Why Live in Lake Pointe
Lake Pointe in Springfield is a neighborhood known for its blend of modern homes and natural surroundings. Established in 1994, the area features mature trees and two ponds, with Lake Springfield just a short distance away. The community includes both single-family homes and an apartment complex, catering to families and students from the nearby University of Illinois Springfield. Homes here are built in New Traditional styles, ranging from 1995 to 2024, with sizes averaging 3,000 square feet on quarter to half-acre lots. The neighborhood is managed by an active homeowners association, which maintains common areas and organizes community events.
Lake Pointe is zoned for the highly rated Ball-Chatham School District, with Ball Elementary, Glenwood Elementary, Glenwood Intermediate School, and Glenwood High School serving the area. The neighborhood is safer than the national average, with a buffer of trees mitigating noise from nearby train tracks. Residents enjoy proximity to Lake Springfield, where activities like paddleboarding and kayaking are popular, though swimming is not allowed. The private Island Bay Yacht Club and other local clubs offer boating and social opportunities.
For dining and shopping, Toronto Road provides several options, including Route 66 Motorheads Bar and Grill, while larger stores like Aldi and Walmart are 4 miles away. The neighborhood's location near I-55 offers convenient access to downtown Springfield, just 10 minutes north, and connects to Chicago and St. Louis. Local attractions within a 10-minute drive include the Henry Robinson Zoo and Southwind Park, enhancing the area's appeal.
Frequently Asked Questions
Is Lake Pointe a good place to live?
Lake Pointe is a good place to live. Lake Pointe is considered very car-dependent and somewhat bikeable with some transit options. Lake Pointe is a cul de sac neighborhood. Lake Pointe has 3 parks for recreational activities. It is somewhat dense in population with 7.0 people per acre and a median age of 43. The average household income is $120,120 which is above the national average. College graduates make up 49.1% of residents. A majority of residents in Lake Pointe are home owners, with 32.7% of residents renting and 67.3% of residents owning their home. A
local real estate agent serving Lake Pointe can help you decide if this neighborhood is the right one for you. Learn more on our
Lake Pointe neighborhood guide.
How much do you need to make to afford a house in Lake Pointe?
The median home price in Lake Pointe is $459,900. If you put a 20% down payment of $92,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $2,380 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $102K a year to afford the median home price in Lake Pointe. The average household income in Lake Pointe is $120K.
What are the best public schools in Lake Pointe?
The best public schools that serve Lake Pointe are:
What are the most popular zip codes in Lake Pointe, Springfield, IL?
What are the most popular neighborhoods near Lake Pointe, Springfield, IL?
Home Trends in Lake Pointe, IL
On average, homes in Lake Pointe, Springfield sell after 506 days on the market compared to the national average of 70 days. The median sale price for homes in Lake Pointe, Springfield over the last 12 months is $444,900, up 38% from the median home sale price over the previous 12 months.
Median Sale Price
$444,900
Median Single Family Sale Price
$444,900
Average Price Per Sq Ft
$242
Number of Homes for Sale
0
Last 12 months Home Sales
2
Median List Price
$459,900
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
38%
