Updated Mar 4, 2026
Karl Smolov Of Lux Builders Sells 219 Lincoln Drive In Glencoe For $7.25M
219 Lincoln Drive
$7,250,000
$570/SF
Building Size
12,709 SF
Asset Type
Single Family
Closing
Mar 2, 2026
About this deal
AI
A newly built single-family mansion located at 219 Lincoln Drive in Glencoe spans 12,709 square feet and sits on 0.76 acres. The property sold for $7,250,000, with a price per square foot of $570. This sale represents a record for a non-lakefront home in the North Shore suburb.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $7,250,000
- Address: 219 Lincoln Drive
- Market: Glencoe
- Asset Size: 12,709 SF
- Price per Square Foot: $570
- Seller: Karl Smolov - Lux Builders
- Buyer's Representative: Megan Leadbetter - Coldwell Banker
- Seller's Representative: Connie Dornan - Christie's International Real Estate
This transaction highlights key players in the luxury real estate market, notably developer Karl Smolov, who confirmed the sale's significance in the region. The property was originally listed at $8.3 million and eventually sold approximately $1 million below the peak asking price, indicating robust demand for luxury properties ready for occupancy.
Players
Glencoe Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $570 per square foot on a published $7.3M for 12,709 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.19%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93