A lakefront mansion hit the market this week at $12 million, the latest pricey North Shore residential listing.
The home at 77 Stone Gate Lane in Lake Forest includes an original structure from 1928 and a six-bedroom residence built around it in 2001, according to Crain’s. The 8,800-square-foot home features 400 feet of Lake Michigan frontage. The property encompasses three acres.
The sellers are retired Goldman Sachs executives Connie and Thomas Duckworth. Ann Lyon of Berkshire Hathaway HomeServices KoenigRubloff Realty Group has the listing.
Nancy Hughes, widow of filmmaker John Hughes, broke the record for most expensive residential sale in Lake Forest when she bought a 12,500-square-foot Cape Cod last year for $12 million.
Another Lake Forest mansion, known as the Wyldwoode estate, is on the market for $15 million, the fourth-highest asking price in the Chicago area behind a Lincoln Park mansion, a Gold Coast mansion and a Lake Bluff estate.
The Chicago-area luxury home market set a record last year for sales of $4 million or more, but lakefront mansions on the North Shore are no longer the easy sell they once were. That’s forced brokers to have tough discussions with clients when setting asking prices in the area. [Crain’s] — John O’Brien