A lakefront mansion in Winnetka is poised to become the village’s latest high-end listing, adding competition for an already unusual number of ultra-luxury homes asking more than $10 million on the North Shore from Chicago.

The seven-bedroom estate, set on 1.75 acres in 973 Sheridan Roadis expected to hit the market for $16 million, or about $1,657 per square foot, according to the Chicago Tribune. reported.

Winnetka — the Chicago area’s most exclusive submarket — has attracted several high-end listings in recent months, despite the fact that home sales in the area rarely exceed the eight-figure threshold. These include the announcement of Muneer Satter’s $35 million lakefront estate and another mansion asking $18 million nearby. In a separate transaction, former Chicago Cubs pitcher Kerry Wood recently sold his Winnetka home for $8.5 million.

Other massive residential efforts currently underway in the North Shore region include billionaire Justin Ishbia’s $77.7 million compound under construction, as well as four Lake Forest mansions on the market for more than $10 million. of dollars. There’s also a Glencoe mansion for sale for $10.9 million.

The owners of the new Winnetka listing, Luke and Maggie Kelly, paid just under $6.19 million to acquire the property in 2017. The couple acquired it from former Corus Bank CEO Robert Glickman , who had owned the property since 1997 when he purchased it for $5.5 million from deceased philanthropists. Ann and Robert Lurie. The Luries built a more than 14,000-square-foot home on the property in 1991, and it is unclear whether the Kellys did a major remodel of that home or completely tore it down and rebuilt it again.

The new listing includes a home measuring over 9,600 square feet.

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Spanning 1.75 acres with 100 feet of Lake Michigan waterfront, the home’s renovation or construction was completed in 2020 by Scott Lyon & Co. and designed by architect Paul Konstant. It features expansive floor-to-ceiling windows, high ceilings and high-end finishes.

The property has eight full bathrooms, two half bathrooms and is equipped with amenities such as a sports court, golf simulator, home theater and game room. Outdoors, the property includes a guest house, patios, a screened porch, and a heated three-car garage.

— Andrew Terrell