Selling below cost in Winnetka at $28 million?

Winnetka, Illinois

Le Grand Reve, a 27,000 square foot Winnetka manse has been on the market for months with no takers at an asking price of $28,000,000.

A source (who may not know the facts) told me yesterday that the home had cost $35 million to build. The same source told me that the home did not, as I'd been told by a workman while it was under construction several years ago, belong to Winnetka native Liz Phair.

Will the seller realize his current dream of reaping $28M?

The address of the property is not listed in the MLS, but if you're curious you can gaze beyond the gates on the west side of Locust Rd, just south of Hill Rd.

Leave a comment