Chicago Magazine's Dennis Rodkin recently reported on the sale of four multi-million lakefront properties, one each in Evanston, Wilmette, Winnetka and Glencoe.
Rodkin's report prompted me to revisit a video I shot in May of 2010 with Maureen Mohling, one of the grandes dames of Winnetka real estate. I asked Maureen to chat about what it takes to buy lakefront property.
Shortly after we talked about the scarcity of lakefront property on the North Shore an unusually large number of lakefront properties came on the market.
Our discussion of the variability of lakefront property was fairly superficial, but anyone considering a purchase needs to make a careful investigation. Beachfront, for example, can be a misnomer – unless you consider an 8-foot by 50-foot expanse of grapefruit sized rock at the base of a steep bluff to be a beach.
Filed under: Real Estate