O'Neil Property Group
Pingree Grove Neighborhood Guide

Cambridge Lakes

The master-planned community that built modern Pingree Grove — townhomes, condos, and single-family homes from 2005 onward, wrapped around a 30,000 sq ft community center, three pools, a dozen lakes, and a K–8 charter school.

$290K–$528K
Current Price Range
2005–2026
Years Built
3 Pools
30,000 Sq Ft Community Center
K–8
Charter School On-Site

Living in Cambridge Lakes

Cambridge Lakes is the reason Pingree Grove grew from 124 residents to more than 10,000 in two decades. Cambridge Homes broke ground on the master plan in 2005, west of Route 47 and south of Route 72, and construction has continued in phases ever since — D.R. Horton and Ashton Woods are still building here in 2026. The result is a community that spans nearly every product type in one footprint: condo flats, two-story and ranch townhomes, duplexes, and single-family homes up to five bedrooms, plus the age-qualified Carillon enclave, which we cover in its own guide.

The amenity package is the calling card. The community center runs about 30,000 square feet with three pools, fitness space, and event rooms, and the neighborhood wraps around a dozen lakes with more than five miles of trails, ball fields, parks, and a skate park. The Cambridge Lakes Charter School — a public K–8 inside the neighborhood — means many students never cross a major road to get to class.

For buyers, Cambridge Lakes offers the widest price spread in town: resale townhomes from the high $200s, new D.R. Horton townhomes from about $319K, and single-family homes running from the mid $300s to the high $400s resale — with heavily optioned new builds reaching about $528K. Know the details before you offer: HOA tiers differ by section, and some parcels carry Special Service Area (SSA) line items on the tax bill. We verify both on every showing.

Cambridge Lakes at a Glance

  • Location West of Route 47 and south of Route 72 along the US 20 corridor, Pingree Grove — about 7 miles northwest of Elgin
  • Builders Cambridge Homes (original developer); D.R. Horton and Ashton Woods currently building
  • Built 2005–present, in phases; new construction still active in 2026
  • Homes Condos, two-story and ranch townhomes, duplexes, and single-family homes across multiple sections, plus the 943-home Carillon 55+ enclave
  • HOA Master + sub-associations; MLS-reported fees run roughly $20–$430/month by product type (single-family commonly ~$60/month; attached homes higher for exterior maintenance). Some parcels also carry SSA tax line items — verify per parcel
  • Amenities ~30,000 sq ft community center, three pools, 12 lakes, 5+ miles of trails, ball fields, parks, skate park
  • School District Community Unit School District 300, with Cambridge Lakes Charter School (K–8) on-site

Cambridge Lakes Home Types & Prices

Pricing below reflects recent listing and sale activity in 2025–2026; exact numbers move month to month.

$319K–$363K

New-construction townhomes

D.R. Horton’s current two-story plans run 1,579–1,827 sq ft with 2–3 beds, 2.5 baths, rear-load two-car garages, and upper-level laundry. Ranch townhome plans add the single-level option.

High $200s–$350s

Resale townhomes & condos

The deepest resale lane in town: two- and three-bedroom attached homes from the mid 2000s onward, roughly 1,000–1,700 sq ft, with association-maintained exteriors and access to the full amenity package.

Mid $300s–$528K

Single-family homes

Resale singles from roughly 1,360 to 3,000+ sq ft, many with basements and three-car garages, plus new Ashton Woods and D.R. Horton builds topping out around $528K before options.

Cambridge Lakes Homes for Sale

Subdivision-level MLS feeds for Cambridge Lakes are being configured. Until then, browse every active Pingree Grove listing — Cambridge Lakes carries most of the town’s inventory at any given time.

Search All Pingree Grove Homes

What Living Here Comes With

🏊

Community center & pools

The ~30,000 sq ft community center anchors the neighborhood with three pools, fitness space, and year-round programming run through the association.

