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
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