lake forest

Lake Road, Estate of the Day

Filed under: Estates

Today's estate is a David Adler home in Lake Forest, Illinois. The six-bedroom home dates back to 1917 and reflects his love of Italian style. The home on Lake Michigan includes grand lakefront gardens. Inside, details include elaborate plasterwork, wood paneling and columns. The overall effect is one of expansive graciousness that reflects a long-gone era. This home is listed at $8.65 million.

Gallery: Lake Road

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Bill Wrigley Jr.'s Big Sell Off In Illinois, Estates of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

Usually when we are looking at raw space for a tremendous price it's a New York City apartment but in Chicago a massive penthouse just went on sale for $14 million making it the most expensive home on the market in the area. It is being sold by Bill Wrigley, Jr., the current chairman and former CEO of the Wm. Wrigley Jr. Company.

The space is over 11,000 square feet with two terraces (1,500 spare feet each) and six garage spaces. The penthouse is three units combined into one on the eighth floor of a limestone building at 65 E. Goethe St. It opens to all four exposures and has lake views. It comes with the architectural plans which Wrigley had commissioned. It is listed with Baird & Warner.

Gallery: Bill Wrigley Jr. In Chicago

The Chicago Tribune's Elite Street column also reports that Wrigley's beautiful home in Lake Forest, Illinois is also on the market. It was on the market for $16 million in a pocket listing previously but is now listed for $14.5 million with Ned Skae of Coldwell Banker. The seven-bedroom home was built in 1912 and designed by architect Howard Van Doren Shaw. Wrigley Jr. bought the home in 2003 for $9.9 million and it has been renovated and restored for gracious family living. The 3.1 acre property with lake views includes a pool and a terrace.

Where is Bill Wrigley Jr. headed? Crack real estate sleuth Bob Goldsborough found that Wrigley paid $11 million in April for a home in North Palm Beach, Florida and paid $11.53 million in May for property in Aspen, Colorado. Just last year Mars bought the Wm. Wrigley Jr. Company in a transaction valued at $23 billion.

Given that both homes are of similar cost which would you choose if you had the money, the promise of a raw Chicago penthouse or the finished elegance of the Lake Forest mansion?

Gallery: Bill Wrigley Jr. in Lake Forest

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The Schweppe Estate, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

One of the grandest estates in the Midwest has hit the market. Built in 1917, the Schweppe Estate in Lake Forest, Illinois was a wedding gift from Marshall Field and Company president John G. Shedd to his daughter Laura. It was famous for parties and on one occasion, Lake Forest society entertained the heirs to the crown of Sweden and the Duke and Duchess of Windsor. The home has 11 bedrooms and was vacant for 40 years but was restored in the 1980s by over 70 craftsmen who tended to the marble fireplaces, wood paneled library and the plaster relief ceilings and limestone moldings. It is listed at $18 million.

Experience more lush living in luxury homes and mansions or see the stars living large with celebrity homes galleries at AOL Real Estate.

Gallery: The Schweppe Estate

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Tags: illinois, lake forest, LakeForest, schweppe

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David Adler Villa, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

This gorgeous Italian-style villa in Lake Forest, Illinois is one of David Adler's historic designs. The home was built in 1917 and showcases Adler's love of European style. It is on the lake and has details like a 50-foot gallery with Tuscan columns and a 15-foot high ceiling. Other details include vaulted ceilings, hardwood floors, wood panelling, and massive exterior stone staircases leading down to the lakefront lawn. It is listed at $15.95 million. After the jump, Italy in the Midwest.

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Tags: david adler, estate of the day, illinois, lake forest, LakeForest, real estate

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Jennifer and Vince Buy Home in Chicago

by Nicole Weston (RSS feed) —

Filed under: Estates, Celebrity Shopping

Jennifer Aniston has finally bought a house in a Chicago suburb with her sweetheart, Vince Vaughn. According to the Mirror, the 7.5-acre property features a 9 bedroom, 13 bathroom home, with "a garage that accommodates six cars and a huge double-height, wood-beamed hall where they can entertain their friends." It is in or near the upscale suburb where Vaughn grew up - most likely Lake Forest, Illinois - and the couple hopes to maintain a low profile in the quiet neighborhood. The papers were signed last week and the estate is reported to have cost $11.9 million

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Tags: 11.9 million, 12 million, celebrities, celebrity, chicago, estate, home, jennifer aniston, lake forest, mansion, suburb, vince vaughn, VinceVaughn