$450,000
SOLD DEC 18, 2025

2050 W Saunders Rd Lake Forest, IL 60045

5 Acres
$90,000 Price per Acre
217,800 Sq Ft Lot

Recently Sold

$112 Per Sq Ft

31% Below List Price

About This Lot

As of December 2025

Nestled in the heart of Lake Forest's coveted North Shore this exceptional 5-acre wooded parcel presents a rare opportunity. City of Lake Forest will approve 4 individual lots plus water detention pond, min of 40,000SF per lot (buyer will need to go through the process with Lake Forest). Tucked away at the end of the esteemed Conway Farms community, the property offers an unparalleled combination of privacy and prestige. For developers and builders the fundamentals couldn't be stronger: Lake Forest continues to see consistent demand for high-end new construction fueled by its nationally ranked schools, private residents-only beach, and historic downtown anchored by Market Square's dining, boutiques, and year-round events. A thoughtfully designed enclave here would capture discerning buyers seeking privacy, prestige, and modern living in a timeless setting. Ideally located just minutes from I-294/94 Highway 41 and Metra, this property blends natural beauty with seamless access to Chicago and the North Shore. Please view attached survey. Conceptual Site Plan is Available Upon Request.

Last Agent to Sell the Property

Jacqueline Luxem

@properties Christie's International Real Estate License #475172473 Listed on: 09/25/2025

@properties Christie's International Real Estate

Co-Listed By

Frankie DaPonte

@properties Christie's International Real Estate License #475190889

Last Buyer's Agent

Michael Swiatkiewicz

@properties Christie's International Real Estate License #475182156

@properties Christie's International Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $9,288

Lot Details

  • 5 Acre Lot
  • Lot Dimensions are 331 x 664
  • Property is zoned SINGL

Schools

  • Everett Elementary School
  • Deer Path Middle School
  • Lake Forest High School

Community Details

  • No Laundry Facilities

Property Details

Property Type

Land

Est. Annual Taxes

$9,288

Lot Details

5 Acres

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Estate, Residential, Single Family
  • Road Surface Type: Asphalt
  • General Information: School Bus Service
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement: None
  • Possible Use: Single Family
  • Basement Bathrooms: No

Exterior Features

  • Frontage Type: City Street
  • Waterfront: No

Utilities

  • Laundry Features: None
  • Utilities: Electricity Nearby, Natural Gas Nearby, Sewer Nearby, Water Nearby

Schools

  • Elementary School: Everett Elementary School
  • High School: Lake Forest High School
  • Middle/Junior School: Deer Path Middle School

Lot Info

  • Lot Size Acres: 5
  • Lot Dimensions: 331 X 664
  • Zoning: SINGL
  • Lot Size: 5.0-5.99 Acres
  • Special Assessments: N

Rental Info

  • Board Number: 8

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Annual Amount: 9288.36
  • Tax Year: 2024
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2025
Closed on
Dec 16, 2025
Sold by
Mcg Fund Ii Llc
Bought by
Lf Properties Llc
Seller's Agent
Jacqueline Luxem
@properties Christie's International Real Estate
Buyer's Agent
Michael Swiatkiewicz
@properties Christie's International Real Estate
List Price
$650,000
Sold Price
$450,000
Premium/Discount to List
-$200,000
-30.77%
Views
1
Current Estimated Value
$518,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,333
Avg. Annual Appreciation
68.81%

Purchase Details

Closed on
Jan 26, 2024
Sold by
Clairemon Development Company Llc
Bought by
Mcg Fund Il Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
8.5%
Mortgage Type
Construction

Purchase Details

Listed on
Nov 13, 2022
Closed on
Mar 20, 2023
Sold by
A & F Holdings Llc
Bought by
Clairemon Development Company Llc
Seller's Agent
Joe Tyler Gerber
Baird & Warner
Buyer's Agent
Kristen Hamilton
Compass
List Price
$288,000
Sold Price
$265,000
Premium/Discount to List
-$23,000
-7.99%
Views
131

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.88%

Purchase Details

Closed on
Sep 6, 2016
Sold by
Abc Bank
Bought by
A & F Holdings Llc

Purchase Details

Closed on
Jun 13, 2016
Sold by
Pebbleford Holdings Llc
Bought by
Abc Bank and Austin Bank Of Chicago

Purchase Details

Listed on
Feb 23, 2012
Closed on
Nov 26, 2012
Sold by
Lasalle 115 Holdings Llc Series 1
Bought by
Sak Brian
Seller's Agent
Pamela Rusin
America's Best Realty, Inc.
Buyer's Agent
Pamela Sauer
RE/MAX 10
List Price
$389,900
Sold Price
$300,000
Premium/Discount to List
-$89,900
-23.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.20%

Purchase Details

Closed on
Nov 1, 2011
Sold by
Andre Jeffrey D and Bmo Harris Bank N A
Bought by
Lasalle 115 Holdings Llc Series 1

Purchase Details

Closed on
Dec 30, 2003
Sold by
Srikantaswamy Siddalingappa
Bought by
Andre Jeffrey O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $450,000 Chicago Title
Special Warranty Deed $550,000 Chicago Title
Special Warranty Deed $265,000 --
Special Warranty Deed $310,000 Ct
Sheriffs Deed -- None Available
Special Warranty Deed $300,000 Premier Title
Sheriffs Deed -- None Available
Warranty Deed $1,400,000 Chicago Title Insurance Comp
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $850,000 Construction
Previous Owner $1,050,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/18/2025 12/18/25 Sold $450,000 -30.8% $112 / Sq Ft
10/05/2025 10/05/25 For Sale $650,000 +145.3% $162 / Sq Ft
10/04/2025 10/04/25 Pending -- -- --
03/22/2023 03/22/23 Sold $265,000 -1.8% $66 / Sq Ft View Prior Sale
02/14/2023 02/14/23 Pending -- -- --
01/16/2023 01/16/23 Price Changed $269,900 -6.3% $67 / Sq Ft
11/13/2022 11/13/22 For Sale $288,000 -4.0% $72 / Sq Ft
12/20/2012 12/20/12 Sold $300,000 -18.9% $75 / Sq Ft View Prior Sale
11/13/2012 11/13/12 Pending -- -- --
10/17/2012 10/17/12 Price Changed $369,900 -2.6% $92 / Sq Ft
09/19/2012 09/19/12 Price Changed $379,900 -2.6% $95 / Sq Ft
02/23/2012 02/23/12 For Sale $389,900 -- $97 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $9,220 $153,865 $153,865 --
2023 $9,220 $145,183 $145,183 --
2022 $18,754 $147,957 $146,085 $1,872
2021 $18,356 $146,362 $144,510 $1,852
2020 $18,013 $146,861 $145,003 $1,858
2019 $17,590 $146,319 $144,468 $1,851
2018 $17,822 $164,376 $162,593 $1,783
2017 $17,597 $160,539 $158,798 $1,741
2016 $18,818 $184,185 $152,062 $32,123
2015 $9,584 $172,248 $142,207 $30,041
2014 $10,556 $186,634 $152,731 $33,903
2012 $15,592 $288,637 $153,037 $135,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12478429

Midwest Real Estate Data (MRED)

APN: 15-01-100-012

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