‘Ego-Driven’ Evanston Mansion Sells for $3.8M

An 8,370-square-foot lakefront home in Evanston that one realtor described as an “ego-driven house,” recently sold for $3.8 million--the home, which includes 75 feet of lakefront, two full kitchens, an outdoor pool, and a coach home with two-bedrooms and its own kitchen and family room, was once listed at $9 million, Chicago Real Estate Daily reported.

James A. Regas, former chairman of Western Springs National Bank, paid $2.1 million in 2005 for the property and built a home in 2008 but it later went into foreclosure; Regas is currently serving a one-year prison sentence after pleading guilty to making false statement on regulator documents to conceal his interest in loans the bank made and later went sour, the website reported.

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