Price drop on Fort Sheridan condo

Fort Sheridan condo, Highwood, Illinois

There was tremendous interest on the part of both developers and buyers when a part of Fort Sheridan was decommissioned and converted to residential use.

There was also intense competition on the part of neighboring towns to incorporate part of the fort into their boundaries. Highwood added a southern portion and the balance became part of Highland Park.

There's currently a lively debate over whether Highland Park should build a 9-hole public golf course on some of the open space at Fort Sheridan.

All of the attention focused on the proposed golf course doesn't seem to have heightened buyer interest in Fort Sheridan, where a number of properties have lingered on the market and experienced repeated price cuts.

A single-story condo, built around a private courtyard, has been on the market for nearly 9 months. Originally listed for $829,000, the 3,120 square foot, 3-bedroom, 2 ½ bath home, in Highwood, was reduced to $659,000 earlier this month.

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