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508 Waters Edge Dr , Mchenry, IL 60050

$179,000

2
beds
2
baths
1,112
sqft
1977
year built

Welcome to easy, maintenance-free living in desirable Water's Edge! This inviting 2-bedroom, 2-bath condo offers the comfort and privacy of homeownership without the hassle of exterior maintenance. Step inside to a bright and welcoming layout with a spacious living and dining area, perfect for relaxing or entertaining. The comfortable primary suite features a private en-suite bath and walk-in closet, while the second bedroom and full bath provide flexibility for guests, a home office, or whatever fits your lifestyle. Step outside to your private patio, where you can enjoy peaceful views of the surrounding green space and unwind at the end of the day. A one-car garage with a storage area adds valuable convenience and space. Enjoy all the benefits of a quiet residential setting while being conveniently close to schools, parks, shopping, dining, downtown McHenry, and the Metra station. Whether you're a first-time buyer, downsizing, or simply ready to leave renting behind, this Water's Edge condo offers a wonderful opportunity to own a home in a convenient and peaceful community.

Highlights

  • Residential
  • Condominium
  • Built in 1977
  • $216/mo HOA
  • 1 Car Garage
  • 12 days on Market

  • Bedrooms
    2
  • Bathrooms
    2
  • Year Built
    1977
  • Stories
    1.0
  • Construction Materials
    Vinyl Siding, Brick
  • Foundation
    Concrete Perimeter
  • Garage Spaces
    1.0
  • Parking Features
    Attached, Garage Door Opener, Asphalt, Garage
  • Living Area
    1112.0
  • Interior Features
    Storage, Entrance Foyer
  • Appliances
    Dryer, Dishwasher, Microwave, Refrigerator, Washer, Range
  • Patio And Porch
    Patio
  • Cooling
    Central Air
  • Heating
    Forced Air
  • Basement
    None

  • Lot Features
    Landscaped
  • Utilities
    Cable Available
  • Water
    Public

  • Area
    Holiday Hills / Johnsburg / McHenry / Lakemoor / McCullom Lake / Sunnyside / Ringwood
  • County
    McHenry
  • City
    Mchenry
  • Neighborhood
    Waters Edge
  • Zip Code
    60050
  • High School
    Mchenry Campus
  • Middle School
    Parkland Middle School
  • Elementary School
    Riverwood Elementary School

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Frequently Asked Questions

How do I schedule a tour of 508 Waters Edge Dr?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 508 Waters Edge Dr.

They know residentials in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 508 Waters Edge Dr?

Click Ask a Question to talk with our team. You already know it is a 2 bed, 2 bath, listed for $179,000. We can talk through recent upgrades, potential seller motivation, how this condominium compares to others in Mchenry, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 508 Waters Edge Dr?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 508 Waters Edge Dr at around $1,335. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 508 Waters Edge Dr?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in McHenry County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 508 Waters Edge Dr?

In most cases, yes. Whether 508 Waters Edge Dr is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Mchenry's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 508 Waters Edge Dr?

We can handle that for you. Our preferred local agent specializes in residentials in Mchenry and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $179,000 with 1,112 sqft of space—that comes out to approximately $161 per square foot.

How long has this property been on the market?

508 Waters Edge Dr was listed on October 29, 2026, which means it's been on the market for 12 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1977, making it approximately 49 years old.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: Riverwood Elementary School
  • Middle: Parkland Middle School
  • High: Mchenry Campus

Want to see how these schools compare? Check out our McHenry County School Guide to see ratings, reviews, and more for the schools in the area.

What are the property taxes for 508 Waters Edge Dr?

The most recent public record shows annual property taxes for 508 Waters Edge Dr were approximately $3,801. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is there an HOA fee for this property, and what does it cover?

This home has an HOA fee of $216 paid monthly.

Is 508 Waters Edge Dr still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data


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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Midwest Real Estate Data (MRED). All rights reserved.

Last Updated: November 10, 2026 at 01:24AM | Source: Midwest Real Estate Data (MRED) | MLS#: 12796809