A luxurious Chicago-area lakefront property has sold for $11.25 million, seven years after it was initially listed.
The Lake Bluff, Illinois, mansion sits on 26.62 acres with 9,990 square feet, six bedrooms and eight bathrooms. It hit the market in 2018, going on and off, with teetering listing prices between $13.9 million and $22.9 million over those years.
The most recent asking price was $15.9 million, making the sale that closed Tuesday a discount of about 29%, Homes.com shows. Listing agent Andra O’Neill of @properties Christie's International Real Estate declined to comment.
The property had just one owner, according to the listing description. Public records show those owners were James and Lisa Zenni. James Zenni is the CEO and founder of investment firm ZCG.
Other features of the home include a polo field and equestrian stables. The property also consists of 700 feet of private Lake Michigan beach access, a tennis court, a vineyard and a pool.
Public records do not yet show the buyer.
The transaction marks another luxury sale in what’s been a year of record-setting deals for the Chicago-area market.
The home at 700 Crab Tree Farm Lane is the eighth sale this year to close for above $10 million and ranks as the sixth priciest single-family sale of 2025, according to Homes.com data. It’s also the priciest home sale this year in Lake Bluff, which is about 34 miles north of Chicago.
Just one month prior, the market saw its highest-priced home sale ever: a $34.5 million transaction for a 2017-built Winnetka lakefront home. That off-market deal, independently confirmed by Homes.com, broke the record set in August when another lakefront Winnetka home closed for $31.25 million.
The second-priciest sale in Lake Bluff this year was for a 1979-built property at 575 Lakeland Drive, which closed for $4.6 million after initially asking $5.9 million, according to Homes.com.
Homes.com data shows the median single-family sale price in Lake Bluff is $749,000.
There has been other recent movement for luxury Chicago-area properties sitting on the market: a Kenilworth home first listed publicly in 2022 for $14 million closed in September for $6.8 million. That estate is now being replaced with two proposed new builds. Another 22,000-square-foot property in Barrington relisted in November for $6.5 million, almost two decades after it was put up for sale, initially at $17 million.