Typically, patrons’ contingency is that they should get their current house offered. The deal will also be contingent on inspections, financing or different particulars. In different phrases, there’s a probability that this contract doesn’t finally result in a closed sale.
Ann Lyon, the @properties Christie’s Worldwide Actual Property agent representing the property, didn’t reply to a request for remark. Lyon had the home on a personal agents-only community for a number of months earlier than the itemizing went public final week.
Hughes died in September 2019, lower than two years after she paid $12 million for the property.
Hughes’ husband, John Hughes, was the inventive pressure behind “Sixteen Candles,” “Ferris Bueller’s Day Off,” “Residence Alone,” “Planes, Trains and Vehicles” and a number of other different traditional movies from the Eighties and Nineteen Nineties. John Hughes died in 2009, after 39 years of marriage to Nancy Hughes.
The mansion, inbuilt 2009, is about 11,800 sq. ft with a fieldstone and wooden exterior and a columned entrance porch. Triple roof peaks full the New England-inspired look.
Inside are giant formal rooms, a second-floor billiards room with a balcony dealing with Lake Michigan and an elevator. Behind the home lie an outside pool and a pool home, and a four-passenger tram down the bluff to the personal seashore, in response to Lyons’ itemizing.
If the property sells for one thing near its asking value, it can set a file in Lake Forest. The subsequent-highest value can be the $12 million Hughes paid for this identical property.
The short contract for the Hughes property is yet one more signal of the excessive demand for houses on the excessive higher finish of the Chicago-area housing market. Up to now this yr, six properties in Chicago and the suburbs have offered for $10 million or extra, surpassing all different full-year tallies besides 2018, when there have been eight gross sales. And there are nonetheless 4 months remaining in 2022.
The Hughes house’s fast motion is in distinction to a different high-end house on the water in Lake Forest. That property hit the market in 2019 at $12 million and remains to be on the market, now priced at $12.5 million. Lyon represents that mansion, too.