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445 Sheridan Road Winnetka,...

Spanish-Style Mansion In Winnetka Sells For $12.25M From Seller Randy Abrahams And Broker Jena Radnay
SOLDSingle Family Residence

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

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.

Players

Jena Radnay

At Properties Commercial

Broker

$201.9M

vol

20 deals

Broker

Winnetka Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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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