18 hours on Rocket
#12346214, Grace Kaage, Listing Office: Compass
Property details
About 518 Elder Ln
Stunning new construction transitional home with approximately 7,500 square feet of meticulously finished space, the home is located on one of the most picturesque streets in East Winnetka in an unbeatable location. The home is close to town, walking distance to the beach, schools and train. This home features 6 bedrooms, 7 full baths, a show room worthy kitchen with luxury appliances including Sub-Zero refrigerators and freezers, Wolf range, drawer style microwave, spacious walk-in pantry and custom cabinetry throughout. The finished lower level includes entertainment room with fireplace and TV, full size wet bar with an island, media room, Golf Simulator and Exercise room. Spacious finished third level is a great addition in the home that can be utilized for an Au Pair/nanny or make a phenomenal additional home office/guest room. The home is pre-wired for all your audio and visual needs in addition to security and smart home systems. This home is truly an entertainers dream! The Expansive backyard is the perfect size to create your personal oasis, plenty of space for a large pool and simply the space of your dreams. Builder's expectation is to have the home ready prior to the new school year. Agent has ownership interest, included are some photos of builder's recent work with photos for this property to be updated once applicable.
Highlights
Home typeSingle Family Residence
HeatingNatural Gas
StatusActive
CoolingCentral Air, Zoned
Size7,500 sqft
BasementYes
Year builtNew Const., 2025
ParkingOn Site, Attached, Garage
MLS #12335263
Garage2 spaces
FireplaceGas Starter, Masonry
Summary
- Full Bathrooms: 7
- Appliances: Range, Microwave, Dishwasher, Refrigerator, Bar Fridge, Freezer, Washer, Dryer, Disposal, Range Hood
- Basement: Yes
- Fireplace: Gas Starter, Masonry
- Total Bedroom Count: 5
- Garage Space: 2 spaces
- Parking: On Site, Attached, Garage
- Heating: Natural Gas
- Cooling: Central Air, Zoned
- List Price: $4,495,000
- Price/SqFt: $599
- Annual Tax Amount: $17,426
- Tax Year: 2022
- Directions: From Sheridan road turn west onto Elder Lane, home will be on the northside of the street
- Year Built: 2025
- Living Area: 7,500 SqFt
- MLS Number: 12335263
- MLS Name: MRED
- Office Name: Coldwell Banker Realty
- Office Phone: (847) 446-4000
- Listing Agent: Matan Aharoni
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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$4,495,000
518 Elder Ln
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jan 08, 2024 | Home Sold | $1,100,000 |
| Jun 26, 2000 | Home Sold | $725,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2022 | $86,000 | $17,426 |
| 2021 | $76,387 | $18,268 |
| 2020 | $76,387 | $18,716 |
| 2019 | $89,650 | $20,105 |
| 2018 | $66,187 | $15,051 |
| 2017 | $75,350 | $33,210 |
History based on county public records data.
Nearby schools
6
Greeley Elementary School
Public District KG-4
0.2 mi
•275 Fairview Ave
8
Harper Elementary School
Public District KG-4
1.1 mi
•1101 Dartmouth St
10
Crow Island Elementary School
Public District KG-4
1.1 mi
•1112 Willow Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $268,415. Typical income of Winnetka, IL residents is $200k+ annually. The majority of families are married, with kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
6%
<35k
14%
35k-100k
19%
100k-200k
61%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
19%
Single, No Kids
4%
Single, with Kids
35%
Married, No Kids
42%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
18%
<11 yrs old
15%
12-17 yrs old
9%
18-34 yrs old
48%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
Skiing/snowboarding
Tennis- Men's Tennis
Where do the neighbors shop?
Nordstrom
Brooks Brothers
Bloomingdales
Where do the neighbors go to eat?
California Pizza Kitchen
Qdoba
Bonefish Grill
What do the neighbors drive?
BMW
Acura
Lexus
What do the neighbors listen to?
Talk/Personality
Sports
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 518 Elder Ln
The listing price of 518 Elder Ln property is $4,495,000.
The property 518 Elder Ln is a house located in Winnetka, Illinois, 60093.
Active Listing: 518 Elder Ln is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 518 Elder Ln are: Greeley Elementary School (GreatSchools Rating 6/10), Harper Elementary School (GreatSchools Rating 8/10), Crow Island Elementary School (GreatSchools Rating 10/10), The Joseph Sears School (GreatSchools Rating 7/10), Carleton Washburne School (GreatSchools Rating 9/10), Marie Murphy School (GreatSchools Rating 9/10), New Trier Township High School Winnetka (GreatSchools Rating 10/10), Niles North High School (GreatSchools Rating 8/10), Evanston Township High School (GreatSchools Rating 7/10).
According to the records, the last property tax for 2022 is $17,426 (source: MLS/based on county public records data).
The last sale was on January 8, 2024 for $1,100,000 (source: MLS/tax record).
The property at 518 Elder Ln has 5 bedrooms and 7 bathrooms.
The property 518 Elder Ln is 7,500 SqFt (source: MLS/tax record).
The year of construction for 518 Elder Ln is 2025.
This home is located at 518 Elder Ln in Winnetka, IL and zip code 60093 in the J. C. Garland's neighborhood. This 7,500 square foot home was built in 2025. Features: 5 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since April 11, 2025 and is currently priced at $4,495,000.
While more than 7 listings in Winnetka, IL in March 2025 were sold above asking price, there were more than 2 listings sold at asking price, and more than 4 were sold below. In March 2025 in Winnetka, IL there were 16.7% more homes for sale than in February. In March 2025 median list price was $1,632,500 and the average listing age was 31 days.
From Rocket Homes Real Estate and based on county public records data.