For Sale
Price CutPrice Drop: $500K (09/27)
Single family home for sale at 499 W Old Ml Rd, Lake Forest, IL 60045 | MLS# 12628867 | Listing updated on 2026-09-27
Photo 1 of Single family home for sale at 499 W Old Ml Rd, Lake Forest, IL 60045 | MLS# 12628867 | Listing updated on 2026-09-27
Photo 2 of Single family home for sale at 499 W Old Ml Rd, Lake Forest, IL 60045 | MLS# 12628867 | Listing updated on 2026-09-27
Photo 3 of Single family home for sale at 499 W Old Ml Rd, Lake Forest, IL 60045 | MLS# 12628867 | Listing updated on 2026-09-27
Photo 4 of Single family home for sale at 499 W Old Ml Rd, Lake Forest, IL 60045 | MLS# 12628867 | Listing updated on 2026-09-27
50+
Beds Icon

Street View

$4,200,000

Monthly Est:$20,905

  • Beds Icon4 Beds
  • Beds Icon
    7 Baths
  • Beds Icon5,576sqft

499 W Old Ml Rd, Lake Forest, IL 60045

$20,905/moEst:

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  • Single Family Residence

  • Built in 1935

  • $-- HOA

  • 9.62 acres lot

  • $753/sq.ft

Description

This sprawling Tudor style estate is nestled on nearly 10 enchanting acres. Fully fenced, this amazing property borders a public prairie reserve that has been restored to and beyond the historic Jens Jensen design. The grounds are the design pallet that has created award winning gardens across the entire North-Shore and Wisconsin. Featuring a butterfly garden, an organic potager garden, orchard, vineyard, sprawling lawns, and a stocked fishing and water lily pond. The homes interior has been masterfully decorated and restored to its century old elegance. From the original unique ceiling moldings to the Walnut paneling and bookcases this home is beyond compare. The living room features 10 foot ceilings and is perfectly scaled for entertaining and gathering with family and special friends. The elegant dining room with fireplace and leaded glass windows make seasonal dining inside a very special occasion. Across the marble foyer from the dining room is a Southern facing Cypress paneled library that takes full advantage of the properties fabulous vistas and natural light. Altounian builders expertly crafted the chef's kitchen outfitted with fabulous white shaker cabinets, top-of-the-line appliances and exceptional details and finishes. Adjoining the kitchen via the pool breezeway is the bright and airy family room with seamless access to the terrace, a sleek fireplace and a custom bar, as well as access to a pool bathroom. Above the four car garage is a vaulted ceiling three room in-law suite, with full bath, currently being used as an exercise room, yoga studio and craft space. On the 2nd level you will find four beautiful en-suite bedrooms and baths, including the spacious primary suite with luxurious bath and enormous closet. Venture outdoors and enjoy your own private oasis. The entertainment area revolves around a pool and spa, an outdoor fireplace, multiple gathering areas with seating for thirty, and a pergola dining terrace, featuring an all stainless steel kitchen that can easily accommodate twelve - all working in perfect harmony to create an unparalleled al fresco dining experience. Offering almost 6,000 square feet of living space and a one-of-a-kind outdoor haven this home has been crafted to meet your every need - indoors and out. Horses are allowed, and there is the possibility to also subdivide the property.

  • Houzeo last checked: 9 hours ago
  • Listing updated: September 27, 2026 at 5:06 am
  • Listing Provided by: Donna Mancuso , Jean Anderson DRE #475124065 | Jameson Sotheby's International Realty (312) 751-0300
  • Source: MRED MLS-IL | MLS#: 12628867 MRED MLS-IL

