A Gold Coast mansion recently listed for $8.99 million that a decade ago the owners asked $5.5 million more.
The more than one hundred-year-old, five-bedroom, 9,000-square-foot mansion at 1336 North State Parkway was the subject of a bizarre lawsuit centered on the seller backing out of a binding contract. Earlier in 2026, Jack and Julie McGinley, the owners, settled a lawsuit with the buyers, Jason and Courtney Kuhn over the cancellation of a $7.4 million sale of the Gold Coast mansion, according to the Chicago Tribune. The current sale price of the circa 1914 home comes in just under $1,000 per square foot.
Jack, a former pharmaceutical executive, and his wife experienced “seller’s remorse” once they formally agreed to sell their home. The Kuhns took them to court in 2025 to enforce the sale.
Court filings revealed text messages from the McGinley’s broker, Tim Salm of Jameson Sotheby’s, that said they knew they’d lose the lawsuit, and were just hoping to get a couple more years in the house. In depositions, it became apparent that Julie McGinley wasn’t enthusiastic about the offer, and never fully agreed with the sale.
Jack McGinley told her that “we can always get out” and the couple moved forward with the deal, according to court documents. The lawsuit was settled for undisclosed terms in December.
According to a separate lawsuit, the McGinleys backed out of a contract to buy Aloha Lodge in Lake Geneva, Wisconsin, for $37.5 million. Previously, the McGinleys backed out of a contract to buy a different Lake Geneva home, signed a contract to buy the same home again, then backed out of it again. They also backed out of a contract to buy a Palm Beach, Florida property that was represented by the Harold B. Smith Foundation, who filed the lawsuit.
Before the lawsuits flew left and right, McGinley listed the mansion for $14.5 million, according to the outlet. The new listing price is around a million-and-a-half more than the dollar amount the Kuhns attempted to pay for it.
— Hunter Cooke
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