Lake Vista

Lake Villa, IL     |     28 Lots    |     Investment, Development

Opportunity
Janko Group purchased 28 developed single-family lots in Lake County, Illinois. The lots are located in the community of Lake Vista in Lake Villa. The acquisition also included one completed model home located on a separate lot.

Lake Vista encompasses approximately 10 acres and is annexed and zoned in Lake Villa for a total of 29 single-family homes. Lake Vista has an excellent marketing window and efficient land plan with cul-de-sac configuration. The community also includes lake rights to Deep Lake which is located directly across from the community. The unique aspect of Lake Vista is the excellent location within Lake County coupled with very little new construction competition.

Results
In December 2016, Meritus broke ground on two speculative ranch homes targeting the empty nester who wants to downsize.