Bannockburn, Illinois, is a quaint village located in Lake County, approximately 25 miles northwest of Chicago's Loop. Established in 1924 by Scottish real estate developer William Aitken, it was designed as an exclusive community for affluent members of his bridge and country club. Bannockburn's charm lies in its dedication to maintaining a serene, "country estates" atmosphere, with zoning regulations initially mandating one-acre lots, now increased to two-acre lots for new homes. This village is known for its lush landscapes and winding roads, offering a peaceful retreat while still providing convenient access to urban amenities. The Tri-State Tollway borders Bannockburn to the west, contributing to its growth since the 1950s, though traffic noise has been a concern. Bannockburn hosts a small population, with the 2020 census counting 1,013 residents, and features notable landmarks like the Friedman House designed by Frank Lloyd Wright.

Bannockburn currently has 4 single family homes for sale with an average list price of $2,430,999.75 and 3 lots for sale with an average list price of $481,600. The average annual property tax for Bannockburn is $21,812.40.