$3,100,000
$400K PRICE DROP

Estimated payment $18,998/month

Total Views 12,020
8 Beds
6.5 Baths
6,990 Sq Ft
$443 Price per Sq Ft

Highlights

  • Water Views
  • Guest House
  • Gated Community
  • Chelsea Intermediate School Rated A
  • Home fronts a pond
  • 22.66 Acre Lot

About This Home

Welcome to this extraordinary 22-acre multi-use sprawling estate in Frankfort. Offering a rare combination of luxury living, endless potential, and tranquil surroundings-just minutes from shopping, dining, interstate access, and highly rated schools. This luxury listing features 4 structures - the main 2-story single family home, a large detached guest house, a storage building/animal boarding building, plus your very own gymnasium! Privately gated and meticulously designed, the main 9-bedroom, 6.5-bath residence features Brazilian cherry inlay hardwood floors, a luxury chef's kitchen, a first-floor office, and a stunning see-through fireplace in the family room with soaring 24-foot vaulted ceilings and floor-to-ceiling windows showcasing panoramic backyard views of the wildlife and private pond. The main floor includes three bedrooms, while the second floor offers five more, including a spacious primary guest suite with a private sitting area, two large walk-in closets, and deck access via an elevated crosswalk connecting three buildings - plus an adjacent work out room or studio. The finished basement is an entertainer's dream, complete with radiant heated floors, a full guest suite, family room with a dramatic all-stone two-sided fireplace, and a wine cellar. The home features a central vacuum and sound system, an exterior camera monitoring system, and is wired for a commercial grade fire alarm system. The detached guest home offers studio-style/loft living with 1.5 baths, two extra shower stalls, an 18-foot custom built bar, private deck access, and crosswalk views of the serene 3-acre fully stocked pond. An 11,000 sq ft ADA-compliant gymnasium includes sport court flooring for basketball, pickleball, and volleyball, a dance studio, lofted workout space, radiant heated floors, and multiple bathrooms with shower stalls for your guests. The gym has been wired and piped for a full fire protection system allowing for future assembly usage. The sport court flooring is removable, allowing conversion into a custom garage space that can house up to 50 vehicles. Also included is a fourth structure-a cedar-lined luxury dog house featuring heated floors, a camera system, four dog bays, and a separate fenced dog run. Zoned R2 with an approved permit for a PUD (planned unit development), this property presents endless possibilities: a single family estate, a wedding venue, retreat center, ministry headquarters, equestrian estate, seasonal attraction, or potential new home development. A unique opportunity-four subdividable lots are included in this sale and connect to the neighboring community, offering even more value and flexibility. The lots could be developed with the adjacent neighborhood or included with this dream property. This one-of-a-kind property must be seen to be fully appreciated! EM payable via certified funds to Coldwell Banker Real Estate Group. Building breakdown: Home 8,740 sf (9BR/6.5BA), Guest House 1,409 sf (Studio BR/1BA), Gym 11,000 sf (0BR, 3 half BA), Dog House 336 sf (0BR/0BA).

Listing Agent

Brenda Bill

Coldwell Banker Real Estate Group License #475170759 Listed on: 07/22/2025

Coldwell Banker Real Estate Group

Co-Listing Agent

Leah Inman Erickson

Coldwell Banker Commercial Real Estate Group License #475204597

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $31,519

Year Built

  • Built in 1992

Lot Details

  • 22.66 Acre Lot
  • Home fronts a pond
  • Dog Run
  • Paved or Partially Paved Lot
  • Mature Trees
  • Wooded Lot
  • Backs to Trees or Woods

Parking

  • 6 Car Garage
  • Driveway
  • Parking Included in Price

Interior Spaces

  • 6,990 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Beamed Ceilings
  • Vaulted Ceiling
  • Double Sided Fireplace
  • Window Screens
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Formal Dining Room
  • Home Office
  • Recreation Room
  • Water Views

Kitchen

  • Gas Cooktop
  • Dishwasher
  • Granite Countertops
  • Trash Compactor

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 9 Potential Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Dual Sinks
  • Whirlpool Bathtub
  • Double Shower
  • Shower Body Spray

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Sink Near Laundry

Basement

  • Basement Fills Entire Space Under The House
  • Fireplace in Basement
  • Finished Basement Bathroom

Outdoor Features

  • Balcony
  • Deck
  • Patio
  • Fire Pit
  • Pergola
  • Outdoor Storage
  • Breezeway
  • Outdoor Grill

