A nearly $14 million mansion in Lake Bluff is back on the market, joining only six other listings above $13 million in the Chicago area.
The 10,000-square-foot home has six bedrooms and eight bathrooms and was built in 1994. The Italianate-style property is on 12 acres and includes a tennis court, a pool and even its own vineyard. The estate also includes a rare 700 feet of private beach on Lake Michigan.
700 Crab Tree Lane (Zillow)
James Zenni, president and CEO of Z Capital Management, and his wife, Lisa originally listed the mansion at $19.5 million in 2018, making it the third-highest residential listing in the Chicago area at the time. The couple is now divorced and Lisa Zenni is selling the home.
Various price cuts since then have brought it down to $13.9 million in July 2021. The home was reportedly under contract in early April 2022, before it was relisted later that month — indicating that the home likely had a buyer that pulled out of the deal.
700 Crab Tree Lane (Zillow)
Houda Chedid, with Coldwell Banker Realty, is representing the sellers and did not respond to a request for comment.
Should the home sell this year, it would be the third listing in Lake Bluff to sell for more than $7 million so far in 2022.
In April, a home in Lake Bluff sold for $7.94 million after a month on the market. The sellers purchased the home in 2001 for just under $2.5 million, and had previously listed it in May 2021 for $9.95 million.
In March, another Lake Bluff property sold for $7.65 million, which was likely a record setting deal at the time.
Of the 14 Chicago-area sales above $8 million in the past two years, only four fetched more than $10 million.
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UPDATE: June 13, 2022, 10:45am: This story has been updated to show the couple is now divorced.