NEW CONSTRUCTION

For sale

$163,900

Est. $1,042/mo —

•

1,251

sq ft

1116 Lake Terrace Rd, Elgin, IL 60123

Willow Lake Estates built by MyMHcommunity

About this home

55+ age qualified community. Welcome to Willow Lake Estates, a 55+ age-qualified, active, and vibrant community where you can find yourself in your dream home. We have a stunning, brand-new 2025 2-bedroom, 2-bathroom home for sale featuring 1,251.84 sq. ft. of beautifully designed living space. Located in Elgin, this property offers the perfect blend of modern amenities and timeless charm. Step inside to find an inviting open-concept floor plan filled with bright, natural light. The gourmet kitchen boasts custom cabinetry and stainless steel appliances, perfect for both everyday living and entertaining. The spacious primary suite offers a peaceful retreat, complete with a walk-in closet and a private en-suite bathroom. An additional bedroom provides great versatility for guests or a home office. Outside, you will enjoy a welcoming front porch and low-maintenance landscaping, ideal for unwinding. Located in the desirable Willow Lake Estates, residents enjoy access to a range of premium amenities including a lakefront clubhouse, a outdoor pool, and a fitness center. Conveniently situated near local shopping, dining, medical centers, and major highways, you'll have everything you need just minutes away. Call Lucas today for a showing.

ManufacturedProperty Type

2026Year Built

$131Price/Sq.Ft.

Provided by Zillow

Source:Zillow #96F449C5C7B1

Payment calculator

$1,042 per month

Principal and interest$850

Property taxes

$152

HOA dues

Home insurance

$40

Utilities

Add

5 minutes to get started. No credit impact.

Mortgage resources

Around this home

Schools

K - 12
Preschool & daycare

Century Oaks Elementary School

Public PreK-6 • Assigned • 1.4mi

5/10

Kimball Middle School

Public 7-8 • Assigned • 1.9mi

3/10

Larkin High School

Public PreK-12 • Assigned • 2.6mi

3/10

Provided by GreatSchools

About Willow Lakes

Estates

Willow Lakes Estates, located between Randall Road and McLean Boulevard, is a residential and lakeside Elgin neighborhood with curving cul-de-sacs and pocket ponds. The neighborhood reads as late-20th-century suburban, with attached garages, broad setbacks, and sidewalks that loop toward the water. The local pulse concentrates near the Randall Rd & I-90 interchange, where big-box retail pads, coffee counters, and service storefronts set a practical, on-the-go tone. Community staples nearby include Hemmens Cultural Center, Elgin Public Museum, and Elgin Symphony Orchestra. Outdoor time centers on the Fox River corridor and the paved Fox River Trail. Daily errands and dining cluster along Randall Road, while the interior streets stay quiet and green.

Provided by Walk Score and Local Logic

All new homes in Willow Lake Estates

Available homes (2)

NEW CONSTRUCTION

$163,900

2 beds2 baths1,248 sq ft

1158 Lake Terrace Rd, Elgin, IL 60123

Listing provided by Zillow

NEW CONSTRUCTION

$174,900

3 beds2 baths1,460 sq ft

221 Little Peninsula Rd, Elgin, IL 60123

Listing provided by Zillow

Ready-to-build homes (4)

All (4)
2 Bed (1)
3 Bed (3)

Taylor 48' Plan, Elgin, IL 60123

$163,900+

2 beds2 baths1,248 sq ft

815628-MS021 Plan, Elgin, IL 60123

$156,000+

3 beds2 baths1,568 sq ft

Hartford Plan, Elgin, IL 60123

$174,900+

3 beds2 baths1,460 sq ft

Experience Willow Lake Estates

55+ age qualified community. Located in the Fox River Valley, Willow Lake Estates is a beautifully landscaped age qualified community featuring mature willow, oak, and maple trees in a country setting. Residents enjoy amenities including the community's private, spring-fed lake stocked with game fish, a picturesque recreational facility bustling with activities, and a heated swimming pool just to name a few. Proximity to major highways, O'Hare International Airport, and the city of Chicago are a few more benefits of life at Willow Lake Estates. Click Here To Get Pre-Approved

Explore the community Visit Willow Lake Estates website

Sales office

161 West River Road, Elgin, IL 60123

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Interior features
Spec home (new construction plan: Taylor 48')

Bedrooms
2 bedrooms

Bathrooms
2 full bathrooms

Public record

Historical weather

Elgin, IL • 60123

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

Redfin Estimate for 1116 Lake Terrace Rd

$162,593

$1,307 under list price of $164K

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $53K to $330K.

