Two waterfront houses are set to go on the market asking close to $10 million each on the highly coveted Lake Geneva shoreline, where luxury houses are seldom hitting the public market before being snagged by eager buyers.
Compass’s Bob Webster is the listing agent for both 620 South Lake Shore Drive and N2224 Bonnie Brae Lane in Lake Geneva, two properties with asking prices that, if reached, would make them among the top four priciest Lake Geneva homes this year.
“In my 45 years of doing real estate, I can tell you that I’ve never seen the level of buyer interest as high as it is and the inventory as low as it is,” Webster said. “Where those two lines cross is pretty unusual based on my experience.”
The pricier home, at 620 South Lake Shore Drive in Lake Geneva is asking $9.8 million. The home’s owners built the 8,000-square-foot, seven bed, seven bath home after purchasing the land in 2016 for $2.8 million, Webster said. The house sits on a two-acre lot on the lake and has two canopied slips and is a short walk from downtown Lake Geneva. If it fetches the asking price, it would be the third-priciest home sold in Lake Geneva this year and among the top 10 in the last decade.
At N2224 Bonnie Brae Lane, the sellers are asking for $8.7 million for the 7,000-square-foot home with 5 bedrooms and 5.5 bathrooms. It sits on one acre and has a canopied pier with space for two boats. The home was last sold in June 2012 for $3 million. The new asking price would make it the fourth most expensive home sold in Lake Geneva in 2025.
The properties will add to the scant inventory in the resort town popular with wealthy Chicagoans, as only one other home is listed for more than $5 million. Demand is high and few owners want to give up prized lakefront views.
Homes of this value rarely hit the market at all in Lake Geneva — several homes sold this year without being publicly listed. A home that sold earlier this month wasn’t for sale until the buyer made an unsolicited $10 million offer. Another $20 million home was never listed publicly but drew five interested bidders before selling in June to one who promised not to tear down the existing structure. The buyer won the deal despite offering a smaller price than another party who contemplated demolition. At least two other homes on the lake sold for more than $5 million without being publicly listed this year.
Webster declined to identify the properties’ sellers to respect their privacy. He said both houses are the owners’ primary residences, not a second home.
Property tax records, however, link 620 South Lake Shore Drive to a land trust under the name Lynette M. Heimann. N2224 Bonnie Brae Lane’s property tax bills are addressed to Thomas and Margaret Riordan at an address in Florida.
Both homes are in the public MLS and listed as “coming soon.” The homes will begin showing on Sept. 2, Webster said.
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