Richard Driehaus’ Lake Geneva mansion listed for record $39M finds buyer
12-bedroom estate hit market in October with one of the highest asking prices in Midwestern history
After less than a month on the market with a record asking price of $39.25 million, the Lake Geneva mansion once owned by Richard Driehaus, the late financier and philanthropist, has found a buyer.
The 12-bedroom Georgian-style home hit the market on Oct. 22, months after 78-year-old Driehaus died, the Chicago Tribune reported. The listing price is a record for Lake Geneva, Wisconsin and is one of the highest asking prices for a home in Midwestern history.
The buyer of the 14,145-square-foot mansion, which was designed by the Shepley, Rutan & Coolidge firm, has yet to be identified and the final sales price of the home is unknown.
The property, which is known as Glanworth Gardens today, was originally called Wadsworth Hall when it was built in 1906. The home was built for noted banker Norman Wait Harris and named for his mother’s family. The estate features an original landscape plan from Frederick Law Olmsted and includes 621 feet of lake frontage.
After Harris died in 1916, the estate was sold to Yellow Taxi Cab Company founder Walden W. Shaw. The mansion was passed down to his son-in-law Daniel F. Peterkin, who was the president of Morton Salt.
Driehaus bought the property from the Peterkin family for $4.83 million in 1998. He threw large annual theme parties with celebrities like Jay Leno and the Beach Boys in attendance.
If the 40-acre estate sells for anything close to the asking price, it will be a Lake Geneva record. The current record for priciest home sale in the city was set in April when Thomas Tisbo spent $12.75 million on a 12-year-old, 13,000-square-foot, 10-bedroom lakefront mansion.
The home next door to Glanworth Gardens is currently for sale with the area’s second-highest list price. The 12,396-square-foot, six-bedroom Villa Hortensia that sits on 20.5 acres was listed for $20.75 million in February.
[Chicago Tribune] — Victoria Pruitt