SOLD JUL 27, 2026
$199,000 Last sold price
3 beds1 bath1,252 sq ft
1019 Prospect St, Elgin, IL 60120
$28/sq ft
113 years older
basement
SOLD JUN 30, 2026
$182,500 Last sold price
3 beds2 baths1,340 sq ft
32 Daniels Ave, Elgin, IL 60120
$5/sq ft
136 years older
finished basement
SOLD JUL 23, 2026
$164,000 Last sold price
2 beds2 baths1,349 sq ft
164 Plum St, Elgin, IL 60120
$9/sq ft
136 years older
basement
SOLD FEB 27, 2026
$52,500 Last sold price
2 beds1.5 baths— sq ft
1134 Lakeview Rd, Elgin, IL 60123
60 years older
SOLD APR 20, 2026
$175,000 Last sold price
1 bed1 bath500 sq ft
616 Glenwood Ave, Elgin, IL 60120
$219/sq ft
SOLD APR 9, 2026
$329,500 Last sold price
4 beds3 baths1,800 sq ft
1167 Florimond Dr, Elgin, IL 60123
$52/sq ft
53 years older
finished basement

Are you a builder?

Learn how to advertise your homes on Redfin

Go tour with the builder

Early Access listings

EARLY ACCESS@PROPERTIES COMING SOON

$299,900

2 beds1 bath900 sq ft

1007 N Campbell Ave #3, Chicago, IL 60622

EARLY ACCESS@PROPERTIES COMING SOON

$769,500

2 beds3 baths2,324 sq ft

2634 Violet St, Glenview, IL 60026

EARLY ACCESSCOMPASS COMING SOON

$342,000

3 beds2 baths1,350 sq ft

216 Pinewood Ln, Bloomingdale, IL 60108

EARLY ACCESS@PROPERTIES COMING SOON

$1,100,000

4 beds3 baths2,916 sq ft

1414 Longmeadow Dr, Glenview, IL 60026

EARLY ACCESS@PROPERTIES COMING SOON

$2,200,000

6 beds5.5 baths10,200 sq ft

14 Olympia Ct, Oak Brook, IL 60523

EARLY ACCESS@PROPERTIES COMING SOON

$290,000

2 beds2 baths1,200 sq ft

373 Greystone Ct Unit D-2, Schaumburg, IL 60193

Nearby similar homes

$45,900

3 beds2 baths— sq ft

1071 Lake Terrace Rd, Elgin, IL 60123

NEW

$86,000

3 beds2 baths— sq ft

173 Northshore Rd, Elgin, IL 60123

$140,000

2 beds2 baths— sq ft

112 8th Ave, Bartlett, IL 60103

$89,500

3 beds2 baths— sq ft

1074 Lakeview Rd, Elgin, IL 60123

$15,000

2 beds1.5 baths— sq ft

224 Big Peninsula Rd, Elgin, IL 60123

New listings for sale in 60123

OPEN SAT, 10AM TO 12PM

$299,900

2 beds2 baths1,725 sq ft

2017 Jeffrey Ln #2017, Elgin, IL 60123

NEW

$86,000

3 beds2 baths— sq ft

173 Northshore Rd, Elgin, IL 60123

NEW

$339,900

3 beds2.5 baths2,103 sq ft

869 Shuler St, Elgin, IL 60123

NEW 27 HRS AGO

$225,000

2 beds2 baths1,073 sq ft

305 N Airlite St Unit A, Elgin, IL 60123

$89,500

3 beds2 baths— sq ft

1074 Lakeview Rd, Elgin, IL 60123

OPEN SAT, 12PM TO 2PM

$200,000

2 beds1 bath986 sq ft

15 Creekside Cir Unit C, Elgin, IL 60123

$235,000

2 beds2 baths1,223 sq ft

340 Loyola Dr Unit D, Elgin, IL 60123

OPEN SEP 5, 11AM TO 1PM

$104,900

2 beds1.5 baths975 sq ft

801 N Mclean Blvd #254, Elgin, IL 60123

$265,000

3 beds2.5 baths1,393 sq ft

1660 College Green Dr, Elgin, IL 60123

Details provided by Zillow and may not match the public record. Learn more.

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Find us

Subsidiaries

Affiliated Business

Countries

United States

Canada

Updated September 2025: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.

Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.

GreatSchools Ratings provided by GreatSchools.org.

60103 homes for sale
60174 homes for sale
60175 homes for sale
60124 homes for sale
60110 homes for sale

Houses for rent in Elgin	Agents near me	Glenview, IL homes for sale	Elgin Housing Market
Houses for sale near me	Chicago, IL homes for sale	Evanston, IL homes for sale
Land for sale near me	Naperville, IL homes for sale	Oak Park, IL homes for sale
Open Houses near me	Schaumburg, IL homes for sale	Elgin Property Records
Condos for sale near me	Arlington Heights, IL homes for sale	IL New Listings

Arlington Heights homes for sale
Naperville homes for sale
Chicago homes for sale

Northwest Elgin homes for sale
Willow Lakes Estates homes for sale

About this home

Payment calculator

Mortgage resources

Around this home

Schools

All new homes in Willow Lake Estates

Available homes (2)

Ready-to-build homes (4)

Experience Willow Lake Estates

Sales office

Property details

Public record

Historical weather

Sun exposure

Redfin Estimate for 1116 Lake Terrace Rd

Are you a builder?

Go tour with the builder

Early Access listings

Nearby similar homes

New listings for sale in 60123

More real estate resources