Grand Reserve Algonquin

Independent Assessment

Grand Reserve Algonquin has an unusually well-documented ownership and builder history, corroborated by a local news (Patch) report on the 2008 foreclosure and subsequent developer transition, alongside D.R. Horton's own current marketing describing its present-day role building 7 ranch floor plans within the community. This multi-builder history (Grand Pointe Homes to Petry Development to D.R. Horton) is reliably confirmed given the specificity and independent sourcing of the foreclosure/transition details. Sources show some variance on the exact construction-span end date (one source describes 2006-2025, suggesting the community may still be selling out its final planned homes), which is reported without further resolution. The 55+ age restriction itself is confirmed both by D.R. Horton's own current marketing and multiple independent directories.

Who May Find This Community Appealing

Buyers who want a low-maintenance, single-story ranch home from a large national builder (D.R. Horton) within an established McHenry County community will find Grand Reserve Algonquin appealing, particularly those who value its Randall Road-adjacent location and I-90/Route 62 access. Buyers should be aware of the community's multi-developer history, which some may find reassuring (the project survived a 2008 foreclosure and was successfully completed by subsequent developers) or may simply want to understand before purchasing.

Homes, Builders & Development History

Construction of Grand Reserve Algonquin began in 2006 under original developer Grand Pointe Homes Inc., led by Jeffrey S. Pelock. In 2008, Fifth Third Bank Chicago filed a foreclosure suit to collect $9.4 million in loans extended to that developer; Petry Development subsequently acquired the project. D.R. Horton has since joined the community as its current builder, offering 7 ranch floor plans ranging from 1,288 to 1,956 square feet with 2-3 bedrooms, 2 bathrooms, and 2-car garages, featuring open-concept layouts, stainless steel appliances, kitchen islands, quartz countertops, luxury vinyl planking, and smart home technology. The community is planned for 128 total single-family and attached homes; sources suggest construction/sales may have continued as recently as 2025.

Current Pricing & Market Positioning

No comprehensive current price range for Grand Reserve Algonquin homes was found. Buyers should request current base and as-built pricing directly from D.R. Horton's sales office or a local agent experienced with the community.

New Construction vs. Resale Considerations

Grand Reserve Algonquin's construction span (2006 through as recently as 2025 per one source) suggests the community may still have new-construction inventory available from D.R. Horton alongside resale homes from the earlier Grand Pointe Homes and Petry Development eras. Buyers should confirm with D.R. Horton's sales office whether new-construction lots remain, and should independently inspect any resale home given the community's multi-builder history and varying construction eras.

Taxes, Insurance & Special Assessments

Homes at Grand Reserve Algonquin are subject to McHenry County property tax administration; Illinois applies a flat 33.33% assessment ratio to residential property outside Cook County. A current effective property tax rate for specific Grand Reserve Algonquin parcels was not independently confirmed; buyers should confirm exact current figures with the McHenry County Assessor's Office.

Community Layout & Lifestyle

Grand Reserve Algonquin offers a low-maintenance, single-story ranch-home lifestyle in McHenry County, with D.R. Horton's current 7 floor plans emphasizing open-concept layouts and modern finishes (quartz countertops, luxury vinyl planking, smart home technology) over resort-scale community amenities. The community's professionally maintained yards support an easy-upkeep lifestyle for residents who want less hands-on home maintenance than a typical single-family home requires.

Shopping, Healthcare & Airport Access

Grand Reserve Algonquin is located in Algonquin, McHenry County, Illinois, with access to I-90 and Route 62. The community is a few minutes from the Randall Road corridor for shopping and dining, and within reach of the broader McHenry County retail and medical corridor.

Age Qualification & Material Ownership Restrictions

Grand Reserve Algonquin's age-restricted status is directly confirmed by current builder D.R. Horton's own marketing, which describes the community's ranch floor plans as designed for low-maintenance living for those 55 or greater, and by multiple independent directories describing it as designed for adults 55 and older. Illinois independently codifies a substantively similar 'housing for older persons' exemption directly into state law at 775 ILCS 5/3-106 of the Illinois Human Rights Act, requiring at least 80% of occupied units to have at least one resident 55 or older. The community's own recorded declaration was not independently reviewed; buyers should confirm current, exact age-verification requirements directly with D.R. Horton's sales office or the HOA.

Tradeoffs & Limitations

Grand Reserve Algonquin's construction and ownership history -- an original developer's 2008 foreclosure followed by at least two subsequent owners/builders -- means buyers should carefully confirm which specific phase and builder constructed any home under consideration, since floor plans, finishes, and construction quality standards may differ across the Grand Pointe Homes, Petry Development, and D.R. Horton eras. A comprehensive current price range was not found; buyers should request current pricing directly from D.R. Horton's sales office. The community has no reported on-site golf course or large clubhouse.

Comparison With Nearby Communities

Grand Reserve Algonquin has the most complex builder/ownership history of any community in this Lake/McHenry corridor batch, having passed through three developers/builders (Grand Pointe Homes, Petry Development, and now D.R. Horton) following a 2008 foreclosure -- a genuinely distinctive fact pattern versus the single-builder histories of neighbors like Briargate (Pulte) or Grand Dominion (Del Webb). Within Algonquin and nearby McHenry County towns, it offers a smaller-scale (128 planned homes), no-golf, low-maintenance alternative to the much larger Sun City Huntley.

Current Listings

A connected local agent or D.R. Horton's sales office can provide current available floor plans, lot premiums, and resale comparables.

Who builds homes in Grand Reserve Algonquin today?

D.R. Horton is the current builder, offering 7 ranch floor plans. The community has an eventful history: it was originally developed by Grand Pointe Homes Inc. beginning in 2006, entered foreclosure in 2008, and was subsequently acquired by Petry Development before D.R. Horton's involvement.

Is Grand Reserve Algonquin age-restricted?

Yes. D.R. Horton's own marketing describes its floor plans as designed for low-maintenance living for those 55 or greater, consistent with Illinois's codified housing-for-older-persons exemption (775 ILCS 5/3-106).

How many homes will Grand Reserve Algonquin have?

128 planned single-family and attached homes total.

Does Grand Reserve Algonquin have a clubhouse or golf course?

No clubhouse or golf course was reported for this community; its amenities center on low-maintenance home design and yard upkeep rather than resort-style facilities.