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$1,960,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 7 Beds
  • 5 Full Baths
  • 1 Partial Bath
  • 4,919 Sq. Ft.
  • 2 Car Garage
  • Updated 3 days ago

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Ideally situated in coveted East Lake Forest, this gracious residence offers over 4,200 square feet of beautifully proportioned living space on a picturesque property just moments from Market Square, the train, parks, and the Gorton Community Center. Designed for both comfortable daily living and effortless entertaining, the home features six-plus bedrooms and five-and-a-half baths, providing exceptional flexibility for family, guests, and work-from-home needs. Generously scaled rooms, abundant natural light, and thoughtful flow create an inviting atmosphere throughout. The expansive primary suite serves as a private retreat, complete with dual dressing rooms and two separate bathrooms-an increasingly rare and sought-after luxury. Spacious secondary bedrooms offer comfort and privacy, while multiple gathering spaces accommodate every stage of life. Outside, mature landscaping and beautifully maintained grounds create a serene setting for outdoor entertaining, recreation, or quiet relaxation. The property's exceptional location allows for an easy stroll to downtown Lake Forest's shops, dining, and community amenities while preserving the privacy and tranquility of a distinguished residential setting. A rare opportunity to enjoy timeless elegance, generous scale, and an unparalleled East Lake Forest lifestyle at one of the community's most desirable addresses.

Full Property Details for 490 College Rd

General

  • Price: $1,960,000
  • Taxes: $23,939 (2025)
  • Status: Active
  • Type: Single Family
  • Source: MRED
  • MLS ID: 12668448

Rental Information

  • Complex Features: Curbs, Sidewalks, Street Lights, Street Paved

Interior

  • Basement: Partially
  • Interior Features: Walk-In Closet(s), Bookcases
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Living Room
  • Appliances: Range, Dishwasher, High-End Refrigerator
  • Flooring: Hardwood

Rooms

Bathrooms

  • Total Bathrooms: 6
  • Full Bathrooms: 5
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 7

Additional Information

  • Other Features: School Bus Service, Commuter Train, Historical District

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Total Spaces: 2
  • Parking Features: Asphalt, Garage Door Opener, Yes, Garage Owned, Detached, Garage

Location

  • Area: Lake Forest
  • County: Lake
  • Township: Shields
  • Driving Directions: Illinois Rd east to College, east to #

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: None

Heating & Cooling

  • Cooling Type: Central Air Conditioning, Partial, Small Duct High Velocity
  • Heating Type: Natural Gas, Steam

Utilities

  • Sewer: Public Sewer, Storm Sewer
  • Water: Lake Michigan, Public

Structural Information

  • Construction: Stucco
  • Exterior Const.: Stucco
  • Basement: Yes
  • Basement Desc.: Partially Finished, Full
  • Roof: Shake
  • Sub-Flooring: Hardwood
  • Square Feet: 4,919
  • Sq. Ft. Source: Assessor
  • Year Built: 1923
  • Built Before 1978: Yes

Additional Structures

  • Other Structures: Outbuilding

Lot Features

  • Lot Size (Acres): 1.11
  • Lot Size Range: 1.0 to 1.99 Acres
  • Lot Dimensions: 132 x 375

Financial Considerations

  • Parking Included: Yes
  • Assessment Year: 1923
  • Tax Amount: $23,939.82
  • Tax Year: 2025
  • Pays Sewer: Public Sewer, Storm Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: List Broker Must Accompany
  • Property ID: 12332080170000

Listed by Compass

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— 490 College Rd —

  • Compass

  • Compass

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 490 College Rd

School Districts:Lake Forest Community High School District 115, Lake Forest School District 67
NameGradesDistance
Sheridan Elementary School, Lake Forest, IL
1360 North Sheridan Road, Lake Forest, IL 60045
K-41 mi
Deer Path Middle School West
155 West Deerpath Road, Lake Forest, IL 60045
7-80.8 mi
Lake Forest High School
1285 North McKinley Road, Lake Forest, IL 60045
9-121 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Tax History for 490 College Rd

Year
Property Taxes
Change
Tax Assessment
Change
2024
$24,460
3%
$422,492
1%
2024
$23,690
8%
$417,019
8%
2023
$21,968
3%
$384,420
4%
2022
$21,356
-7%
$369,820
1%
2021
$23,059
-1%
$366,630
-10%
2020
$23,256
—
$406,539
-15%
2019
$23,256
-17%
$477,161
-15%
2018
$27,952
-1%
$559,294
-8%
2017
$28,360
-6%
$608,735
5%
2016
$30,142
1%
$579,417
6%
2015
$29,806
8%
$545,590
—
2014
$27,494
1%
$545,590
10%
2013
$27,176
2%
$495,639
-4%
2012
$26,635
—
$518,715
—
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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490 College Road, Lake Forest, IL 60045 (MLS# 12668448) is a Single Family property with 7 bedrooms, 5 full bathrooms and 1 partial bathroom. 490 College Road is currently listed for $1,960,000 and was received on June 04, 2026. Want to learn more about 490 College Road? Do you have questions about finding other Single Family 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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