Cambridge at Water's Edge

If you’re looking for the perfect mix of suburban living and an urban lifestyle, Cambridge at Water’s Edge may be the right choice for you.

The development offers attached townhomes in Grayslake, a northwest suburb of Chicago.

Cambridge Homes, one of the largest homebuilders in the Chicago area, is the company behind the development.

Buyers can choose from several different models. The Washington, Virginia, and Carolina floor plans offer two bedrooms, and two- and three-story layouts.

Floor plans range from 2,375 square feet to 2,414 square feet. Prices for the two-bedroom townhomes range from $318,080 to $386,000.

There are also two different three-bedroom floor plans. The California and Oregon units offer three bedroom townhomes in two-story layouts. The units range from 2,276 square feet to 2,330 square feet.

Prices for the California floor plan start at $360,000 while the Oregon floor plan is priced from $341,000.

All units come with an attached two-car garage.

The Cambridge at Water’s Edge is located on the northwestern shores of Gages Lake. Residents enjoy access to a private boat launch, beach, and gazebo. Residents can pass a warm afternoon fishing on the fish-stocked lake.

Residents can also enjoy the walking paths around the lake.

Each unit comes with the usual package of stainless steel appliances, a private patio and deck.

Residents enjoy a quality suburban lifestyle in Grayslake. Commuters have easy access to downtown Chicago via the Metra.

There are several parks in the area, including Wildwood Park on Gages Lake, the Almond Marsh and Rollins Savanna Forest Preserves, and Central Park.

Golfers can take in a game at the Brae Loch Golf Club on Route 45, just a few blocks from Cambridge at Water’s Edge.

Residents can enjoy the conveniently located shopping, restaurants, and other retail in downtown Grayslake.

If you’re in the market for a new condominium or townhome in Grayslake, you should keep up to date with the latest stats coming out of the area.

Condo sales have been stagnant over the past couple of years in Grayslake. According to the Chicago Association of Realtors, a total of 62 condominiums were sold in the city during the third quarter. This is a 14 percent drop from the same period last year.

Many buyers are unable to qualify for a mortgage as banks and lenders tighten requirements for new loans.

If you’re selling your condominium in Grayslake, it’s going to take you an average of 114 days to find a buyer. The turnover time in the neighborhood increased by 41 percent in just one year.

Buyers should start to see lower prices in the neighborhood. The average sales price dropped 4 percent during the third quarter, and prices should drop even further as condos sit longer on the market.

The average sales price for condos in Grayslake is currently at just over $200,000, making the neighborhood an affordable choice in the Chicago suburbs.

It is becoming a buyer’s market in Grayslake. Buyers should negotiate for a price that reflects the current market conditions in the neighborhood.

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