Updated Jan 7, 2025
James Owens Jr. Acquires Historic Aloha Lodge Estate In Lake Geneva For $21.85M
768 South Lake Shore Drive
$21,850,000
$1,092/SF
Building Size
20,000 SF
Asset Type
Single Family
Closing
Jan 6, 2025
About this deal
AI
The property involved in this transaction is a Single Family home located at 768 South Lake Shore Drive, Lake Geneva, WI. The sale price for the asset was $21,850,000, with a total square footage of 20,000, which translates to a price per square foot of $1,093.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $21,850,000
- Address: 768 South Lake Shore Drive
- Market: Lake Geneva, WI
- Square Footage: 20,000
- Price per Square Foot: $1,093
- Buyer: James Owens Jr.
- Seller: Harold Byron Smith
James Owens Jr., who is associated with LSV Asset Management, purchased the property from Harold Byron Smith. This acquisition marked a significant real estate event, as it represented the second-highest price ever paid for a home in Lake Geneva, underscoring the historical value of the Aloha Lodge estate, which was built in 1900 and includes features such as lakefront property and a guest house.
On the Map
$21,850,000
$1,092/SF
Single Family
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Players
Lake Geneva Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $1.1K per square foot on a published $21.9M for 20,000 square feet (2025).
Browse Lake Geneva single family sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.73%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93