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Lake Forest Mansion Reduced $3.25M in Less Than 3 Years

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If at first it doesn't sell, chop, chop the price. That seems to be the seller's thinking at this French provincial-style mansion in Lake Forest. The newer, 8,800-square-foot home sits on a 2.2-acre property with lots of mature trees, limestone patios, and a pool. According to Blockshopper, Adam and Wanda Grabowski, the owners of IG Construction, built the 7BD, 10BA home in 2006. Two years later, they put it on the market for $8.49 million. Since then, they've regularly hacked away at the price, but it's still on the market, now priced at $5.24 million. Will the price plunge end here?
· Listing: 1955 Telegraph Rd., Lake Forest [Sotheby's]