Property Details

  • Status

    Active

  • Type

    Single Family Residence

  • No. of Stories

    -

  • County

    Lake County

  • City

    Lake Forest

  • Neighborhood

    --

  • Year Built

    1935

  • HOA Fees

    -

  • Finished Area

    5,576 sqft

  • Lot Size

    9.62 acres lot

  • Basement Area

    - sqft

  • MLS Name

    MRED MLS

  • MLS Number

    12628867

  • MLS Status

    Active

  • Days on Market

    161

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Location

Facts & Features

Rooms

  • Bedrooms & bathrooms

    Bedrooms: 4

    Bathrooms: 7

  • Atrium

    Level: Main

    Area: 60.00 Square Feet

    Dimensions: 12X5

  • Library

    Level: Main

    Area: 255.00 Square Feet

    Dimensions: 17X15

  • Exercise Room

    Level: Second

    Area: 342.00 Square Feet

    Dimensions: 19X18

  • Loft

    Level: Second

    Area: 143.00 Square Feet

    Dimensions: 13X11

  • Recreation Room

    Level: Second

    Area: 437.00 Square Feet

    Dimensions: 23X19

  • Foyer

    Level: Main

    Area: 147.00 Square Feet

    Dimensions: 21X7

  • Walk In Closet

    Level: Second

    Area: 252.00 Square Feet

    Dimensions: 18X14

  • Bedroom 2

    Level: Second

    Area: 255.00 Square Feet

    Dimensions: 17X15

  • Bedroom 3

    Level: Second

    Area: 255.00 Square Feet

    Dimensions: 17X15

  • Bedroom 4

    Level: Second

    Area: 120.00 Square Feet

    Dimensions: 12X10

  • Dining Room

    Level: Main

    Area: 420.00 Square Feet

    Dimensions: 21X20

  • Family Room

    Level: Main

    Area: 414.00 Square Feet

    Dimensions: 23X18

  • Kitchen

    Level: Main

    Area: 504.00 Square Feet

    Dimensions: 24X21

  • Laundry

    Level: Second

    Area: 120.00 Square Feet

    Dimensions: 12X10

  • Living Room

    Level: Main

    Area: 735.00 Square Feet

    Dimensions: 35X21

  • Master Bedroom

    Level: Second

    Area: 294.00 Square Feet

    Dimensions: 21X14

Interior

  • Heating

    Natural Gas

  • Cooling

    Central Air

  • Appliances

    Double Oven, Range, Microwave, Dishwasher, High End Refrigerator, Bar Fridge, Washer, Dryer, Disposal, Wine Refrigerator, Range Hood, Water Purifier Owned, Humidifier

  • Flooring

    Hardwood

  • Exterior Features

    Hot Tub, Dog Run, Outdoor Grill, Fire Pit

  • Interior Features

    Cathedral Ceiling(s), Wet Bar, In Law Floorplan, Built In Features, Walk In Closet(s), Bookcases, Historic/period Mlwk

  • Sewer

    Public Sewer

Construction

  • Year Built

    Year Built: 1935

  • Home type

    Single Family Residence

  • Architectural Style

    Tudor

  • Construction Materials

    Stucco

  • Roof

    Shake

Utilities & Energy

  • Basement

    Unfinished, Full

  • Laundry Features

    Upper Level, Sink

  • Fireplace Features

    Gas Log, Decorative

  • Pool Features

    In Ground

  • Parking Features

    Heated Garage, Yes, Garage Owned, Attached, Owned, Garage

  • Electric

    200+ Amp Service

  • Water Source

    Lake Michigan

Other Features

  • Community Features

    Lake, Street Paved

  • Patio And Porch Features

    Patio, Porch

Price History

DateEventPrice

09/21/2026

Source: mls_logoMRED MLS-IL #MRD12628867

Price Decreased

$4,200,000 -10.64%

$753/sqft

04/27/2026

Source: mls_logoMRED MLS-IL #MRD12628867

Listed for Sale

$4,700,000 -5.91%

$843/sqft

01/03/2026

Source: mls_logoMRED MLS-IL #MRD12219583

Listing Removed

$4,995,000

$896/sqft

07/30/2025

Source: mls_logoMRED MLS-IL #MRD12219583

Price Decreased

$4,995,000 -3.94%

$896/sqft

01/12/2025

Source: mls_logoMRED MLS-IL #MRD12219583

Listed for Sale

$5,200,000

$933/sqft

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This representation is based in whole or in part on data supplied by Midwest Real Estate Data, LLC through Oct 05, 2026, 03:01PM. Midwest Real Estate Data, LLC does not guarantee nor is it in any way responsible for its accuracy. Data maintained by Midwest Real Estate Data LLC may not reflect all real estate activity in the market.

Based on information submitted to the MLS GRID as of Oct 05, 2026, 03:01PM. All data is obtained from various sources and has not been, and will not be, verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Some IDX listings have been excluded from this website. Information is provided exclusively for consumers’ personal non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID, MRED or Houzeo. The use of the MLS GRID Data may be subject to an end user license agreement. Properties displayed may be listed or sold by various participants in the MLS,

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