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Chicago-Area Mansion Hits Market for $15 Million

The 8.94-acre property is the second most-expensive completed home listed in the area

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A lakefront mansion in Lake Forest, Illinois, hit the market on Monday, asking $15 million.

Built in 1900, the 13,000-square-foot mansion, called Wyldwoode, stands on a massive 8.94-acre lot.

Architect Harrie T. Lindeberg designed the home for steel tycoon Clyde Carr, incorporating a Y-shaped design for panoramic lake views throughout the property, according to the listing. Lake Forest is located on the North Shore of Chicago and borders Lake Michigan.

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The eight-bedroom, six-bath estate offers an oval office with views of the lake on the second floor, a "high-frontier bar" on the third floor, and 12 fireplaces throughout—just numerous enough to withstand a Chicago winter.

According to various listing sites, this Lake Forest mansion is the second most expensive completed home on the market in the greater Chicago area, behind a $50 million mansion in Lincoln Park. (A few mansions and condos that are still undergoing construction are listed for more than the Lake Forest property.)

The owners, Barbara and Barry Carroll, have owned the Mayflower Road property since 1989, according to PropertyShark. The Carrolls could not be reached for comment.

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The broker for the property, Houda Chedid of Coldwell Banker, explained that Mr. and Mrs. Carroll, entrepreneurs, had reached a stage in their life—with children and grandchildren—that it made sense for them to sell.

Mr. and Mrs. Carroll are just the fourth owners of the home and, according to Ms. Chedid, they kept all original features intact. Prior to the Carrolls’ purchase of the home in 1989, it was "restored with incredible quality" by the previous owner, Ms. Chedid said.

According to the listing, "the dining room features a barrel plaster ceiling, while the living room has an exquisite marble oxblood mantel fireplace."

"The home is something really spectacular you just don’t see nowadays," Ms. Chedid said. The bronze metal front door contains intricate symbols designed by Oscar Bach, a German-born craftsman in the field of decorative metalwork.

Crain’s Chicago Business first reported the sale.