7220 State Park Rd Fox Lake, IL 60020
Northwest Fox Lake NeighborhoodEstimated payment $17,758/month
About This Lot
Your next development opportunity has arrived! With 102 acres of land ideally situated for residential development in the picturesque Chain-O-Lakes area, the potential for this project is significant and the developer will have the Village of Fox Lake's full support. Currently a majestic golf course with rolling hills and mature trees, this is a truly unique property. Zoned R-3 allowing for single family and multi-family housing. Highly attractive location within close proximity to essential amenities like shopping, restaurants, highways, and a hospital, as well as recreational activities like boating and access to the lake life. A 7,000-square-foot clubhouse, with capacity to entertain 200+ guests, offers an excellent opportunity to create a community space for the neighborhood and can also be used immediately as a sales office. Opportunity awaits to develop a residential community in the rapidly growing Chain-O-Lakes area. Preview the property through the Virtual Tour link above and then contact the agent to see it in person.
Property Details
Property Type
- Land
Est. Annual Taxes
- $23,415
Lot Details
- 102.35 Acre Lot
- Lot Dimensions are 1327 x 2649 x 2276 x 3372
- Property fronts a state road
Parking
- Driveway
Schools
- Grant Community High School
Map
Home Values in the Area
Average Home Value in this Area
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 | $19,755 | $238,645 | $167,735 | $70,910 |
| 2023 | $23,415 | $227,420 | $163,926 | $63,494 |
| 2022 | $23,415 | $260,034 | $161,429 | $98,605 |
| 2021 | $21,380 | $230,615 | $138,607 | $92,008 |
| 2020 | $21,486 | $228,015 | $138,548 | $89,467 |
| 2019 | $21,015 | $224,015 | $138,458 | $85,557 |
| 2018 | $22,922 | $235,077 | $138,508 | $96,569 |
| 2017 | $23,066 | $230,330 | $138,411 | $91,919 |
| 2016 | $25,346 | $229,416 | $138,393 | $91,023 |
| 2015 | $25,588 | $330,722 | $138,455 | $192,267 |
| 2014 | $24,280 | $227,163 | $138,455 | $88,708 |
| 2012 | $33,797 | $231,832 | $138,456 | $93,376 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/07/2025 11/07/25 | Price Changed | $2,999,000 | -23.1% | -- |
| 05/20/2025 05/20/25 | For Sale | $3,900,000 | 0.0% | -- |
| 05/01/2025 05/01/25 | Off Market | $3,900,000 | -- | -- |
| 03/24/2025 03/24/25 | Price Changed | $3,900,000 | -9.3% | -- |
| 01/09/2025 01/09/25 | Price Changed | $4,300,000 | -10.4% | -- |
| 09/25/2024 09/25/24 | Price Changed | $4,800,000 | -12.7% | -- |
| 07/30/2024 07/30/24 | Price Changed | $5,500,000 | -15.4% | -- |
| 05/29/2024 05/29/24 | For Sale | $6,500,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12056895
APN: 01-28-300-060
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