O'Neil Property Group
Lakewood Falls is one of Romeoville’s largest communities—single-family homes, duplexes, and townhomes built around ponds, parks, and open space on the village’s southwest side along the Plainfield border, west of Weber Road.
Lakewood Falls is where a lot of Romeoville searches end, simply because the community offers more ways to buy in than anywhere else in the village. Built primarily by Lakewood Homes from around 2000 through the mid-2000s, it spans single-family homes, duplexes, townhomes, and condos—roughly two dozen floor plans from about 900 to over 2,500 square feet—spread across sections wrapped around retention ponds, parks, and green open space.
That range is the neighborhood’s defining feature. A condo or duplex gets you in around the high $200Ks; core three- and four-bedroom singles trade in the low-to-mid $300Ks; and the largest plans reach toward $500K. Median sale prices have recently run around $330K—right at the village median—with homes moving quickly when priced correctly. For move-up buyers already in the community, the ladder from attached home to larger single often runs just a few streets over.
One thing to get right here is the school assignment. Lakewood Falls sits along the boundary between Valley View CUSD 365U and Plainfield CCSD 202, and different sections feed different districts and schools—including Lakewood Falls Elementary, a District 202 school that carries the neighborhood’s name. Boundaries have shifted over the years, so we verify the current assignment with the district on every address before our buyers write. HOA dues also vary widely by product type—roughly $30 a month in some single-family sections to nearly $300 where exterior maintenance is included.
Pricing reflects Lakewood Falls sales and active listings as of mid-2026. Ranges shift with the market—call for current numbers.
Two- and three-bedroom condos and ranch duplexes, roughly 900–1,500 square feet, most with attached garages. Recent listings have run from about $290,000 to $340,000—the community’s entry point and a favorite of downsizers who want single-level living.
See listings →Three- and four-bedroom singles from the main 2000s construction wave, generally 1,400–2,200 square feet with two-car garages and many with basements. This is the heart of the neighborhood market, trading right around the village median.
See listings →The community’s biggest floor plans—four- and five-bedroom homes toward 2,500+ square feet, often on pond or open-space lots. Recent top-of-neighborhood sales have reached toward $475,000–$509,000.
See listings →A dedicated live Lakewood Falls listing feed is coming to this page. In the meantime, search every active Romeoville listing—including Lakewood Falls—updated in real time from the MLS, or call us for a current list of what’s available in the neighborhood.
The master plan reserves parks, green corridors, and common areas throughout the community rather than building lot-to-lot, and neighborhood streets connect by sidewalk to play areas and open ground.
Retention ponds anchor views across the community—pond-backing lots carry a consistent resale premium—and the water features give the neighborhood its name.
O’Hara Woods Preserve’s trails and spring wildflowers sit a short drive northeast, with the village’s Recreation Center, Heritage Falls Water Park, and Volunteer Park skate park about ten minutes across town.
The community sits minutes from both the Weber Road corridor and downtown Plainfield’s Route 59 shops and restaurants—two full retail districts within a ten-minute drive.
Lakewood Falls straddles the boundary between Valley View CUSD 365U and Plainfield CCSD 202, and assignments vary by section. Verify current attendance boundaries with the district, as they can change.
A District 202 elementary school carrying the neighborhood’s name, serving portions of the community. Confirm the current boundary with the district.
Serves 365U-assigned sections of the neighborhood; other sections feed District 202 middle schools.
Serves 365U-assigned addresses; District 202 sections feed Plainfield high schools. The split makes per-address verification essential here.
Lakewood Falls sits on the village’s southwest edge, so daily errands split naturally between the Weber Road corridor and downtown Plainfield, each about ten minutes out. The village’s recreation core—Uptown Square, the Rec Center, Heritage Falls—is a similar drive northeast.
Weber Road reaches I-55 in under ten minutes for the Bolingbrook and Naperville corridors, and Route 126 runs west toward Plainfield and I-55’s southern interchanges. I-355 is roughly 15 minutes for DuPage-bound commuters.
Plan on 45–60 minutes to the Loop by car via I-55 outside of rush hour. The Romeoville Metra station’s weekday Heritage Corridor trains run to Union Station, and the BNSF line at Route 59—about 15 minutes north—adds express options.
We work Romeoville daily and know every section of Lakewood Falls. Get real answers about pricing, fees, and what’s coming to market.