518 Elder Ln, Winnetka, IL 60093
Property image
Property image
SOLD
DEC 17, 2025

518 Elder Ln
Winnetka, IL 60093

  • 6 Beds
  • 7 Baths
  • 7,500 sqft (on 0.28 acres)

$4,200,000

Last Sold: Dec 17, 2025
5% below list $4.4M
$560/sqft
Est. Refi. Payment $28,432/mo*
Refinance Your Home

$4,200,000

Last Sold: Dec 17, 2025
5% below list $4.4M
$560/sqft
Est. Refi. Payment $28,432/mo*
Refinance Your Home
6 Beds
7 Baths
7,500 sqft
(on 0.28 acres)

Local Information

  • Map ViewExplore the area around 518 Elder Ln.
  • Schools2 Elementary Schools2 Middle Schools2 High Schools
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
2025
Lot Size
0.28 acres
Living Area
7,500 sqft
Price/Sqft
$560/sqft
Parking
2 Car Garage

Description

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. Agent has ownership interest, home is ready to be shown and is in the touch up/cleaning process. Some photos are of builders previous work.
518 Elder Ln, Winnetka, IL 60093 is a 6 bedroom, 7 bathroom, 7,500 sqft single-family home built in 2025. It last sold for $4,200,000 on Dec 17, 2025 (5% below the $4,399,995 asking price). It is currently off market. The Trulia Estimate is $4,940,500, with a rent estimate of $5,068/month.

Home Details for 518 Elder Ln

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: Finished,FullNumber of Rooms: 11Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 6, Dining Room, Family Room, Kitchen, Laundry, Living Room, Office
Beds & Baths
Number of Bedrooms: 6Number of Bathrooms: 7Number of Bathrooms (full): 7
Dimensions and Layout
Living Area: 7500 Square Feet
Appliances & Utilities
Appliances: Range, Microwave, Dishwasher, High End Refrigerator, Bar Fridge, Freezer, Washer, Dryer, Disposal, Range HoodDishwasherDisposalDryerLaundry: Multiple LocationsMicrowaveWasher
Heating & Cooling
Heating: Natural GasHas CoolingAir Conditioning: Central Air,ZonedHas HeatingHeating Fuel: Natural Gas
Fireplace & Spa
Number of Fireplaces: 2Fireplace: Gas Starter, Masonry, Family Room, BasementHas a Fireplace
Gas & Electric
Electric: Service - 400 Amp or Greater
Levels, Entrance, & Accessibility
Stories: 3Accessibility: No Disability Access
View
No View

Exterior Features

Exterior Home Features
Roof: SlateFoundation: Concrete Perimeter
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2Has a GarageHas an Attached GarageHas Open ParkingParking Spaces: 2Parking: Asphalt,Brick Driveway,Yes,Attached,Garage
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer, Storm Sewer

Property Information

Year Built
Year Built: 2025
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Construction Materials: BrickIs a New Construction
Property Information
Condition: New ConstructionParcel Number: 05213170170000

Price & Status

Price
List Price: $4,399,995Price Per Sqft: $560/sqft
Status Change & Dates
Off Market Date: Sat Oct 18 2025Possession Timing: Close Of Escrow

Location

Direction & Address
City: Winnetka
School Information
Elementary School: Greeley Elementary SchoolElementary School District: 36Jr High / Middle School: Carleton W Washburne SchoolJr High / Middle School District: 36High School: New Trier Twp H.S. Northfield/WiHigh School District: 203

HOA

HOA Fee Includes: None

Lot Information

Lot Area: 0.28 acres

Listing Info

Special Conditions: None

Offer

Listing Terms: Conventional

Business

Business Information
Ownership: Fee Simple

Miscellaneous

BasementMls Number: 12487218Attic: Finished

Additional Information

Source Internet Automated Valuation DisplaySource Internet Entire Listing DisplayMRD REMARKSINTERNET: YesSource Internet Address Display
Last check for updates: about 2 hours ago
Listed by Matan Aharoni, (847) 446-4000
Coldwell Banker Realty
Bought with: David Chung, (312) 399-0630, Compass
Source: MRED as distributed by MLS GRID, MLS#12487218

Price History for 518 Elder Ln

DatePriceEventSource
12/17/2025$4,200,000Sold
MRED as distributed by MLS GRID #12487218
10/18/2025$4,399,995PendingMRED as distributed by MLS GRID #12487218
10/03/2025$4,399,995Listed For SaleMRED as distributed by MLS GRID #12487218
10/01/2025$4,495,000ListingRemovedMRED as distributed by MLS GRID #12335263
04/11/2025$4,495,000Listed For SaleMRED as distributed by MLS GRID #12335263
04/11/2025$4,495,000ListingRemovedMRED as distributed by MLS GRID #12257894
02/28/2025$4,495,000Listed For SaleMRED as distributed by MLS GRID #12257894
01/08/2024$1,100,000Sold
N/A
06/26/2000$725,000Sold
N/A

Market trends in Winnetka

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$1.93M
Sale-to-List Price
—
Price per sq ft
$511
Available listings
34
8MoM
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Property Tax and Assessment

