An historic 20,000-square-foot estate on the shore of Lake Michigan is now on the market for $35 million, marking it as the most expensive property currently for sale in Illinois. Located in the prestigious suburb of Winnetka, this mansion has captured the attention of luxury real estate buyers across the region.
Built during the roaring 1920s, the property has been owned by financier Muneer Satter and his wife, Kristen Hertel, since they purchased it for $9.5 million back in 2002, according to the Wall Street Journal. Its prime location provides stunning lakefront views, which are considered one of its major selling points.
Jena Radnay from @properties Christie’s International Real Estate, the listing agent, describes the mansion as “an iconic lakefront property” and emphasizes its “spectacular” features, including expansive sandy beaches and state-of-the-art amenities. The estate includes 223 feet of private beach and boasts conveniences like his-and-her changing rooms at the boathouse available for potential buyers.
During the Satter family’s two-decade ownership, they invested around $35 million to renovate and expand the property, updating its interior and landscaping significantly. The mansion, set on 2.3 acres, has become more than just a luxurious abode; it also serves as the family’s summer retreat.
The French Normandy-style mansion features seven extravagant bedrooms along with extensive additional living spaces like offices and multiple libraries. Among the highlights are staterooms, breathtaking stained-glass windows dating back to the 1920s, and various original details like parquet flooring and intricately decorated ceilings.
The couple decided to sell due to their desire to downsize, as most of their five daughters have moved away. Selling this vast estate allows them to transition to life after their children have grown up, acknowledging the changes to their family dynamic over the years.
Additional features of the estate include manicured gardens, botanical displays, and even infrastructure for ten vehicles with heated motor courts. Outside, the property is adorned with a custom Lannon stone fountain and beautifully manicured hedges, enhancing its charm and appeal.
The rhythms of life at the manor have certainly blended the old with the new, maintaining its historical aura. Originally built for Henry Haven Windsor Jr., the publisher of Popular Mechanics, the location has rebounded over the years, showcasing the glory of its rich history.
Other notable features include expansive renovations throughout the estate, including modernized kitchens and luxurious bathroom suites. The owners referred to the original construction, which was made from the finest materials available at the time, as central to retaining the value of the home.
From the unique architectural style to the sumptuous outdoor amenities, this mansion has captured the essence of classic elegance by the lake. For those inclined toward marine activities, the estate's proximity to Lake Michigan opens doors to boating, swimming, and other pleasurable pursuits.
For potential homeowners or investors, the prospect of owning such opulence is undoubtedly attractive, especially considering its waterfront luxury and historical significance. Listing details also include options for other luxurious features, potentially appealing to affluent buyers interested in high-end living.
Meanwhile, another compelling listing is surfacing from the shores of Wisconsin, where a renovated lake home dating back to 1915 has hit the market for $996,000. Previously part of lumber baron Frank Stout's estate, this sturdy cottage has seen extensive renovations and is also aimed at buyers who seek serene lakeside living.
Michael Klutho, the current owner, has invested approximately $600,000 over the years, transforming the five-bedroom home from its original neglected state. Complete with charming lakeside views, the estate offers 200 feet of shoreline on Red Cedar Lake, enhancing its appeal for vacationers and default buyers alike.
Desiring to cash in on his investment, Klutho is selling the home and includes additional features like furniture, dock, and pre-existing bookings for future rentals. Known for being both relaxing and beautiful, the property draws attention from vacationers eager for short escapes from urban stress.
The original construction employed the finest lumber available, providing charm and historical value to the compound. Although the property has undergone significant restoration under Klutho's direction, many period features remain, linking its modern style to the past.
This cottage not only offers quality rental potential but also stunning features like heated flooring and airy living spaces. Buyers who pursue this option will enjoy access to lakeside activities as well as local connectivity for recreational purposes.
Such properties are becoming popular for their ability to mesh leisure with elegance, appealing to those craving peaceful retreats. Homeowners find additional investment value through continued appeal to guests seeking picturesque nature escapes.
The sway of luxury homes along natural coastlines is growing, offering couples, families, and retirees chances for combining comfort with livability. The market for waterfront properties continues to flourish, with renewals of old homes leading to new life for successful investments.
Whether it's the sprawling estate on Lake Michigan or the quaint cottage by the Red Cedar Lake, each property showcases unique attributes made for high-quality living. With proper investment and care, these luxurious listings prove to be worthwhile endeavors for anyone interested.
Both remain tantalizing options for prospective buyers, providing not just homes, but lifestyle choices rich with history and activity. The historic properties represent the intersection of luxury real estate and charming lakefront life, capturing the imagination of potential homeowners.
Living by the water evokes feelings of tranquility, and these homes offer environments fostering relaxation and rejuvenation. For buyers seeking both beauty and comfort, investing here represents the possibility of achieving serene living, coupled with the vibrancy of community and leisure activities.
Conclusively, prospective homeowners or investors can look forward to the unique structures surrounded by natural beauty, as these properties signify both luxury and historical architectural integrity. Anyone with aspirations of residing steeped in historical grandeur by the lakeshore will find both available listings enlightening and enchanting.
