O'Neil Property Group
Mill Race Creek is 184 custom homes north of Route 34 at Pearces Ford — a 1989-planned community famous for its working waterwheel and double-waterfall entrance, with interconnected ponds and streams inside and Fox Bend Golf Course directly across Route 34.
Mill Race Creek is Oswego’s custom-home water community. Development began in 1989 as a joint venture of Oliver-Hoffman Corporation and RiverMist Development, and the homes went up from roughly 1990 through 2005 — the core of the build in the mid-1990s — under multiple custom builders including Stembridge Builders, Don Hart Construction, R.V. Coppolino Assoc., Preferred Properties, Arrow Builders and DePaulo Builders. The result is 184 single-family homes (per the association’s official count) with minimal duplicate designs, sited north of US Route 34 (Ogden Avenue) at Pearces Ford, west of Douglas Road.
The entrance is the signature: a working waterwheel with a double waterfall, sluice and bridge, feeding interconnected ponds and streams that run through the community. A park and playground and tennis courts sit inside the plan, and Fox Bend Golf Course is directly across Route 34. The Mill Race Creek HOA runs roughly $600–$757 per year per the association and MLS-fed sources, maintaining the entrance and water features, common areas and common insurance — verify the current figure with the HOA.
Homes run roughly 1,800 to 4,294 square feet, mostly 3–4 bedrooms with 2 to 3.1 baths. Recent 2025–2026 sales ran approximately $435,000 to $560,000 with a median around $506K, and July 2026 showed a single active listing at $539,900 — in a 184-home community of one-off designs, inventory is scarce and each sale prices on its own merits. Old Post Elementary, Thompson Junior High and Oswego High School (all CUSD 308) are the reported school assignments.
Pricing reflects Mill Race Creek sales and active listings as of mid-2026.
All 184 homes are custom builds with minimal duplicate designs — roughly 1,800 to 4,294 square feet, mostly 3–4 bedrooms. Recent sales ran about $435,000 to $560,000, and because no two homes match, each prices on its own merits.
See listings →2025–2026 sales posted a median around $506K — and with only a handful of homes trading in any year, comps require judgment. We track every Mill Race Creek sale and can price a specific home against its true peers.
See listings →July 2026 showed a single active listing at $539,900. In a 184-home community, the right move is often watching for coming-soon activity — call or text 630-381-4995 and we’ll flag new Mill Race Creek listings the day they surface.
See listings →A dedicated Mill Race Creek feed is coming to this page. Until it’s live, search every active Oswego listing below — or call or text 630-381-4995 and we’ll send you current Mill Race Creek listings straight from the MLS.
A working waterwheel with a double waterfall, sluice and bridge marks the entrance off Route 34 at Pearces Ford — the most distinctive subdivision entrance in Oswego, maintained by the association.
Interconnected ponds and streams thread the community, giving many homesites water views or water adjacency inside an otherwise wooded, custom-built plan.
The community sits directly across Route 34 from Fox Bend Golf Course — golf, dining and practice facilities effectively at the neighborhood’s front door.
A park with playground and tennis courts sit inside the community, with dues covering the common areas and the signature water features.
Mill Race Creek is served by Oswego Community Unit School District 308. Assignments can vary by address — verify current attendance boundaries with CUSD 308 before relying on them.
The reported elementary assignment for Mill Race Creek addresses. Confirm the current attendance boundary with CUSD 308 for any specific address.
The reported junior high assignment for the community; district bus service covers the area. Verify per address with the district.
Mill Race Creek addresses are reported to Oswego High School. Confirm the current assignment with the district for any specific address.
Mill Race Creek fronts US Route 34 (Ogden Avenue) at Pearces Ford, west of Douglas Road — the Route 34 retail corridor is at the entrance, and downtown Oswego’s riverfront, Hudson Crossing Park and Main Street lineup are a short drive west.
Route 34 runs east toward Aurora and Naperville’s corridors and west through downtown Oswego toward Yorkville. Orchard Road reaches I-88 in roughly 15 minutes, and the Naperville/I-88 employment corridor generally runs 20–30 minutes.
Oswego is about 45 miles southwest of the Loop. The Aurora Transportation Center is roughly 15 minutes away and the Route 59 Metra station about 20 — both on the BNSF line into Union Station in about an hour, faster on expresses.
With 184 one-off custom homes and scarce inventory, Mill Race Creek rewards preparation. Get real answers about pricing, dues, and what’s coming to market.