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Lake Petersburg Homes for Sale

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  • /33

    $339,000

    • 2 Beds
    • 2.5 Baths
    • 2,400 Sq Ft

    231 N Shore Dr, Petersburg, IL 62675

    STUNNING CHIC 2 bed/ 2.5 ba home nestled in private lot on Lake Petersburg! This homes main floor was completely gutted and floor plan flipped & reconfigured to accommodate lake living in 2019! New insulation, trim, doors, drywall, sliders, windows, lighting, bamboo flooring...WOW!! Open floor plan all focused on views of the lake! Gorgeous Kitchen boasts HUGE focal eat at granite island,

    Kim Wenda RE/MAX Professionals

    231 N Shore Dr, Petersburg, IL 62675
  • /43

    $279,000

    • 4 Beds
    • 2.5 Baths
    • 3,197 Sq Ft

    327 Elm Ln, Petersburg, IL 62675

    Bring the family, bring the friends, bring the pets -- there is plenty of room inside and out here to experience all that Lake Petersburg has to offer you and yours! This sprawling ranch style home offers 4 bedrooms, 2.5 baths, two separate attached garages, two floors of finished living space, and a massive rear deck with choice panoramic views! Main floor of home boasts a roomy rear facing

    Seth Goodman ME Realty

    327 Elm Ln, Petersburg, IL 62675
  • /6

    $70,000

    • Land
    • 0.00 Acre

    68 Almond Ln, Petersburg, IL 62675

    Get ready to enjoy the lake with a gorgeous lot giving you access to great water on one of the most sought after areas of the lake. This gorgeous lot has mature trees and enough slope to accommodate a house plan with a walkout basement. This won't last long. Come check out one of the last vacant lots on Lake Petersburg!

    Patricia VanEtten RE/MAX Professionals

    68 Almond Ln, Petersburg, IL 62675

Why Live in Lake Petersburg

Lake Petersburg, located just south of Petersburg, is a private lakeside community known for its exclusive access to the lake's recreational activities such as jet skiing, fishing, and swimming. The neighborhood features a mix of ranch-style homes from the 1960s and 70s, modern properties, and open lots, all with private docks and expansive lake views. Homes typically offer around 2,000 square feet of living space on lots larger than a quarter acre. Streets are gravel without sidewalks, adding to the rural, rustic charm. The Lake Petersburg Association, which all homeowners are part of, organizes community events like weekly bass fishing tournaments and a Fourth of July fireworks show. The association also manages the community's sewer system and enforces building and rental regulations. Nearby attractions include the Shambolee Golf Course and Lincoln's New Salem State Historic Site, offering outdoor activities and historical exploration. The community is about two miles from Petersburg, a small town with local businesses such as the Broadgauge entertainment venue, Hand of Fate brewery, and Mom + Pop's diner. For more extensive amenities, Springfield is 20 miles away, providing larger hospitals, more employers, and a regional airport. The PORTA Community Unit School District No. 202 serves local children, offering a range of academic programs in a close-knit environment. The crime rate in Lake Petersburg is lower than the national average, contributing to its appeal as a peaceful residential area.

Frequently Asked Questions

Is Lake Petersburg a good place to live?
Lake Petersburg is a good place to live. Lake Petersburg is considered very car-dependent and somewhat bikeable. Lake Petersburg is a destination neighborhood. It is sparse in population with 0.6 people per acre and a median age of 45. The average household income is $86,570 which is below the national average. College graduates make up 28% of residents. A majority of residents in Lake Petersburg are home owners, with 23.3% of residents renting and 76.7% of residents owning their home. A local real estate agent serving Lake Petersburg can help you decide if this neighborhood is the right one for you. Learn more on our Lake Petersburg neighborhood guide.
How much do you need to make to afford a house in Lake Petersburg?
The median home price in Lake Petersburg is $387,450. If you put a 20% down payment of $77,500 and had a 30-year fixed mortgage with an interest rate of 6.5%, your estimated principal and interest payment would be $1,960 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $84K a year to afford the median home price in Lake Petersburg. The average household income in Lake Petersburg is $87K.
What are the best public schools in Lake Petersburg?
The best public schools that serve Lake Petersburg are:
What are the most popular zip codes in Lake Petersburg, Petersburg, IL?
The most popular zip codes in Lake Petersburg, Petersburg, IL include 62675, 62613, 62627, 62677 and 62625.
What are the most popular neighborhoods near Lake Petersburg, Petersburg, IL?
The most popular neighborhoods near Lake Petersburg, Petersburg, IL are Oak Ridge, North End Association Take Two, Historic West Side, Oaks and Koke Mill East.

Home Trends in Lake Petersburg, IL

Housing Trends

Median Sale Price
$407,500
Median Single Family Sale Price
$401,000
Average Price Per Sq Ft
$141
Number of Homes for Sale
2
Last 12 months Home Sales
20
Months of Supply
1.20
Median List Price
$387,450
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
22%
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