Runaway Bay at Palatine Condominium Association.


Runaway Bay Condominiums in Palatine, IL is a lovely village-like community featurinng 346 units in 43 buildings on 20 acres of land with plenty of amenities (listed below). It is distinguished as one of the nicer condominium communities in the Northwest Suburbs. Walk along the winding walking path and you will see ducks splash, children play and trees wave with the breeze.


One and two-bedroom condos are among the largest, and best value, in the area (800 sq. ft., and 1125 sq. ft., respectively). Townhomes are 1350 sq. ft.


2021 Assessments are $278 for 1-bedroom and $392 for 2-bedroom including swimming pool and heating (and air conditioning in the elevator buildings).

Property taxes for residents are approximately $661 for 1-bedroom and $1402 for 2-bedroom for the full tax year 2020.

Amenities at Runaway Bay Condos

  • Assessments Include: Central Air Conditioning (in buildings with elevators), Heat, Gas, Water, Swimming Pool, Insurance for buildings, Professional Onsite Property Management, Part-time Security Service, Security Lighting, Exterior Maintenance, Landscaping, Snow Removal, Maintenance/Replacement of common element plumbing pipes, Cleaning of common hallways and grounds, Parking, Garbage Disposal, Roof repairs and replacement, Siding repairs and replacement, Reserve account for future capital improvements, Painting common areas inside and out, Maintenance/Replacement of patios and balconies. Fitness room should be ready next year.
  • Assessments do not include: Exclusive use elements or Electricity.
  • Great road access to 53 (I-90, I-355), Rand Road, and Dundee Road
  • Stores galore within five minutes: Trader Joe's, Starbucks, Wal-Mart, Casual and Fine Dining, Home Depot, Menard's, Target, Kohl's, TJ Max, Jewel, Olive Garden, Whole Foods, Best Buy, Office Depot, Women's apparel, Children's stores, Banks, Butera, Automotive service mall and many more.