It’s hard to make the case that a $3.75 million place is a deal. But when you do the math, 660 N. Green Bay Road in Lake Forest — a 10,000-square-foot contemporary home with a Palladian aesthetic, five bedrooms, 5.5 bathrooms, site-specific custom furnishings and a manicured 1.5-acre lot with an outdoor pool — is exactly that. Some of the $7 million construction costs and furnishings that went into it were likely sourced wholesale, as this is the abode that the owner of Lexington Homes (and before that Concord Homes) built for himself in 1990. Plus, the nationally acclaimed Seattle firm Olson Kundig Architects, frequently featured in the New York Times and Architectural Digest rather than in real estate listings, designed it. So mitigating circumstances make the purchase price tantamount to 50 percent off.
“You’re getting the very best of everything and it would cost way more than $7 million to build this now,” says marketing agent Steve McEwan (312-254-0276, Stevemcewen@atproperties.com). The luxury lifestyle mavens at NBC’s LXTV clearly agree, since this impressive pad will be the star feature on the Nov. 11 episode of “Open House,” which highlights the very best on the real estate market.
Luxe life for less
For those with a more limited budget, this North Shore enclave — known for its charming main street and stellar schools — also boasts some well-priced abodes for the area.
• 970 Verda Lane, a 1929 English cottage with 3,680 square feet, four bedrooms and 4.5 baths. It’s located in Deerpath Hills Estates and has a darling year-round garden room and more for $799,000. Contact Baird & Warner broker Dow Molsbee, (847) 373-7133.
• The same agent has a listing at 980 Parkmead Lane, a 3,133-square-foot four-bedroom, four-bathroom Colonial, built in 1979 and situated on a half acre of land in Deerpath Hills Estates for $739,000 (down from $749,000).
• 632 Academy Woods Drive, a 2,754-square-foot four-bedroom, 2.5-bath contemporary with four fireplaces in maintenance-free Academy Woods for $775,000 (down from $800,000). Contact Baird & Warner broker Chris Puszynski, (847) 615-7945.
Midwest Real Estate Data (Mredllc.com), which runs the metropolitan region’s multiple listing service, just introduced Midwest Homes, a free mobile app for smart phones and tablets (both iOS and Androids) that allows mobile consumers to search the MLS for real-time listings. Think of the potential if you happen to be driving through a neighborhood you like. Download in any app store.