Most Expensive Home Sold In Winnetka Last Year To Be Demolished

WINNETKA, IL — The most expensive home sold in Winnetka last year is set to be torn down. The Mediterranean-style lakefront mansion at 973 Sheridan Rd. built in 1990 for Ann and Robert Lurie was sold last September to unidentified buyers. The 1.66-acre property includes 100 feet of private beach just north of Tower Road, received a demolition permit on March 5.

In 1997, the home was purchased for $5.5 million by banker Robert Glickman, whose Corus Bank became the largest in the area to be shut down by the FDIC in 2008. He listed the property for $9.75 million in 2012, gradually reducing the asking price over the next five years before it sold for nearly $6.2 million last September.

In this case, the Winnetka Landmark Preservation Commission did not find the home to have any historic or architectural significance. When it does, it can order a study on the historical architectural impact of demolition and issue 60 delay, as it did for the Magie House at 973 Sheridan Rd.

According to a brochure for the 13,606-square-foot house, it included Neopolitan-glazed tiles and a barrel-vaulted wine cellar built by Italian craftsmen and a classic poolside loggia.

"This one-of-a-kind house inspires this generation and those yet to come." it said.

A building permit filed with the village indicates the cost of the home planned for the site could rise above $10 million, according to Crain's Chicago Business. The new construction will be designed by Skokie-based architect Paul Konstant.

Related:

• 5 Years After Listing, Winnetka Home Sale Becomes Town's Priciest
  
• Howard Van Doren Shaw Glencoe Home Nears Demolition Date
• Mystery Buyer Demolishes $8.5 Million Glencoe Mansion
• $10 Million Teardown Awaits Winnetka Demolition Permit

Just up the block, a new construction home built on the site of a 1956 Henry Newhouse-designed home sold for $12 million on April 28.

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