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.