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691 Sheridan Rd Winnetka, I...

Winnetka Mansion On Lake Michigan Sells For $12.5M In Highest-Priced Residential Sale Of 2023
SOLDSingle Family Residence

Winnetka Mansion On Lake Michigan Sells For $12.5M In Highest-Priced Residential Sale Of 2023

691 Sheridan Rd Winnetka, Il 60093, Usa

$12,500,000

$1,000/SF

Building Size

12,500 SF

Asset Type

Single Family Residence

Closing

Jul 28, 2023

AI

A renovated mansion on Sheridan Road in Winnetka, Chicago, sold for a staggering $12.5 million, setting a new record for the highest-priced residential sale in the area in 2023. This 12,000-square-foot single-family home sits on a generous 0.8-acre lot and boasts a stunning view of Lake Michigan. The property features five bedrooms, a pool, a hot tub, and a private beach, offering a luxurious and serene retreat for its future owners.

Summary of transaction details

  • Property Type: Single-Family Home
  • Transaction Amount: $12,500,000
  • Address: 691 Sheridan Road, Winnetka, Chicago
  • Market: Winnetka
  • Lot Size: 0.8 acres

Edward Gobbo, from Berkshire Hathaway HomeServices, represented the buyer in this record-breaking transaction. On the other side of the deal, Jena Radnay, from Radnay Properties Christie's International Real Estate, served as the seller's representative, facilitating the successful sale of this exquisite property. Both parties played pivotal roles in ensuring the smooth execution of the transaction, which culminated in the historic purchase of this prestigious estate in Winnetka.

Players

Jena Radnay

At Properties Commercial

Broker

$201.9M

vol

20 deals

Broker

Chicago 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

1.27%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93