A nearly-6,000-square-foot mansion on Lake Michigan just hit the market with an asking price of just under $10 million.
The lakefront home, located on Sheridan Road in Winnetka, was designed by Morgante Wilson Architects, the Chicago Tribune reported.
The owners, Neil Fitzpatrick, founder of Headlands Technologies, and his wife Gaillee bought the property in 2018 for $12 million, meaning they are set to take a $2 million loss on the sale.
The five-bedroom Winnetka mansion, situated on a 0.71-acre lot, is listed in a private network so details are not yet available to the general public. The home features five and a half bathrooms, a designer kitchen with a butler’s pantry and walk-in pantry, two wine cellars and an attached three-car garage. Views of the lake are available in almost every room.
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The couple also recently sold an eight-bedroom, 7,100-square-foot mansion in Kenilworth for $2.5 million. The couple had initially listed this Nantucket-style home for $3.3 million. However, after about three months on the market, they decided to lower the asking price for the home, which features a large coach house and 10-foot ceilings. The sale on this property closed on Sept. 15.
The lakefront mansion in Winnetka had a $137,432 property tax bill for 2020, while the Kenilworth mansion had a $73,575 property tax bill in the same year.
Luxury home sales have been common among business executives. In South Florida, Alden Global Capital managing director Heath Freeman recently purchased a waterfront mansion in Camp Biscayne for $19 million. Additionally, Jason Capello, who led Merchants’ Gate Capital, paid $30.7 million for a six-bedroom, 8,981-square-foot mansion in Palm Beach.
Another wealthy couple, John and Jenny Paulson are now in the process of divvying up their properties — including multiple luxury properties — after filing for divorce. One of the couple’s most notable properties is the $49-million Hala Ranch in Aspen, which was once owned by Saudi Prince Bandar bin Sultan.
[Chicago Tribune] — Victoria Pruitt