Businessman and TV start Marcus Lemonis paid $4.936 million for the the sprawling French Normandy-style house in 2005. It features five bedrooms, seven baths, a home theater, exercise room, sauna, and spacious wine cellar.
After making a huge splash on the market nearly two years ago when the Morton Salt Estate listed for $8.9 million, the palatial mansion has returned once again, this time asking nearly half of its initial price.
Designed by famed architect Howard Van Doren Shaw, this 1909 home includes seven bedrooms and bathrooms, eight fireplaces, and an awarding-winning garden. Known as the House of Four Winds, the estate has taken a number of price chops in recent years.
Located just steps from downtown Lake Forest's shopping, dining, and the Metra commuter rail stop, the project will see 111 luxury apartment units, 42 condominiums, and 12 single-family homes replace a vacated former public works site.