Winnetka’s luxury market roars back with second $8M-plus sale of 2020

No deals over $5M happened in 2019 in the suburban town

Chicago /
Jul.July 28, 2020 05:20 PM
An aerial of 209 Sheridan Road in Winnetka (Google Maps)

An aerial of 209 Sheridan Road in Winnetka (Google Maps)

A lakefront estate in Winnetka closed on Monday for $8.2 million, giving renewed hope to a high-end suburban market that has struggled to reach former heights.

The sale of the 1.4-acre estate at 209 Sheridan Road marks the second $8 million-plus deal in Winnetka this year, after “Le Grande Reve” sold in June, according to Crain’s. There wasn’t a single sale over $5 million in 2019 in the tony suburb.

It’s unclear who bought the property, which features a four-car garage and nearly 150 feet of private beach access, according to a rather spartan MLS listing. Susan Miner of Premier Relocation represented both the buyer and seller.

Crain’s speculated that a developer intent on demolishing the 1950s-era home and building a new structure was the buyer. Two days before the sale was made public, the owners of a 1.1-acre property next door raised the asking price on their home to $12 million from $9 million.

The owner of the home that sold is Robert Britz, who runs a petroleum company and spends part of the year in Southern California. Records show he bought the home in 1993 for $600,000. [Crain’s] — James Kleimann


Related Articles

arrow_forward_ios
151 Sheridan Road (Realtor, iStock)

Winnetka luxury market is riding high

Winnetka luxury market is riding high
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
143 Sheridan Road (Redfin)

Suburban surge: Kenilworth lakefront mansion fetches $7.5M

Suburban surge: Kenilworth lakefront mansion fetches $7.5M
Chicago Suburban Real Estate Market Rebounds

The Chicago suburbs are back!

The Chicago suburbs are back!
28 W 660 Perkins Court (Credit: @properties via Crain's)

Naperville mansion sells in biggest resi deal since 2008

Naperville mansion sells in biggest resi deal since 2008
Le Grand Reve at 68 Locust Road in Winnetka and Sherwin Jarol (Courtesy Realtor/SMB Bradley)

Eleven years and $22M in price cuts later, Winnetka mansion finally in contract

Eleven years and $22M in price cuts later, Winnetka mansion finally in contract
480 Oak Street in Winnetka (Credit: Redfin)

It looks grim for mansion sellers in Winnetka

It looks grim for mansion sellers in Winnetka
919 HIll Road (Credit: Redfin/Sharon Friedman/Coldwell Banker Realty)

“It’s sad”: Sprawling Winnetka mansion unloaded for big loss

“It’s sad”: Sprawling Winnetka mansion unloaded for big loss
arrow_forward_ios

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

Loading...