Originally developed in the 1920's as a recreational summer-home community, the Village is centered around two scenic private lakes, totaling over 75 acres. The Village occupies approximately 1.1 square miles and presently contains just over 430 single-family homes and no commercial business buildings, schools, churches or post office. The Village is within the award-winning Barrington Community Unit School District 220. Grade school children attend the North Barrington School, less than one mile south. Private schools are also available in Barrington.
Residents commute to jobs in nearby suburbs as well as in Chicago.
Homeowners' Associations Within the Village of Tower Lakes borders, there are three active homeowners' associations. It was chartered in 1931 and was the governing body of Tower Lakes until incorporation in 1966. It still holds title to the lakes, ponds, islands, beach, parks, playgrounds, soccer field and tennis courts in Tower Lakes, which are the private property of its members. Because of this ownership, the TLIA has a much larger and more active role than the typical more socially oriented homeowners' association. The Fenview Estates Homeowners' Association consists of 35 homes.