Additional Homes

  • Guest House

Schools

  • Chelsea Elementary School
  • Hickory Creek Middle School
  • Lincoln-Way East High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Well
  • Septic Tank

Community Details

  • Community Lake
  • Gated Community

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$31,519

Year Built

Built in 1992

Lot Details

0

Parking

6

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1992
  • Age: 31-40 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Refrigerator, Washer, Dryer, Trash Compactor, Cooktop, Oven, Gas Cooktop
  • Basement: Finished, Full
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bathrooms: 7
  • Total Bedrooms: 8
  • Below Grade Finished Sq Ft: 1999
  • Fireplace Features: Double Sided
  • Fireplaces: 2
  • Flooring: Hardwood, Carpet
  • Interior Amenities: Vaulted Ceiling(s), 1st Floor Bedroom, In-Law Floorplan, Walk-In Closet(s), Beamed Ceilings, Open Floorplan, Granite Counters, Pantry
  • LivingArea: 6990
  • Possible Use: Horses
  • Room Type: Bedroom 5, Bedroom 6, Bedroom 7, Bedroom 8, Bedroom 9, Recreation Room, Other Room, Office, Foyer
  • Window Features: Screens
  • Estimated Total Finished Sq Ft: 8989
  • Bathroom Amenities: Whirlpool,Double Sink,Full Body Spray Shower,Double Shower
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 1
  • Dining Room: Separate
  • Total Sq Ft: 6990
  • Basement Sq Ft: 1999
  • Fireplace Location: Living Room,Basement
  • Total Sq Ft: 8989
  • Upper Level Sq Ft: 3214
  • Main Level Sq Ft: 3776
  • Flooring: Hardwood

Exterior Features

  • Construction Materials: Cedar
  • ExteriorFeatures: Balcony, Dog Run, Outdoor Grill, Fire Pit, Breezeway, Dock
  • List Price: 3100000
  • Lot Features: Wooded, Mature Trees, Backs to Trees/Woods, Views
  • OtherStructures: Guest House, Dog Kennel, Pergola, See Remarks, Storage
  • Patio And Porch Features: Deck, Patio
  • View: Water
  • Waterfront Features: Pond
  • Waterfront: Yes

Garage/Parking

  • Garage Spaces: 6
  • Parking Features: Asphalt, Garage Door Opener, Garage, On Site, Garage Owned, Attached
  • ParkingTotal: 6

Utilities

  • Sewer: Septic Tank
  • Cooling: Central Air
  • Heating: Natural Gas
  • Laundry Features: Main Level, Gas Dryer Hookup, Electric Dryer Hookup, Sink
  • Water Source: Well

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Lake, Gated, Street Paved
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Chelsea Elementary School
  • High School: Lincoln-Way East High School
  • Middle/Junior School: Hickory Creek Middle School
  • Middle/Junior School District: 157C

Lot Info

  • Lot Size Acres: 22.66
  • Lot Dimensions: 22.66
  • Lot Size: 10+ Acres
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 31519
  • Tax Year: 2024
  • Tax Exemptions: Homeowner

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $31,519 $405,821 $168,836 $236,985
2023 $31,519 $362,437 $150,787 $211,650
2022 $27,507 $330,118 $137,341 $192,777
2021 $25,990 $308,839 $128,488 $180,351
2020 $25,368 $300,135 $124,867 $175,268
2019 $24,574 $292,102 $121,525 $170,577
2018 $24,162 $283,704 $118,031 $165,673
2017 $24,165 $277,082 $115,276 $161,806
2016 $23,627 $292,583 $111,324 $181,259
2015 $9,906 $282,280 $107,404 $174,876
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2025 08/22/25 Price Changed $3,100,000 -11.4% $443 / Sq Ft
07/22/2025 07/22/25 For Sale $3,500,000 +65.9% $501 / Sq Ft
08/20/2021 08/20/21 Sold $2,110,000 -15.4% $302 / Sq Ft
08/08/2021 08/08/21 Pending -- -- --
06/01/2021 06/01/21 For Sale $2,495,000 -- $357 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $2,110,000 Fidelity National Title
Quit Claim Deed -- Attorney
Quit Claim Deed -- None Available
Source: Public Records

Source: Midwest Real Estate Data (MRED)

MLS Number: 12426561

Midwest Real Estate Data (MRED)

APN: 19-09-36-204-042