Pabst Mansion Gets Hammered In Glencoe

November 03, 2009

pabstmansiongateOwned by the software entrepreneur Marc Ewing, creator of Red Hat Inc. and Linux distributor last week sold his 26 room Sheridan Road Pabst mansion in Glencoe for just three-quarters of the price that they had paid for the gated estate just nine years earlier. According to Deal Estate blog writer Denis Rodkin of Chicago Magazine, the 2.5 acre lakefront home sold for just $5.2 million and was listed for $7.95 million.

The mansion was built in 1936 and was intended for Pabst Blue Ribbon Brewing President Harris Perlstein. Its history also says that it was visited by the late President Franklin D. Roosevelt and Israeli Prime Minister David Ben Gurion.

According to Deal Estate, Ewing had the mansion on the market many times over the past half dozen years peaking at $14 million, in 2003.  The sale closed on October 26th with listing agent Sharon Friedman of Coldwell Banker; the buyers are not yet identified in public records.

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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.

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