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$925,000 Contingent
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Property Description
A Picture-Perfect Lakefront Retreat on Third Lake! Welcome to waterfront living at its finest in the highly sought-after Mariner's Cove community on beautiful Third Lake-one of the area's premier motorboat lakes. With private beach access to nearby Druce Lake, this exceptional property offers the perfect blend of recreation, relaxation, and everyday luxury. From the moment you arrive, this charming lakefront home captivates with its character, thoughtful updates, and breathtaking water views. A custom front door opens to an elegant foyer, introducing the craftsmanship and warmth found throughout the home. Gleaming wood floors, six-panel doors, custom millwork, recessed lighting, and abundant natural light create an inviting atmosphere in every room. The open-concept floor plan is ideal for both comfortable daily living and effortless entertaining. The versatile front living room, highlighted by French doors and a bay window, currently serves as a home office but can easily function as a first-floor bedroom. The bright dining area flows seamlessly into the heart of the home-an exceptional custom kitchen featuring ceiling-height cabinetry, granite countertops, a dramatic stone backsplash, a large center island, range with double oven, a Bosch dishwasher, and heated floors. Just beyond the kitchen, a spectacular screened porch with soaring ceilings provides the perfect place to enjoy morning coffee or unwind at sunset. Equipped with triple window shades, this inviting space allows you to enjoy the lake breeze throughout much of the year. The family room truly showcases the beauty of lakefront living, offering panoramic water views, custom built-ins, direct deck access, and a wood-burning fireplace with a heating blower for cozy evenings year-round. Upstairs, premium carpeting and upgraded pet resistant padding add comfort throughout. The primary suite serves as a private lakeside sanctuary, featuring stunning water views, a spacious walk-in closet, and a beautifully updated en-suite bath. Two additional bedrooms offer generous closet space, a recessed lighting and share an updated hall bath with a walk-in shower and granite-topped vanity. A hallway linen closet provides additional storage and potential space for future second-floor laundry. Above the garage, a spacious floored attic offers endless possibilities for future expansion, including a studio, recreation room, additional living space, or even a garage expansion. A whole-house fan enhances comfort and energy efficiency throughout the home. The unfinished basement provides abundant storage today and exciting opportunities for future customization. Meticulously maintained and thoughtfully upgraded, the home includes replaced windows, bedroom duct fans with thermostat controls, a water powered backup sump pump, a new tankless Rinnai water heater, a newer driveway and stamped concrete walkway, a new garage door with keypad entry and MYO remote door opener/closer, new Hardie cement board siding and oversized gutters with gutter guards. Also, new Fiberon deck and lighting on the lake side and a new Fiberon front porch featuring recessed LED lighting with dimmers. Step outside to your private lakeside oasis. The backyard is designed for entertaining and relaxation, featuring a spacious deck, fire pit, play area, and private pier where you can dock your boat(s), swim, fish in summer or winter, ice skate, cross country ski, or simply enjoy spectacular sunsets over the water. Conveniently located near shopping, forest preserves, downtown Grayslake, and commuter train stations, this remarkable home combines the serenity of lakefront living with everyday convenience. More than just a home, this is a lifestyle-where every sunrise sparkles across the lake, every sunset feels like a vacation, and every day becomes part of your own lakeside story.
