A Lake Geneva mansion located on Loramoor Drive has been recently sold for $14 million, making it the highest-priced home transaction in the Chicago area this year. This impressive property spans across 1.4 acres and features a spacious 8,700 square feet of living space. Situated in the sought-after Lake Geneva market, this single-family home offers luxurious amenities and stunning waterfront views.

Summary of transaction details:

• Property Type: Single Family Residence (SFR)
• Sale Price: $14,000,000
• Total Square Footage: 8,700 SF
• Price per Square Foot: $1,609
• Address: Loramoor Drive, Lake Geneva
• Market: Lake Geneva
• Acres: 1.4

In this off-market deal, buyers were willing to pay the full asking price, which is a rarity in the waterfront home market near Chicago's North Shore and downtown. The successful transaction was facilitated by David Curry, a representative from Geneva Lakefront Realty, who acted as the broker in this sale. This significant sale showcases the desirability and value of Lake Geneva's luxury real estate.