$642,000

303 Mainsail Dr Third Lake, IL 60030

Estimated payment $4,620/month

Total Views 1,302
3 Beds
2.5 Baths
2,368 Sq Ft
$271 Price per Sq Ft

Highlights

  • Hot Property
  • Lake Front
  • Lake Privileges
  • Grayslake North High School Rated A
  • Solar Power System
  • Mature Trees

About This Home

Welcome to your year-round vacation retreat-right at home! Nestled on a private lake, this inviting traditional-style residence offers the perfect blend of comfort, charm, and endless recreation. From your own pier and private beach, you can boat, fish, swim, or even ice skate in winter-every season brings something special.A welcoming front porch sets the tone, leading into a meticulously cared-for interior with fresh paint and a recently updated kitchen. The expansive primary suite is a true escape, featuring a sitting area, luxury bath, and a private balcony with sweeping views of the water. The finished basement expands your living space with a versatile recreation area and workshop.Outdoors, the spacious backyard is perfect for entertaining, with a stone patio and room to relax while enjoying the natural beauty. Watch graceful swans glide by or experience the unique joy of tapping syrup from your very own maple tree.This is more than a home-it's a lifestyle, offering comfort, charm, and the ultimate waterfront living.

Listing Agent

Nano Engdahl

Baird & Warner License #475130315 Listed on: 08/27/2025

Baird & Warner

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,282

Year Built

  • Built in 1988

Lot Details

  • 9,888 Sq Ft Lot
  • Lake Front
  • Paved or Partially Paved Lot
  • Mature Trees

HOA Fees

  • $21 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Driveway
  • Parking Included in Price

Home Design

  • Asphalt Roof

Interior Spaces

  • 2,368 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Window Screens
  • Mud Room
  • Family Room
  • Living Room
  • Formal Dining Room
  • Recreation Room
  • Water Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Outdoor Features

  • Tideland Water Rights
  • Lake Privileges
  • Balcony
  • Patio

Schools

  • Avon Center Elementary School
  • Frederick Middle School
  • Grayslake North High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • Solar Power System
  • Property is near a park

Community Details

  • Association fees include lake rights
  • Mariners Cove Subdivision
  • Property managed by Mariner's Cove HOA
  • Community Lake

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,282

Year Built

Built in 1988

Lot Details

0

HOA Fees

$21 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple w/ HO Assn.
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Subdivision Name: Mariners Cove
  • Year Built: 1988
  • Age: 31-40 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Basement: Partially Finished, Full
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • LivingArea: 2368
  • Other Equipment: Ceiling Fan(s), Sump Pump, Backup Sump Pump;, Water Heater-Gas
  • Room Type: Recreation Room, Mud Room, Other Room
  • Window Features: Screens
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 2368
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Flooring: Carpet

Exterior Features

  • Construction Materials: Cedar
  • ExteriorFeatures: Balcony, Lighting
  • List Price: 642000
  • Lot Features: Water Rights, Mature Trees, Views
  • Patio And Porch Features: Patio
  • Roof: Asphalt
  • View: Water
  • Waterfront Features: Lake Front, Lake Privileges, Waterfront
  • Waterfront: Yes

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Concrete, Garage Door Opener, On Site, Garage Owned, Attached, Garage
  • ParkingTotal: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 250
  • Association Fee Frequency: Annually
  • Community Features: Park, Lake, Water Rights, Curbs, Sidewalks, Street Paved
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Mariner's Cove HOA
  • Management Contact Name: xxx
  • Management Phone: 123-123-1234

Fee Information

  • Association Fee Includes: Lake Rights

Schools

  • Elementary School: Avon Center School
  • High School: Grayslake North High School
  • Middle/Junior School: Frederick
  • Middle/Junior School District: 46

Green Features

  • GreenEnergyEfficient: Photovoltaic/Solar System

Lot Info

  • Lot Size Acres: 0.227
  • Lot Dimensions: 9901
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N
  • Zero Lot Line: No

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 13282.5
  • Tax Year: 2024
  • Tax Exemptions: Homeowner

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $12,687 $135,584 $15,663 $119,921
2023 $13,637 $124,435 $14,375 $110,060
2022 $13,637 $128,756 $37,121 $91,635
2021 $13,516 $123,757 $35,680 $88,077
2020 $13,570 $117,752 $33,949 $83,803
2019 $13,113 $112,973 $32,571 $80,402
2018 $14,731 $126,484 $37,563 $88,921
2017 $14,675 $118,976 $35,333 $83,643
2016 $14,104 $109,827 $32,616 $77,211
2015 $13,772 $100,335 $29,797 $70,538
2014 $12,216 $89,611 $26,843 $62,768
2012 $11,986 $93,588 $28,034 $65,554
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2025 08/28/25 For Sale $642,000 -- $271 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Warranty Deed $322,500 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $163,000 Credit Line Revolving
Closed $50,000 Credit Line Revolving
Closed $250,000 Unknown
Closed $50,000 Credit Line Revolving
Closed $256,000 Unknown
Closed $258,000 Unknown
Closed $258,000 No Value Available
Source: Public Records

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