr
    • New 2 days ago

    Step inside this beautifully remodeled home in the desirable Gage's Lake subdivision and feel immediately welcomed by a bright and open living space. As you enter, you're greeted by an inviting living room filled with natural light and modern finishes that flow seamlessly throughout the home. The adjacent dining area and kitchen create a perfect space for entertaining, featuring updated

    Paul Baker Platinum Partners Realtors

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  • Sunday, Jun 29
    10am - 12pm

    33670 N Lake Shore Dr, Grayslake, IL 60030

    $549,900

    • 4 Beds
    • 2 Baths
    • 2,520 Sq Ft
    • 33670 N Lake Shore Dr
    • New 7 days ago

    Stunning Lakefront Retreat - Fully Renovated! Wake up to breathtaking lake views right from your living room in this beautifully updated waterfront home. Recently remodeled throughout, the home features a modern kitchen with sleek quartz countertops, stainless steel appliances, new flooring, and a stylishly renovated bathroom. Enjoy year-round recreation right outside your back door-swimming,

    Sergiusz Zgrzebski Keller Williams Premiere Properties

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value



Source: Public Records

Property Mix - Square Feet

Gages Lake Has More Owners

Demographics

Total Population
10,494
Median Age
42
Population Density
3 ppl/acre
Population under 18
22.6%
On par with the national average
23.8%
Population over 65
18.2%
On par with the national average
19.1%

Finances

Median Household Income
$98,645
Significantly above the national average
$71,702
Average Household Income
$126,540

Education and Workforce

High School Graduates
94.9%
Above the national average
89.1%
College Graduates
40.5%
Above the national average
34.1%
Advanced Degrees
14%
% Population in Labor Force
69.5%
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Gages Lake