Second $12M resi sale recorded in Winnetka since start of the year

Chicago /
May.May 16, 2018 10:00 AM

The project would add 850 resi units, 175-key hotel at the mouth of the Chicago River (Credit: @properties)

A pair of homes in Winnetka sold for $12 million in the past three weeks, accounting for half of the $10 million-plus residential sales in the Chicago area this year.

The latest luxury sale in Winnetka was a lakefront mansion at 381 Sheridan Road sold Tuesday by retired United Continental executive Michael Bonds and his wife, Cynthia, according to Crain’s.

The five-bedroom, 5,500-square-foot house sold before it went on the open market, said the sellers’ agent, Gayle Dunn of @properties. The buyers’ agent, Kathryn Mangel of @properties, did not immediately respond to a request for comment from Crain’s. The buyers were not yet identified in public records.

381 Sheridan Road (Credit: @properties)

The site of the house sold in 2014 for $3.8 million. A house that was on the nearly 1-acre site was demolished and the Bonds’ house was built in its place.

The other $12 million sale, in late April, was for a newly built, eight-bedroom lakefront house about seven blocks away, at 1035 Sheridan Road.

In January, Len and Gaye Wislow sold a lakefront mansion at 735 Sheridan Road in Winnetka for $10 million to Philip and Janice Beck, who applied for a demolition permit but may not tear it down, according to Crain’s.

The last time a home home sold for $12 million in Winnetka was 2013.

The only other sale of more than $10 million this year was a condominium in JDL Development’s 9 West Walton on Chicago’s Gold Coast for $12.1 million.

By this time last year, the region’s highest sale price was $7.2 million, for a home on Grant Place in Lincoln Park. Eight homes have sold for more than that so far in 2018, according to Crain’s. [Crain’s]John O’Brien


Related Articles

arrow_forward_ios
Toni Preckwinkle (Getty)

Cook County provides $1M to limit evictions, foreclosures

Cook County provides $1M to limit evictions, foreclosures
1247-1249 W. Madison Street (Photos via @properties)

Dwelle Properties pays $33M for West Loop mixed-use complex

Dwelle Properties pays $33M for West Loop mixed-use complex
Plaza on DeWitt, 260 E. Chestnut Street

Downtown condo ponders mask mandate, big penalties

Downtown condo ponders mask mandate, big penalties
151 Sheridan Road (Realtor, iStock)

Winnetka luxury market is riding high

Winnetka luxury market is riding high
Homebuyers have flocked to Bronzeville (Credit: Google Maps)

Chicago homebuyers head to Bronzeville for more space

Chicago homebuyers head to Bronzeville for more space
Home sales and prices soared in the Chicago area last month

Chicago area home sales, prices soar for first time in years

Chicago area home sales, prices soar for first time in years
Penny Pritzker and North Kenmore Avenue (Credit: Google Maps)

Office of Penny Pritzker picks up Lincoln Park mansion

Office of Penny Pritzker picks up Lincoln Park mansion
211 N Harbor Dr in Lakshore East (Redfin; iStock)

Supply glut may set downtown home market back a year

Supply glut may set downtown home market back a year
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...