Updated Sep 9, 2024
Spanish-Style Mansion In Winnetka Sells For $12.25M From Seller Randy Abrahams And Broker Jena Radnay
445 Sheridan Road Winnetka, Illinois, 60093 United States
$12,250,000
$1,984/SF
Building Size
6,174 SF
Asset Type
Single Family Residence
Closing
Aug 31, 2023
About this deal
AI
A Spanish-style mansion in Winnetka, formerly owned by W. Clement Stone and his wife, Jessie, has sold for $12.25 million. The 10,000-square-foot vintage mansion is located at 445 Sheridan Road and sits on an expansive 2.22-acre lot. This sale marks the second-highest-priced Chicago-area transaction of the year. The property boasts 165 feet of sandy beach, a pool, and a newly constructed two-story cabana house.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $12,250,000
- Address: 445 Sheridan Road
- Market: Winnetka
- Acres: 2.22
Randy Abrahams is the seller of this magnificent property, while Jena Radnay, representing Christie's International Real Estate, served as the broker in the deal. With a total of 6,174 square feet, the mansion offers ample space for luxurious living. The price per square foot stands at $1,984, reflecting the exclusivity and desirability of this estate.
Winnetka Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2K per square foot on a published $12.3M for 6,174 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.29%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93