A lakeside property previously owned by the Wrigley family in Linn, Wisconsin, has sold for $11.25 million, according to Keefe Real Estate.
Although the 11,000-square-foot house sold for $1.25 million less than its asking price, it still marks the highest sale of a single-family home to date in the Lake Geneva area, according to data from Redfin. It was on the market since June 2016.
The nearly 20-acre property was originally part of a larger estate owned by the Wrigleys, the Chicago-based family who lent their name to their famous gum brand and the Chicago Cubs’ stadium. The property comes with a covenant by the Wrigleys that it cannot be divided further into smaller parcels.
The house that beer built has sold for a bargain. Cheers, Pabst Mansion 🍻 💸 https://t.co/ONCb2HftAl pic.twitter.com/ykHJa7003u
— Mansion Global (@MansionGlobal) November 12, 2017
The seller, a businessman from Chicago,and his first wife bought the property from the Wrigleys in 1981, according to Jay Hicks of Keefe Real Estate, a listing agent for the house. The couple tore down the original structure and had the current five-bedroom, nine-bathroom main house built from scratch. The property contains a few of the original features, such as a gate house and carriage house. The owner didn’t immediately return a request for comment.
The main house includes features such as a vaulted ceiling, a fireplace and an outdoor patio. What really distinguishes the house, Mr. Hicks said, is that the lake can be seen from almost all of the rooms on the main floor. "The views are just spectacular," he said.
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The estate, which is called "Hillcroft," a name courtesy of the Wrigleys, contains 415 feet of the lake’s shore and a private dock. The grounds also feature an attached garage and sprinkler system.
Lake Geneva is a popular Midwestern location for second homes because of the quality of its water and its location, