1298 S Falcon Drive, Palatine, IL

$699,999

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2

Beds

3½

Baths

4,485

Square feet

About 1298 S Falcon Drive

Stunning, wide-open end unit with the exclusive Peregrine Lake Estates lot amidst wooded greenery that backs to the lake. Enjoy low-maintenance living in this sun-filled, 3-bedroom townhome featuring a heated 3-car garage and many high-end updates throughout and an easy walk to Fremd HS! The main level offers an open-concept layout with refinished American Cherry hardwood floors, custom built-ins and upgrades, a gas fireplace, and a unique and huge heated/cooled 4-season room adjacent to the top deck. The kitchen features 42" maple cabinetry with soft-close drawers, granite countertops, a Sub-Zero HE refrigerator, exterior vented gourmet hood, and a quartz-top island. A remodeled 2nd primary suite, updated powder room, and laundry add main-floor living convenience. The upstairs primary suite features hardwood floors, two walk-in closets, and a remodeled bath with a double vanity and tiled shower. With two primary suites, this home offers flexible living arrangements ideal for multi-generational households or added privacy for guests. The grand loft overlooking the great room and its floor-to-ceiling windows provides flexible space that can easily convert into a home office for working from home, or serve as a potential 4th bedroom. The walkout lower level features a spacious recreation room with a second fireplace, a third bedroom with ensuite bath, a wet bar, and three sliding doors leading to the paver patio and gorgeous backyard. Enjoy updates including a new tankless water heater (2026), a bright sunroom with exterior access and fresh paint, plus a heated garage with a Q garage door system for added comfort and convenience. The primary bedroom furniture is negotiable. UPDATES: Navien tankless water heater (2026), Epoxy Garage Floor (2021), LED Lights Throughout (2022), Kitchen Island (2022), Basement & Primary Blinds (2022), New AC/Furnace (2025), Hood Exhaust (2025), Kitchen Backsplash (2025), Kitchen Disposal & Roll-out shelving (2024), Deck Restoration (2024), Bedroom Carpet (2021), New Roof (2020), Rizo Sprinkler Controller and RPZ Valve (2023), SimpliSafe Security System (2023), Level 2 Charger for EV (2023), Water Heater Controller (2022), Storm Sewer Sump Pump (2021), New Garage Door Spring (2026), Sliding Drawer in Pantry (2022), Remodeled Master Bath and Powder Room (2021), Freshly Painted Entire Home (2021)

Features of 1298 S Falcon Drive

MLS® # 12756527
Price $699,999
Bedrooms 2
Bathrooms 3.50
Full Baths 3
Half Baths 1
Square Footage 4,485
Year Built 2000
Type Residential
Sub-Type Attached Single
Status Active

Community Information

Address 1298 S Falcon Drive
Area Palatine
City Palatine
County Cook
State IL
Zip Code 60067

Amenities

Parking Spaces 3
Parking Concrete, Garage Door Opener, Yes, Garage Owned, Attached, Garage
# of Garages 3
Is Waterfront No
Has Pool No

Interior

Interior Features Vaulted Ceiling(s), Cathedral Ceiling(s), Wet Bar, 1st Floor Bedroom, In-Law Floorplan, 1st Floor Full Bath, Storage, Built-in Features, Walk-In Closet(s), High Ceilings, Granite Counters, Pantry, Quartz Counters
Heating Natural Gas
Cooling Central Air
Fireplace Yes
# of Fireplaces 2
Fireplaces Gas Log, Gas Starter
# of Stories 2
Has Basement Yes
Basement Finished, Exterior Entry, Other, Egress Window, 9 ft + pour, Rec/Family Area, Storage Space, Daylight, Full, Walk-Out Access

Exterior

Exterior Brick
Lot Description Corner Lot, Irregular Lot, Landscaped, Wooded, Mature Trees

School Information

District 211
Elementary Hunting Ridge Elementary School
Middle Plum Grove Middle School
High Wm Fremd High School

Additional Information

Days on Market 20
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 200
HOA Fees Freq. Monthly

Listing Details

OfficeEXCHANGE BROKERS

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Listing information last updated on October 4th, 2026 at 3:37pm CDT.