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$1,399,000 -$100,000 (-6.67%) Price Reduced

  • For Sale
  • Active
  • Condo
  • 2 Beds
  • 2 Full Baths
  • 2,088 Sq. Ft.
  • 2 Car Garage
  • Updated 2 days ago
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Sunfilled, beautifully updated ('26) condo located in an intimate boutique building in the heart of Lake Forest. A gracious foyer welcomes you into a home filled with timeless style, modern updates, and luxurious finishes. The stunning living room features a gorgeous gas fireplace, elegant Philip Jeffries silk wall coverings, designer lighting, and oversized windows that fill the space with natural light. The adjoining dining room is perfect for entertaining, complete with a statement chandelier, custom built-in buffet with two beverage refrigerator and great storage. The bright, thoughtfully designed kitchen offers crisp white cabinetry, walnut butcher block and granite counters, and excellent storage and prep space. Just beyond, a newly finished library with custom built-ins and designer wall coverings provides a flexible space ideal for a home office, den, or third bedroom. The spacious primary suite is a peaceful retreat with custom closets and new, spa-inspired bath featuring a double vanity and zero-threshold walk-in shower with low-iron glass. A sun-filled guest bedroom with south and east exposures sits near a beautifully renovated second bath. Additional updates include designer lighting, refinished hardwood floors, custom built-ins and millwork, California Closets, Hartman & Forbes automated blinds, Sonos sound system, three OLED 4K TVs, reverse osmosis drinking water, and a remote-controlled fireplace. This move-in ready home also includes two heated garage spaces, guest parking, elevator access, and a secure intercom system - all in an exceptional Lake Forest location close to everything.

Full Property Details for 485 Oakwood Ave #D-2

General

  • Price: $1,399,000
  • HOA FEE: $988/month
  • Taxes: $15,449 (2024)
  • Status: Active
  • Type: Condo
  • Source: MRED
  • MLS ID: 12645378

Interior

  • Basement: None
  • Interior Features: Dry Bar, Elevator, Storage, Built-in Features
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Living Room, Gas Log, Gas Starter
  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Freezer, Washer, Dryer, Disposal, Humidifier
  • Flooring: Hardwood

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bathroom Features: Separate Shower

Bedrooms

  • Total Bedrooms: 2

Additional Information

  • Shared Amenities: Storage, Security Door Lock(s)
  • Equipment: Security System, Intercom, Fire Sprinklers, Carbon Monoxide Detectors
  • Other Features: School Bus Service, Commuter Train

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 2
  • Total Spaces: 2
  • Parking Features: Concrete, Garage Door Opener, Heated Garage, Yes, Garage Owned, Attached, Garage

Location

  • Area: Lake Forest
  • County: Lake
  • Township: Shields
  • Driving Directions: Deerpath to Oakwood, South to 485

School Information

  • School District: 67
  • Elem School District: 67
  • Midd School District: 67
  • High School District: 115
  • Elementary School: Sheridan Elementary School
  • Middle School: Deer Path Middle School
  • High School: Lake Forest High School
  • Private School: Lake Forest High School

Community

  • Assoc. Fees Include: Water, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
  • Pets Allowed: Yes
  • Pets: Number Limit, Size Limit
  • Pet Restrictions: Number Limit, Size Limit, / 25lbs.
  • Mgmt. Company: Wilder Managment

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Natural Gas, Forced Air

Utilities

  • Sewer: Storm Sewer
  • Water: Lake Michigan

Structural Information

  • Structure Type: Condo
  • Construction: Brick
  • Exterior Const.: Brick
  • Basement Desc.: None
  • Foundation: Concrete Perimeter
  • Sub-Flooring: Hardwood
  • Entry Floor Number: 2
  • Stories/Levels: 3
  • Square Feet: 2,088
  • Sq. Ft. Source: Assessor
  • Year Built: 1987
  • Remodeled/Updated: 2026

Unit Information

  • Units in Building: 11

Lot Features

  • Lot Dimensions: CONDO
  • Lot Features: Common Grounds

Animals

  • Animals Allowed: Number Limit, Size Limit

Financial Considerations

  • Association Fee: $988
  • Assoc Fee Freq.: Monthly
  • Assessment Year: 1987
  • Tax Amount: $15,449
  • Tax Year: 2024
  • Pays Sewer: Storm Sewer

Disclosures and Reports

  • Ownership: Condo
  • Special Conditions: List Broker Must Accompany
  • Property ID: 12331230320000

Listed by Compass

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— 485 Oakwood Ave #D-2 —

  • Compass

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Tax History for 485 Oakwood Ave #D-2

Year
Property Taxes
Change
Tax Assessment
Change
2024
$15,449
7%
$306,847
15%
2024
$14,445
17%
$266,344
8%
2023
$12,336
3%
$245,524
14%
2022
$11,988
2%
$215,297
1%
2021
$11,723
5%
$213,440
-1%
2020
$11,135
—
$214,620
2%
2019
$11,135
-9%
$210,681
-13%
2018
$12,196
3%
$241,064
2%
2017
$11,785
2%
$237,034
5%
2016
$11,544
1%
$225,618
6%
2015
$11,404
-15%
$212,446
—
2014
$13,346
3%
$212,446
-13%
2013
$12,918
1%
$243,674
-4%
2012
$12,735
—
$255,020
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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485 Oakwood Avenue #D-2, Lake Forest, IL 60045 (MLS# 12645378) is a Condo property with 2 bedrooms and 2 full bathrooms. 485 Oakwood Avenue #D-2 is currently listed for $1,399,000 and was received on May 12, 2026. Want to learn more about 485 Oakwood Avenue #D-2? Do you have questions about finding other Condo real estate for sale in Lake Forest? You can browse all Lake Forest real estate or contact a Coldwell Banker agent to request more information.

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