Marlene Castagna Real Estate Team

Grayslake / Hainseville / Third Lake / Gages Lake Market Trends

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The communities of Grayslake, Gages Lake, Hainesville, Third Lake, and Wildwood are all located in Lake County, IL and centrally situated between Chicago and Milwaukee. Grayslake area is surrounded by natural scenic views of lush foliage, rich woodlands, and incredible lakes.

Grayslake locality is an ideal place for outdoor enthusiasts who enjoy boating, fishing, horseback riding, swimming, and hiking. The communities offer excellent schools, public libraries, and numerous beautiful public parks and beaches. Plus, the area has a very low crime rate.
Real-estate in Grayslake and the surrounding communities offer home buyers a variety of choices from vintages houses, modest single-family homes, to opulent estates, and modern waterfront condominiums. The Grayslake area is located near several shopping centers, golf courses, and forest preserves. You’ll enjoy the quality of life that Grayslake, Gages Lake, Hainesville, Third Lake, and Wildwood communities have to offer…it’s a great area to live and enjoy life.


Grayslake area communities are located 40 miles from the city of Chicago, 15 miles from the Wisconsin border, and 10 miles west of Waukegan.

Towns nearby are Volo, Round Lake, Round Lake Beach, Round Lake Park, Lindenhurst, Libertyville, Gurnee, and Mundelein.


Famous residents from Grayslake community include best selling author Sara Gruen, Chicago Bears player Adrian Peterson, former San Francisco 49er Tom Wittum, and the alternative rock band Chevelle.

Grayslake Population:     
2000        18,506     
2006        21,694        
White        91.6%
Black          1.2%
Asian          5.2%
Other          2.0%
Median HH Income $87,901
Median resident age 33.5 yrs old
76.1 % Families represent population
Area code: 847
Zip code: 60030

Source: / 2006 & 2006 U.S. Census data

Gages Lake:
Population    10,415
White        89.5%
Black        2%
Latino        4.2%
Asian        3.1%
Median HH Income $88,851
Median resident age 35.3 yrs old

Source: / 2000 U.S. Census data

Population 2,129
White    82.3%
Black      1.7%
Latino    9.3%
Asian    5.6%
Median HH Income $84,068
Median resident age 29.8 yrs old

Source: / 2000 U.S. Census data

Third Lake:
Population    1,355
White        93.5%
Latino        3.3%
Asian        1.9%
Median HH Income $116,308
Median resident age 36.8 yrs old

Source: / 2000 U.S. Census data


Grayslake area was developed by a massive Wisconsin glacier that melted over 12,000 years ago. The melted glacier created several lakes and wetlands, including fertile soil suitable for farming.

The region’s earliest citizen was William M. Gray, from Massachusetts, who settled in 1840 near the shores of an unidentified lake. The area and lake was soon named Gray’s Lake after William Gray purchased the land around 1842. 
The Wisconsin Central Railroad Company arrived in Grayslake in the early 1880s. The construction of the railroad helped put Grayslake on the map and linking the village to Chicago and Fond du Lac, Wisconsin.  The Grayslake railroad station was opened by July of 1886. Nine years later, in May of 1895, Grayslake was officially incorporated with a population of 325 residents.

Over the years, Grayslake’s area population grew slowly while preserving its scenic rural settings. The area’s peaceful lakes, natural wetlands, and green woodlands have remained undisturbed and enjoyed by many area residents. The population of Grayslake and the surrounding communities more than doubled during the 1990s.

TopReal Estate

Grayslake area communities are ideally located between Chicago and Milwaukee, while surrounded by beautiful lakes and forest preserves. For home buyers Grayslake’s real-estate features a variety of housing options with water frontage or scenic view of Gray’s Lake, everything from single-family detached homes, condominiums, and townhouses.
Grayslake’s single-family homes start in the high $100,00s and move up to $500,000 plus for larger luxury homes and estate properties with acreage. Prices for Grayslake condominiums and townhouses begin around $150,000 while water front properties and larger units begin at mid $200,000s or higher.   
Average Home Price $222,236  

Search for Grayslake (Area) - Gages Lake/ Hainesville / Third Lake / Wildwood real-estate.


Public transportation in Grayslake and the surrounding communities are served by Metra which provides daily rail transportation from Grayslake to Chicago with a commuter time of 75 minutes. Plus, Pace suburban bus route 590 Call-n-Ride service is available.

Grayslake residents and surrounding communities have access to four airports: O’Hare International Airport, Milwaukee’s Mitchell Field, Waukegan's Regional Airport and Grayslake's Campbell Airport.