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Lakes, trails & parks

A dozen lakes threaded with more than five miles of walking and biking trails, plus ball fields, playgrounds, and a skate park spread through the sections.

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K–8 charter school on-site

The Cambridge Lakes Charter School, a public K–8 within District 300, sits inside the neighborhood — verify enrollment and boundaries with the school directly.

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Active new construction

D.R. Horton and Ashton Woods are still building, which keeps model homes open, incentives in play, and resale pricing honest across the community.

Schools Serving Cambridge Lakes

Cambridge Lakes addresses fall within Community Unit School District 300, with a public charter option inside the neighborhood. Boundaries can differ street by street — confirm current attendance boundaries with the district for any specific address.

Cambridge Lakes Charter School

D300 charter · K–8

Public charter school located inside Cambridge Lakes; enrollment procedures run through the school — confirm availability directly.

Gary D. Wright Elementary

District 300 · PreK–5

The neighborhood District 300 elementary serving much of the Pingree Grove area, located just west in Hampshire.

Hampshire High School

District 300 · Grades 9–12

The District 300 high school assignment for Cambridge Lakes addresses, on Route 72 in Hampshire.

Getting Around from Cambridge Lakes

Around Town

Cambridge Lakes fronts the US 20 corridor with daily-needs retail at Route 47 and US 20, Goebbert’s Pumpkin Patch a few minutes away on Reinking Road, and the Pingree Grove Forest Preserve on the edge of town. The Randall Road corridor’s big-box retail and hospitals are about 15 minutes east.

Commuting by Car

I-90 is about ten minutes north via Route 47, putting O’Hare roughly 35–40 minutes out and Schaumburg about 30. Elgin is seven miles southeast on US 20.

Getting to Chicago

Downtown Chicago is about 50 miles southeast — plan 60 to 75 minutes driving via I-90 outside of rush hour, or drive 15 minutes to the Metra Milwaukee District West line at Big Timber Road in Elgin for a roughly 70–80 minute ride to Union Station.

Cambridge Lakes FAQs

How much does a home in Cambridge Lakes cost?
Roughly $290K to $528K in 2026 — resale townhomes from the high $200s, new D.R. Horton townhomes from about $319K, and single-family homes from the mid $300s up to about $528K for new construction. Call or text Kealan at 630-381-4995 for current comps on any section.
What are the HOA fees in Cambridge Lakes and what do they cover?
MLS-reported fees run roughly $20–$430 a month depending on the section and product type. Single-family homes commonly pay about $60/month covering the master association and amenity access; townhomes and condos pay more because exterior maintenance, lawn, and snow are included. We pull the exact fee schedule for every property we show.
Does Cambridge Lakes have an SSA tax?
Some parcels do — Special Service Area (SSA) line items appear on the tax bill in parts of the community, on top of the base taxes, and the village has adjusted SSA levies over the years. It varies by section and parcel, so we verify the complete tax bill on every property before our clients offer.
Is there still new construction in Cambridge Lakes?
Yes — D.R. Horton is actively building at Cambridge Lakes North and Ashton Woods builds single-family homes in the community, with pricing from about $319K to $528K before options. We represent buyers with builders at no cost and negotiate incentives on your behalf.
What amenities do Cambridge Lakes residents get?
A ~30,000 sq ft community center with three pools and fitness space, a dozen lakes, five-plus miles of trails, ball fields, parks, and a skate park — plus the K–8 charter school inside the neighborhood. Amenity access is tied to the association fee.
What schools serve Cambridge Lakes?
Community Unit School District 300 — commonly Gary D. Wright Elementary, Hampshire Middle School, and Hampshire High School — plus the Cambridge Lakes Charter School, a public K–8 inside the neighborhood. Boundaries can differ street by street, so confirm the current assignment with the district for any specific address.

Buy or Sell in Cambridge Lakes

We work Cambridge Lakes every week and know the sections, the HOA tiers, and the SSA parcels. Tell us what you’re looking for and we’ll do the rest.