A few months ago, a tipster noticed that this enormous 10,500-square-foot home in Lake Forest had gone under contract. Fast-forward three months, and the buyers have finally closed on the home, at a fraction of its original list price. The mansion hit the market in June 2009 for $8.59 million, and it had been reduced to $6.9 million when it went under contract in February. This week, the sale closed for $5.5 million. Check our previous post for some background info on the home and a video tour.
· 10,000-Square-Foot Lake Forest Mansion Goes Under Contract [Curbed Chicago]