Lakefront mansion in Glencoe torn down after selling for $8.5M

A sprawling waterfront mansion in suburban Glencoe, Illinois has been demolished roughly one year after selling for $8.5 million. The 11,200-square-foot North Shore home, which previously belonged to private equity executive Avy Stein, was designed by architect Howard Holtzman and built in 1992.

The former mansion sported five bedrooms, eight bathrooms, a large pool, putting green, interior basketball court, attached four-car garage, and a private 322-foot-wide Lake Michigan frontage. It first hit the market in 2015 seeking a cool $15 million.

While the identity of the property’s new owner remains unknown, paperwork has been filed with the Village of Glencoe for the home’s replacement. A two-story, $7.85 million structure from Searl Lamaster Howe Architects is planned for the site, according to Bob Goldsborough of the Chicago Tribune.

• Mansion that was Glencoe's highest-price residential sale in 2016 is demolished [Chicago Tribune]
• Once asking $15M, palatial lakefront estate in Glencoe finally sells for $8.5M [Curbed Chicago]
• Massive lakefront mansion asks an wqually massive $15 million [Curbed Chicago]