A Winnetka Mansion spent only five months on the market before it found a buyer at $6.2 million.
The 6,200-square-foot home on Hill road went under contract in October before closing Dec. 1 for an 11 percent reduction on its $6.9 million price tag.
The home’s owners are obscured through a title company, but they purchased it in 2014 from the late Donald S. Perkins, former CEO of the grocery store chain Jewel.
Jena Radnay represented the sellers and the buyers.
The luxury market is on a hot streak as families are leaving the city in search of safer communities and better schools, said Radnay, who specializes in high end homes on Chicago’s North Shore and lakefront.
“We have a new pattern happening, city buyers in luxury homes don’t feel safe in the city like they once did, and once they come to this decision, they buy something immediately,” Radnay said.
Five other homes Radnay had listed went under contract quickly over the last couple of months, she said. Forty-eight people came through her open house on Sunday at 114 De Windt Road, in Winnetka, which is asking $3.3 million.
The Hill Road home set a record sale price for non-lakefront land in Winnetka, she said. The home, which underwent a full renovation recently, is far from the lakefront but adjacent to the Indian Hill Country Club. Built in 1936, the home was designed by Chicago Architect Solon Spencer Beman and sits on 1.3 acres. It includes a cabana and pool as well as a three-car heated garage and a heated driveway.
The sale follows a broader pattern seen throughout both the city and suburbs this November, where a mini rush of sales have reignited a luxury market that lagged for most of 2023.
The luxury market has 18 homes that are either pending or contingent, according to public listing site data, indicating that the trend could continue into early next year, as the traditional spring market kicks off.
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