Jun
25

This North Shore Mansion Is Chicago Real Estate Reverie

June 25, 2009

winnetkamansionLe Grand Reve, or ‘the Big Dream’ is a north shore home now privately on the market for an astonishing $32 million.  West of Winnetka, Chicagoland home buyers have a chance to buy one of the priciest homes on the market nationwide.  According to Dennis Rodkin of the Chicagomag.com’s Deal Estate, the approximately 17,000 square foot French chateau sits on 2 acres in unincorporated Cook County and is for sale.

Completed sometime in 2005 (estimated), the owners Sherwin and Deborah Jarol built this Landry Design Group designed Mansion for their family.  Now that the kids have moved out (presumably to college), the empty-nesters apparently have decided to downsize from their practically new ‘single family’ home.  It’s virtually a guarantee that the next Chicago home they purchase will be a step down, should they get their asking price.

Similar to William Wrigley Jr’s mansion in Lake Forest, it won’t be listed on the MLS and will be marketed as a private listing.  Sudler Sotheby is handling the sale and if you happen to drive by chances are that their won’t be an open house this coming or any future Sunday afternoon.

As Mr. Rodkin investigated details in his recent post, the sellers and listing agent weren’t forthcoming with much information regarding the property other than indicating it was constructed with the finest details and materials from around the world.  We hope that this would be the case because if you plan on buying this place with 20% down, your mortgage payments would top $160,000 a month.  Add in the real estate taxes and you might need to win the mega millions jackpot every year until you decide to down-size too.

About The Author

Read All Stories By Mitch Levinson

Mitch Levinson is the author of “Internet Marketing: The Key to Increased New Home Sales” published by BuilderBooks. He is an Internet marketing expert with expertise in search engine optimization, website development, email marketing, social media and CRM consulting services. He is known for creating effective programs that can be tracked through analytics to prove effectiveness and ROI. Mitch is founder and president of MLC New Home Marketing and MLC FlatFee Realty, as well as managing partner of mRELEVANCE, LLC, a Marketing, Communication, Interactive agency with offices in Chicago and Atlanta. He currently leads the Chicago team. A Multi-Million Dollar Sales Producer who earned an MBA in Computer Information Systems and eCommerce, he brings a unique perspective and experience to the field of real estate communications. Mitch combines the two interests in order to help home builders and developers gain a competitive advantage through the Internet and technology. When he isn’t behind a computer, he enjoys participating in sports and coaching his kids’ teams. Mitch resides in Arlington Heights, Ill., a northwest suburb of Chicago, with his family, which includes two rambunctious labs. Visit my Google+ profile.

3 Comments

1

Sounds like an affordable mortgage. Been by the home a couple of times and was always intrigued. What is the latest with Le Grand Reve? Did they find a buyer?

2

[...] is a Chicago area home for sale with an asking price of $23 million, and that’s after a $5-million price [...]

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