Will Galvin, the great-grandson of Motorola’s founder, and his wife Steffi made a concession after having their Winnetka home on the market for most of last year and failing to find any takers.
The couple sliced more than $1 million off the asking price for the seven-bedroom, 9,700-square-foot mansion as they returned it to the market, Crain’s reported. The property at 35 Indian Hill Road now carries a price tag of just under $5.5 million, and Nancy Nugent and Karen Stroble of Jameson Sotheby’s International Realty have been hired as the listing agents.
Will Galvin’s great-grandfather was Motorola founder Paul Galvin. The 2.3-acre property was initially represented by another agent and brokerage and priced at around $7 million and was lowered to $6.6 million before being pulled off the market. The couple bought the house for $4.9 million in 2017.
Built in 1927, the estate boasts six full bathrooms, two half bathrooms, a billiard room, steam room, pool and a library, according to the listing. It was designed by Bardes, an interior design firm run by Will’s mother, Cindy. The home is part of the Indian Hill Club, which comprises homes mostly built in the early part of the 20th century on roads that wind around the club’s golf course.
Similar large residential estates on the North Shore have also taken months or even years on the market before luring buyers — as well as several hefty price cuts from initial listings that often total seven figures. But many high-end homes that are slow to sell still require renovations to bring them up to the specifications preferred by today’s buyers.
It’s unclear whether that will be the case for the Galvins’ estate. They put the property through many updates during their ownership, including in the kitchen and bathrooms as well as upgrading utilities, the outlet reported.
— Quinn Donoghue
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