Year2024
Tax
Assessment$860,000
Home facts updated by county records

Comparable Sales for 518 Elder Ln

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
153 Bertling Ln, Winnetka, IL
0.21
Single-Family Home
$2,750,000
04/22/26
5
4.5
6,150
647 Garland Ave, Winnetka, IL
0.24
Single-Family Home
$3,070,000
01/06/26
5
6
5,174
358 Winnetka Ave, Winnetka, IL
0.41
Single-Family Home
$3,000,000
05/08/26
5
6
5,900
525 Ash St, Winnetka, IL
0.35
Single-Family Home
$4,995,000
04/27/26
5
7
4,450
334 Woodland Ave, Winnetka, IL
0.26
Single-Family Home
$3,005,000
04/23/26
5
4.5
3,748
321 Woodland Ave, Winnetka, IL
0.28
Single-Family Home
$2,600,000
09/18/25
6
5
4,698
603 Elm St, Winnetka, IL
0.63
Single-Family Home
$3,480,000
09/06/25
6
6.5
6,713
213 Linden St, Winnetka, IL
0.47
Single-Family Home
$3,100,000
02/17/26
6
6
5,338

Nearby homes

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Assigned Schools

These are the assigned schools for 518 Elder Ln.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Winnetka

At least 78 Trulia users voted on each feature.

  • 94 % Say people would walk alone at night

  • 90 % Say it's dog friendly

  • 88 % Say kids play outside

  • 88 % Say there's holiday spirit

  • 87 % Say there are sidewalks

  • 82 % Say yards are well-kept

  • 81 % Say it's walkable to restaurants

  • 80 % Say parking is easy

  • 78 % Say there's wildlife

  • 76 % Say it's quiet

  • 74 % Say car is needed

  • 72 % Say there are community events

  • 71 % Say they plan to stay for at least 5 years

  • 71 % Say it's walkable to grocery stores

  • 70 % Say neighbors are friendly

  • 66 % Say streets are well-lit

Sourced by Trulia users. Learn more about our methodology.
  • DRD
    "Great schools and public works. Incredible beaches. Great fire and police systems. Amazing playing fields for kids’ sports. "
    0
    Flag
  • allisonbowersbrown
    "Park district, block parties, parades, fireworks. Neighborhood get together, school and church events. "
    0
    Flag
  • Jillian D.
    "I take the metra and walk to work. It’s easy and about as fast in the train to Chicago as it is in a car. Going west without a car is not as doable though. "
    1
    Flag
  • Acparacchini
    "Great dog beach, easy walk to town with coffee shops, restaurants, etc and bring the dog! 4th of July parade and everyone brings their dogs "
    0
    Flag
  • Phil L. .
    "Great parks, families and restaurants. Easy walk to restaurants , train, and interesting stores. Lots of people out walking, running or on bikes. "
    0
    Flag
  • Jillian D.
    "I take the train and walk. There are usually window seats available on the Metra when I leave winnetka at 7:21. "
    1
    Flag
  • Jillian D.
    "There are lots of green parks for doggos to play at! There’s also lil fountains where you can get water for people and dogs in the summer. "
    2
    Flag
  • Sarahvaile687
    "Winnetka music festival, summer music in the park...there are plenty of events hosted by the community."
    1
    Flag
  • Winnetka mom
    "I’ve lived here for 14 years and Winnetka is the most warm, welcoming neighborhood I’ve ever lived in!"
    1
    Flag
  • Benjamin J. D.
    "They would like it. It’s a great community with tons of parks. Move here! You won’t regret it. It’s like living in a Rockwell painting."
    1
    Flag
  • Mklein
    "Lived here for 22 years. Raised our family here. Would do it again given the chance. Great mix of people from different backgrounds and heritage. Only downfall is politically backwards and cannot get anything done in the village that’s required to stay current with infrastructure or lifestyle. "
    5
    Flag
  • Sbardoni29
    "Wonderful place to live. Gorgeous homes and great apartment living above shops and restaurants. So close to the lake and Metra runs right through city to downtown. "
    0
    Flag
  • Coveyandclay
    "family friendly and perfect for children! parks are wonderful and schools are best in country. park district facilities are top notch"
    0
    Flag
  • Coveyandclay
    "great parks and lots of kids playing there all the time. very family friendly. many kids events put on by park district also."
    0
    Flag
  • Erin K. C.
    "Very dog friendly. There is a great private dog beach that is well maintained with a dog wash and passholder only gate. All dogs are required to be well behaved and up to date on all shots. "
    0
    Flag
  • Acparacchini
    "Lived in Winnetka essentially since I was 9! Great place to raise a family. Beautiful homes, great town, great beaches, excellent schools, easy transportation to the city! "
    2
    Flag
  • Gabriel
    "Safe, quiet and architecturally nice. A great place to live and raise a family. Great schools and close to the lake. "
    0
    Flag
  • mtoyama60
    "Wonderful neighborhood close to lake and town and highly rated schools. Family community. Quiet residential street. Great investment."
    0
    Flag
  • Patty E.
    "I want to move here ,whith my kids."
    0
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Apartments for Rent

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Explore by feature - Pet Friendly

38 pet-friendly rentals in Winnetka, IL

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19 rentals with air conditioning in Winnetka, IL

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35 rentals with a washer/dryer in Winnetka, IL

Homes for sale near 518 Elder Ln

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Off Market Homes Near 518 Elder Ln

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Based on information submitted to the MLS GRID as of 2026. All data is obtained from various sources and may not have been 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. Click here for more information