Updated Sep 5, 2024
Lake Geneva Mansion Sells For $14M In Off-Market Deal
Lake Geneva
$14,000,000
$1,609/SF
Building Size
8,700 SF
Asset Type
Single Family Residence
Closing
Jul 25, 2023
About this deal
AI
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.
On the Map
$14,000,000
$1,609/SF
Single Family Residence
View full map
Lake Geneva Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Deal FAQ
About $1.6K per square foot on a published $14M for 8,700 square feet (2023).
Visit David Curry to view all their deals.
Browse Wisconsin single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93