Full Property Details
Full Property Details for 224 Mainsail Dr
General
- Price: $925,000
- HOA FEE: $17/month
- HOA FEE FREQ.: Annually
- Taxes: $19,596 (2025)
- Status: Contingent
- Type: Single Family
- Source: MRED
- MLS ID: 12664097
- Updated: 6/9/2026
- Added to Site: 7 day(s) ago
Rental Information
- Complex Features: Park, Lake, Dock, Water Rights, Sidewalks, Street Lights, Street Paved
Interior
- Basement: Unfinished
- Interior Features: Vaulted Ceiling(s), Built-in Features, Walk-In Closet(s), Bookcases, Beamed Ceilings, Open Floorplan, Granite Counters, Separate Dining Room
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Family Room, Wood-Burning, Attached Fireplace Doors/Screen, Heatilator
- Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Humidifier
- Flooring: Hardwood, Carpet
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
- Bathroom Features: Whirlpool, Double Sink
Bedrooms
- Total Bedrooms: 3
Additional Information
- Equipment: Cable TV, Carbon Monoxide Detectors, Ceiling Fan(s), Whole-House Fan, Sump Pump, Backup Sump Pump, Radon Mitigation System, Water Heater-Electric
- Other Features: School Bus Service, Commuter Train, Interstate Access
Exterior
- Exterior Features: Fire Pit, Dock, Lighting
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Asphalt, Garage Door Opener, Yes, Garage Owned, Attached, Garage
Location
- Area: Gages Lake / Grayslake / Hainesville / Third Lake / Wildwood
- County: Lake
- Township: Avon
- Subdivision: Mariners Cove
- Driving Directions: 45 TO WASHINGTON W2 MAINSAIL TO #
School Information
- School District: 46
- Elem School District: 46
- Midd School District: 46
- High School District: 127
- Elementary School: Avon Center School
- Middle School: Grayslake Middle School
- High School: Grayslake North High School
- Private School: Grayslake North High School
Community
- Assoc. Fees Include: Lake Rights, Other
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Natural Gas, Forced Air
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan
Structural Information
- Architectural Info: Colonial
- Architectural Style: Colonial
- Model: CUSTOM
- Construction: Cedar, Cement Siding
- Exterior Const.: Cedar, Cement Siding
- Basement: Yes
- Basement Desc.: Unfinished, Crawl Space, Full
- Foundation: Concrete Perimeter
- Roof: Asphalt
- Windows: Screens, Drapes, Bay Window(s), Shades
- Doors: French Doors, 6 Panel Door(s)
- Sub-Flooring: Hardwood, Carpet
- Square Feet: 2,124
- Sq. Ft. Source: Assessor
- Year Built: 1988
- Remodeled/Updated: 2020
Manufactured Home
- Model: CUSTOM
Additional Structures
- Other Structures: Shed(s)
Lot Features
- Lot Size (Acres): 0.333
- Lot Size Range: .25 to .49 Acre
- Lot Dimensions: 70.41 x 146 x 70 x 10 x 219.88
- Lot Features: Landscaped, Water Rights, Mature Trees
Water Features
- Water Front: Yes
- Water Front Name: THIRD LAKE
- Water Front Desc.: Lake Front, Lake Privileges, Waterfront
- Water Front View: Back of Property
- Lake Front: Yes
Financial Considerations
- Association Fee: $200
- Assoc Fee Freq.: Annually
- Parking Included: Yes
- Assessment Year: 1988
- Tax Amount: $19,596.42
- Tax Year: 2025
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 6242040280000
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Schools
Schools serving 224 Mainsail Dr
School Districts:Grayslake Community High School District 127, Grayslake Consolidated Community School District 46
| Name | Grades | Distance |
|---|---|---|
Avon Center Elementary School 1617 Illinois 83, Round Lake Beach, IL 60073 | K-4 | 2.6 mi |
Grayslake Middle School 440 Barron Boulevard, Grayslake, IL 60030 | 7-8 | 1.7 mi |
Grayslake North High School 1925 North Illinois 83, Grayslake, IL 60030 | 9-12 | 2.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 224 Mainsail Dr
Date
Details
Price
Change
Source
6/03/2026
Listed
$925,000
218.97%
MLS
10/29/1997
Sold
$290,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 224 Mainsail Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$18,648
5%
$207,240
11%
2024
$17,841
8%
$187,124
9%
2023
$16,578
1%
$171,736
11%
2022
$16,436
—
$155,228
4%
2021
$16,509
3%
$149,201
5%
2020
$15,958
—
$141,961
4%
2019
$15,958
-4%
$136,200
-3%
2018
$16,577
1%
$141,078
6%
2017
$16,459
4%
$132,704
8%
2016
$15,826
2%
$122,500
9%
2015
$15,462
13%
$111,913
—
2014
$13,687
3%
$111,913
16%
2013
$13,271
2%
$96,855
-11%
2012
$13,015
—
$109,155
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 224 Mainsail Dr
224 Mainsail Drive, Third Lake, IL 60030 (MLS# 12664097) is a Single Family property with 3 bedrooms, 2 full bathrooms and 1 partial bathroom. 224 Mainsail Drive is currently listed for $925,000 and was received on June 03, 2026. Want to learn more about 224 Mainsail Drive? Do you have questions about finding other Single Family real estate for sale in Third Lake? You can browse all Third Lake real estate or contact a Coldwell Banker agent to request more information.

