“People understand the value of the North Shore more than anything.” — JENA RADNAY
In Lake Forest, a stately Georgian Revival home on 3.25 acres sold for $5 million earlier this year after receiving multiple offers. Designed in 1926 by prolific architect Edwin Hill Clark, the 9,743-square-foot property was featured in scenes of the Academy Award-winning movie Ordinary People. “It has an interesting history and was incredibly well-built,” listing agent Eve Bremen of @properties says, adding that a property of this caliber simply can’t be replicated today. Beyond the home’s architectural pedigree, buyers were drawn to its bright living spaces and amenities like a tennis court and newer swimming pool. And while some buyers in this segment gravitate towards homes with history, others seek a different kind of luxury lifestyle. In Northfield, Radnay represented the buyer of a 3.7-acre equestrian estate with a 7,000-square-foot, five-bedroom farmhouse. Built in 2019, the property features an organic garden, two gated pastures, and a three-stall horse barn. The $5 million sale closed in March. Meanwhile, in Highland Park, a 6,000-square- foot renovated home with a private sandy beach is available for $4.699 million. Listed by Geri Katz Emalfarb of @properties’ Highland Park office, the property has a new tram down to the lakefront and a 3,000-square-foot lower level outfitted with a sauna, theater, and wine cellar.
NAVIGATING the $5 MILLION MARKET
Like any price point, the $5 million market demands a strategic approach for buyers and sellers alike. “If you’re even remotely thinking about selling, it’s best to be proactive,” Radnay advises, noting that a great agent can often bring an offer to the table before a home officially hits the market – especially in a low- inventory environment. “You never know where the buyer will come from.” For buyers, she says flexibility is key. “Keep an open mind when it comes to the age of the property, architectural styles and locations. There isn’t an endless supply of homes in this price range, and what you set out to buy might not be what you end up buying. It happens all the time.”
56 // ASPIRE ON THE SHORE
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