Plus, Grayslake area is located near major roads and highways. Access to the Tri-State Tollway (I-94) is only six miles east of Grayslake neighborhood with U.S. Route 45 bypassing on the eastside of the village. Other accessible roads are Routes 83, 120, and 137 that run through Grayslake.  


Gages Lake, Grayslake, Hainesville, Third Lake, and Wildwood communities are served by three school districts: Grayslake District #46, Grayslake High School Dist. #127, and Round Lake District.

Grayslake Area Schools
Grayslake District #46 Administration 847-223-3650
Avon (K-4th grade) 847-223-3530     
Woodview (K-4th) 847-223-3668     
Prairieview (Pre-K-4th) 847-543-4230
Meadowview (K-4th) 847-223-3656
Frederick (5th-6th grade) 847-543-5300
Grayslake Middle School (7th -8th grade) 847-223-3680

High Schools
Grayslake High School Dist. #127 847-986-3300
Grayslake Central High School
Grayslake North High School

Round Lake Area Schools
Round Lake District #116 Administration 847-270-9000
Early Education Center (K) 847-270-9490
Round Lake Village (1st-6th) 847-270-9470
Raymond Ellis (1st -6th) 847-270-9900
Round Lake Beach (1st -6th) 847-270-9930
Indian Hill (1st – 6th) 847-270-9970
W.J. Murphy (1st-6th) 847-270-9950
Round Lake Middle School (7th-8th) 847-270-9400
Round Lake High School 847-270-9900


Bake's Sports Bar & Grill (3251 N US Highway 45 Wildwood, IL 847-223-3430). Family owned and operated local sports bar offering good drinks, good food, and good times. The bar is filled great sports memorabilia and every booth has a flat screen tv! The menu offers a wide variety of great food from pizza, burgers, sandwiches, and tasty appetizers. A Full service bar is available. Open for lunch, dinner, and late night dining 7 days a week.
On Cue Billiards (1858 Belvidere Rd Grayslake IL 847-548-8980). On Cue Billiards has it all! Great pool tables, Golden Tee, dart boards, jukebox, karaoke, live music, Wii games, and a full service bar. Daily drink specials include $4 Long Islands, $4 Jaeger Bombs, and $1 Domestic Drafts. Plus, they have several televisions and a 10ft projection screen to view all the major sporting events. Open 7 days a week. Sign up and join a billiard or dart league today!


Volo Auto Museum (27582 Volo Village Road Volo, IL 815-385-3644). The Volo Auto Museum features over 300 classic autos from muscle cars to vehicles featured in movies and television shows. Here you’ll find the legendary General Lee from “The Dukes of Hazzard” show, the Batmobile, the Delorean from “Back to the Future” movie and many other cool cars. Plus, the museum has a huge display of vintage cars for sale! Admission $10 for adults, $6 for children 5-12, and free for children under 4. Open 7 days a week 10am-5pm

Six Flags Great America (1 Great America Parkway, Gurnee IL 847-249-4636). The popular amusement theme park, located off I-94 and Route 132 in Gurnee, is a perennial family favorite. The park offers great variety roller coaster rides like the American Eagle, Demon, and the Giant Drop.  Plus, the park features family-friendly rides, kid rides, and a huge water park. Check their website for the park’s season schedule and times. Don’t miss the park’s annual Halloween “Fright Fest” every October. You’ll have a frightfully ghoulish time!


The Full Slab Smokehouse and Sports Lounge (34500 N US Hwy 45 Third Lake, IL 847-752-2227). Open 7 days a week for lunch, dinner, and late night dining. The Full Slab experience includes delicious smokehouse ribs, sports, and live music. Their menu includes a variety of tasty appetizers, salads, sandwiches, and entrees like fresh seafood, pasta, and burgers. And if you’re looking for a great deal, check out their daily specials from 4pm to 7pm. Full service bar available.

Kawa Japanese Restaurant (100 South Atkinson Rd Grayslake, IL 847-548-3838). Open Mon-Thu 11:00am to 2:30pm & 4:30pm to 9:30pm, Fri - Sat 11:00am to 2:30pm & 4:30pm to 10:30pm, and Sun 12:00pm to 9:30pm. Kawa features the best Japanese and Asian cuisine in the region. The restaurant features a spacious dining room that has touch of elegance and chic to enhance your dinner experience.  Their Mongolian Grill features fresh vegetables and the finest cuts of meat to prepare your meals. And they serve the freshest sushi daily.  


Grayslake and the surrounding neighborhoods offer a variety of outdoor recreational activities like golfing, swimming, fishing, and boating. Residents enjoy year round Community Events from summer parades and festivals to holiday events. Plus, the region is home to Hainesville Fest and the annual Lake County Fair.

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