Winnetka mansion will be listed for $16M, becoming the latest in a string of highdollar homes for sale
Nov 08, 2024
A seven-bedroom, 9,653-square-foot mansion on a 1.77-acre property on Lake Michigan in Winnetka is about to be placed for sale for $16 million.
Built in 2020 by builder Scott Lyon & Co. and designed by architect Paul Konstant, the mansion sits on the site of a mansion that was built in 1991 for the late philanthropists Ann and Robert Lurie. It’s not clear whether the current mansion actually is a major rehab of the 1991 mansion, or whether the earlier one was demolished and a new one built. Listing agent Cricket King declined to comment on the listing.
The mansion has eight full bathrooms, two half bathrooms, an elevator, a sport court, a theater, a golf simulator, a large playroom, a heated three-car garage and large screened porch and multiple patios. The property also has an attached guest house and about 90 feet of frontage on Lake Michigan.
In a message sent to more than 100 local real estate agents on Nov. 6, King stated that she “soon” would be placing the mansion for sale in agents’ private listing network. She also provided a link to photos.
Through a land trust, owners Luke and Maggie Kelly in 2017 paid $6.187 million to buy the property from former Corus Bank CEO Robert Glickman, who had bought the property in 1997 for $5.5 million.
The Cook County Assessor’s office assigns the property a fair market value of $9.8 million.
The mansion had a $227,196 property tax bill in the 2023 tax year.
This listing is the latest in a series of high-dollar asking prices in Winnetka, where what surely is the region’s highest-priced home is being constructed by Justin Ishbia, with a combined land cost and estimated construction cost of $77.7 million. In addition to the Kellys’ mansion, retired investment banker Muneer Satter’s lakefront mansion is on the market for $35 million. And a seven-bedroom, 15,784-square-foot mansion on Lake Michigan is for sale with an $18 million price tag.
Goldsborough is a freelance reporter.