$409,001Average Value$201Average Price per Sq Ft12Homes For Sale
Lakes and ponds anchor Virginia Lake neighborhood
Virginia Lake, located in the northwest Palatine suburbs of Chicago, is sandwiched between two nature preserves, with plenty of green and blue space in between. Named after the largest recreational lake in the neighborhood—one of several bodies of water—Virginia Lake offers families access to highly rated schools and a range of housing options.
From condos and townhouses for renters and investors to waterfront split-levels for those who love a view, many neighborhoods surround a pond or lake. Virginia Lake draws residents from around the world, with a strong multicultural community.
Many single-family Virginia Lake homes include a garage.
Homes surround neighborhood ponds and lakes
Virginia Lake has a balance of single-family ranches and split-levels, as well as condos and townhouse units for sale. While most who buy single-family homes live in the neighborhood themselves, some who invest in condos rent them to other tenants. Two-bedroom units typically sell for around $200,000, and waterfront homes, most of which include a garage, sell for between $400,000 and $600,000. Real estate in Virginia Lake doesn’t linger on the market for long; single-family homes, most built in the 1970s onward, go fast, as do condos. “The condos are very rentable,” says Galya Georgieva, a Coldwell Banker Haynes Realty agent, who owns rental property nearby. “There are no vacancies there.”
Culturally responsive schools attract families
Virginia Lake’s quality schools are a big draw for families with children. Kids can attend Virginia Lake Elementary School from prekindergarten until sixth grade, awarded a B-plus from Niche, before moving on to Winston Campus Junior High School, which receives a B-minus. Given the community’s diverse international population, Virginia Lake Elementary School uses Culturally and Linguistically Responsive Teaching to empower its students to succeed academically while validating their home language and culture. They can finish their secondary education at Palatine High School, which receives a grade of A and accepted a Blue Ribbon Award from the United States Department of Education.
Children can attend Virginia Lake Elementary School.
Virginia Lake teenagers can go to Palatine High School.
Palatine High School offers several recreational facilities.
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Bike trail runs from park to preserve
Virginia Lake is teeming with opportunities to enjoy nature. There’s Celtic Park on the north side of the neighborhood, which features a soccer field, a playground as well as a small pond next to the high school. Sycamore Park, next to the Spinnaker Cove neighborhood, in the south, features tennis and pickleball courts, as well as a softball field. Palatine Bike trail runs through the park, offering hikers and bikers a safe way to explore the area from the main thoroughfare, Dundee Road, to the Winston Park Northeast neighborhood.
Small retention ponds that manage the Chicago area’s high rainfall dot the neighborhood, around which condominium complexes and cul-de-sacs with single-family homes are situated. Residents can stroll around the smaller ponds, and swim or fish in Virginia Lake. For a more immersive nature experience, residents can frequent the nearby Deer Grove East nature preserve. “It’s really nice,” says Matt Hernacki, a real estate agent with MisterHomes, who specializes in the Northwest suburbs of Chicago. “It has a paved hiking trail, a mountain biking trail and campsites.”
Sycamore Park features tennis courts.
Residents can fish in Virginia Lake.
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Culturally diverse food next to American retail
Virginia Lake features two shopping centers with several big-box stores. From Ross Dress for Less, TJ Maxx, HomeGoods, Target and Hobby Lobby, for everything home and closet, to Aldi, Jewel-Osco and Walmart for grocery needs, while adjacent Park Place Shopping Center and Deer Grove Centre supply the neighborhood. While there are several fast-food restaurants, Jameson’s Charhouse, across the expressway, in Arlington Heights, serves prime-cut steak and other high-end dishes. The two main shopping plazas offer culturally diverse bites between shopping trips with restaurants like Kosta’s Gyros, Thai House Restaurant and Islas Veracruz.
Deer Grove Center features Jewel-Osco for grocery shopping in Virginia Lake.
Park Place Shopping Center in Virginia Lake includes a Goodwill store.
Virginia Lake residents can get food from Kosta's Gyros at Deer Grove Center.
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Close to Downtown Palatine and Chicago
Virginia Lake is a true suburb—most residents rely on cars to travel in and out of the neighborhood. Bordered by Route 53, which eventually becomes Interstate 290 and feeds into Chicago proper, Virginia Lakes is about a 40-minute commute to the city center. Residents can also travel to Downtown Palatine using Hicks Road, which borders the neighborhood to the west. There, the Palatine Metra Station takes commuters to Downtown Chicago.
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
On average, homes in Virginia Lake, Palatine sell after 22 days on the market compared to the national average of 52 days. The median sale price for homes in Virginia Lake, Palatine over the last 12 months is $211,000, up 13% from the median home sale price over the previous 12 months.
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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.
