What Does $32 Million Buy You in Winnetka?

By
Real Estate Agent with Baird & Warner Real Estate
https://activerain.com/droplet/jDC
What Does $32 Million Buy You in Winnetka?


You could buy 53 $600,000 homes.  Or you could get 32 $1,000,000 dollar homes.

Or you could get it all in one fell s-w-o-o-p by purchasing 68 Locust Road Winnetka Home For Salefor $32,000,000.  But what's in a number anyway?

This number may make sense to the sellers, they surely have a sizable investment in this home.  But I would venture to say with certainty that it will sell for considerably less when it is finally auctioned in October.  

"Le Grand Reve" (The Grand Dream) as it is called was open by invitation last night for brokers, guests and potential buyers.  The open house was hosted by Concierge Auctions who will be auctioning the house at the end of October.  Guests were greeted with trays of wine, champagne or spritzer and allowed to tour the house on their own.  

The house was originally listed for $28,000,000 in January of 2010 and was later reduced to $23,000,000.  It came back on the market this month at $32,000,000 but this time with all the furnishings, antiques and artwork included.  This is a stunning home - 27,000 square feet of ultimate luxury.   The entryway is elegant and reminiscent of a French chateau after which it was designed.  Beautiful detailing, large rooms, magnificent wide-plank wood floors, two kitchens, a really spacious movie theater, 9-car garage,  and temperature-controlled wine room.  The grounds are almost two acres of meticulous landscaping, swimming pool, pergola, and numerous stone patios.

Winnetka Home For SaleFurnishings, antiques and artwork are another matter.  My interior designer mother-in-law was my guest.  No need to spill what she said, suffice to say that these items will not make the sale of this house any easier.  I was disappointed to see a reproduction copy of Renoir's "Ball au Moulon de la Galette, Montmarte" hanging in one of the main rooms.  The rest of the art was contemporary and since I'm a dolt on that subject, I can't say much.

What's in a number?  Not enough to ask this much for a house without a private beach on Lake Michigan.  The highest recent sale was 523 Hoyt, a new construction home with a 112' private beach which sold for $6,621,300 in 2009.

For more information and to see photos of this home, please see Winnekta Home for Sale

Posted by

Margaret Goss - Winnetka and North Shore Real Estate Broker
Specializing in homes for sale in Winnetka, Wilmette, Kenilworth, Northfield, Glencoe, Glenview, Northbrook, and Evanston.

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Rainer
485,769
Larry O'Sullivan
Sandy, UT

Margaret - are they accepting offers? Then again, it might be just a bit beyond me at the moment

Sep 15, 2011 12:18 PM #1
Rainmaker
1,086,089
Margaret Goss
Baird & Warner Real Estate - Winnetka, IL
Chicago's North Shore & Winnetka Real Estate

Larry - perhaps beyond most of us at the moment!

 

Sep 15, 2011 12:39 PM #2
Rainer
494,722
Lynn911.com ~ Dallas Real Estate Agent Top Team
Dallas Houses for Rent Dallas Apartment Rentals Lynn911.com - Dallas, TX

Margaret I LOVE HOW YOU THINK that is a great blog post ;p Enjoy your weekend

dallas homes for rent by owner dallas houses for rent by owner lynn911.com

Sep 16, 2011 11:01 AM #3
Rainmaker
1,079,379
Sharon Alters
Coldwell Banker Vanguard Realty - 904-673-2308 - Fleming Island, FL
Realtor - Homes for Sale Fleming Island FL

Margaret, I second Lynn's comment - I LOVE the way you think! What a clever introduction to a very interesting blog post!

Sharon

Sep 16, 2011 01:41 PM #4
Rainer
92,254
Deb McNeill
Flying M Team Small World Realty Fort Worth, Tx - Fort Worth, TX
Fort Worth Real Estate

Yeah...I agree. I must have geniune Renoir paintings and a beach. It's not just me without either.

I wonder what the utilities run on a place like that. :)

Sep 19, 2011 03:20 AM #5
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Rainmaker
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Margaret Goss

Chicago's North Shore & Winnetka Real Estate
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