Spacious newer construction 4 bedroom with 2.5 bathrooms home in Ravinia on a beautiful, large lot! Built in 1989, everything has been recently updated since including the eat-in kitchen with high-end appliances (Sub-Zero & KitchenAid) and center island overlooking the large backyard through the picture window (See long list of improvements). Nice floor plan with a bright and open foyer leading to either the spacious living or the family room with wood burning fireplace. Off of the kitchen is the separate dining room with views of the backyard. There is also a convenient den / office on the first floor. Hardwood floors on the main level. Upstairs is a big master suite with wood burning fireplace, large walk-in closet and recent spa bath with soaker tub, double vanity and separate shower. Also on the second level, there are 3 more generously sized bedrooms and a recent hall bathroom with skylight. Convenient 2 car attached garage leads into the unfinished basement, with great potential to add a recreation room, etc. The beautiful and deep backyard features a flagstone patio and cedar gazebo - a perfect place to entertain! Great location - walk to Ravinia Festival, Rosewood Beach, Schools, Green Bay Trail, Farmer's Market Wednesdays, Food Truck Thursdays, Restaurants, Shops and more!
Single-familyProperty Type
1989Year Built
0.36 acresLot Size
$310Est. Price/Sq.Ft.
2 car garageParking
Listed by Cory Albiani• @properties Christie's International Real Estate
Lovely home with a fantastic layout and a spacious yard.
2 years ago• May not reflect the current state of the home
Jaana Monika Virta-Gupta
Redfin Associate agent
Sale history for 551 Ravinia Rd
Date
Event
Price
MRED as Distributed by MLS Grid #12154604
Oct 24, 2024
Sold (MLS) (Closed)
$835,000
$270/sq ft
Sep 10, 2024
Contingent (Contingent - Continue to Show)
—
Sep 4, 2024
Listed (Active)
$799,000
$258/sq ft
Public Records
May 2, 1989
Sold
$315,000
$102/sq ft
Public Records
Mar 1, 1988
Sold
$41,500
$13/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$20,829 (+9.1%)
$83,081 + $174,484
$257,565
2024
$19,086 (+7.2%)
$83,081 + $174,484
$257,565
2023
$17,797 (−6.9%)
$78,327 + $164,499
$242,826
2022
$19,126 (+8.6%)
$70,603 + $148,277
$218,880
2021
$17,615 (+3.3%)
$77,562 + $145,823
$223,385
2020
$17,044 (+1.0%)
$74,975 + $140,960
$215,935
2019
$16,872 (−7.6%)
$74,624 + $140,301
$214,925
2018
$18,254 (+3.2%)
$77,184 + $164,726
$241,910
2017
$17,693 (+3.7%)
$77,184 + $164,726
$241,910
2016
$17,056 (+3.2%)
$76,739 + $163,776
$240,515
2015
$16,529 (+5.7%)
$73,057 + $155,918
$228,975
2013
$15,640 (+2.8%)
$70,110 + $126,887
$196,997
2012
$15,214 (+2.3%)
$71,929 + $130,179
$202,108
2011
$14,874 (−12.4%)
$73,039 + $132,188
$205,227
2010
$16,977 (+2.6%)
$85,378 + $178,773
$264,151
2008
$16,540 (+9.3%)
$90,481 + $189,458
$279,939
2007
$15,131
$87,251 + $182,694
$269,945
Tax history for 551 Ravinia Rd
Year
Property tax
Land + Additions
Assessment*
2025
$20,829 (+9.1%)
$83,081 + $174,484
$257,565
2024
$19,086 (+7.2%)
$83,081 + $174,484
$257,565
2023
$17,797 (−6.9%)
$78,327 + $164,499
$242,826
2022
$19,126 (+8.6%)
$70,603 + $148,277
$218,880
2021
$17,615 (+3.3%)
$77,562 + $145,823
$223,385
2020
$17,044 (+1.0%)
$74,975 + $140,960
$215,935
2019
$16,872 (−7.6%)
$74,624 + $140,301
$214,925
2018
$18,254 (+3.2%)
$77,184 + $164,726
$241,910
2017
$17,693 (+3.7%)
$77,184 + $164,726
$241,910
2016
$17,056 (+3.2%)
$76,739 + $163,776
$240,515
2015
$16,529 (+5.7%)
$73,057 + $155,918
$228,975
2013
$15,640 (+2.8%)
$70,110 + $126,887
$196,997
2012
$15,214 (+2.3%)
$71,929 + $130,179
$202,108
2011
$14,874 (−12.4%)
$73,039 + $132,188
$205,227
2010
$16,977 (+2.6%)
$85,378 + $178,773
$264,151
2008
$16,540 (+9.3%)
$90,481 + $189,458
$279,939
2007
$15,131
$87,251 + $182,694
$269,945
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
—
Baths
2.5
Stories
2
Lot width
—
Lot depth
—
Lot size
0.36 Acres
Year renovated
1989
Sq. Ft.
3,098
Year built
1989
Style
Single Family Residential
County
Lake County
APN
16-25-307-003
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 15, 2026.
R5
Moderate Density Residential District
This zoning district provides for moderate density residential and normal accessory uses. It is not intended to allow commercial, industrial, governmental, recreational, or like uses in this district; however, certain facilities required to serve educational, religious, or other needs of the area may be allowed within the district as conditional uses subject to restrictions intended to preserve and protect the residential character.
Permitted uses
Include but are not limited to:
Day care facility
Housing-Group
Housing-Single unit
Educational/school
Golf related
Park & open space
Dec 31, 2024 • Final
Accessory structure - fence
Install a solid traditional styled fence.
ADU
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
# of Garage Spaces: 2
# of Parking (Total): 2
Parking: Garage
Garage Ownership: Owned
Garage On-Site: Yes
Garage Type: Attached
Garage Details: Garage Door Opener(s),Transmitter(s)