Eighties pop star and songwriter Richard Marx relisted his nearly 30,000-square-foot mansion north of Chicago for $11.3 million on Wednesday.
Mr. Marx bought the historic, Georgian-style home with his ex-wife for $4.7 million in 1997, according to property records—the year he released his album "Flesh and Bone" and two years before composing and producing the hit "This I Promise You" for 'NSync.
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The home has taken a nearly 40% price cut since it first went on the market in 2014 for $18 million, according to listing records. Still, it’s currently the most expensive home listed for sale in the posh Chicago suburb of Lake Bluff, according to listing site Zillow.
The nine-bedroom, 14-bathroom estate has a historic pedigree that predates Mr. Marx. Noted architect David Adler, whose homes dot Lake Bluff, designed the grand manor in 1931. The house first belonged to Lester Armour, heir to a Chicago meatpacking fortune, according to a Lake Bluff historic resource survey.
Another historic Adler home in the neighborhood recently sold for $3.2 million.
Not surprisingly, Mr. Marx, who has written hit ballads like "Right Here Waiting," created an 8,000-square-foot music studio within the home. The studio has a full kitchen and two bedrooms, according to the listing with Jean Anderson of Berkshire Hathaway's KoenigRubloff Realty Group.
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A large, landscaped fountain sits at the front of the vine-covered brick home. Inside, expansive living spaces were designed for entertaining, including a chef’s kitchen, a home theater and a large backyard with a fire pit and a private beach, according to the listing, which the Chicago Tribune first reported.
The interiors have retained many Georgian details, such as 19 fireplaces, archways, detailed crown moulding and a sweeping center staircase, according to photos of the property.
A rep for Mr. Marx did not immediately return a request for comment.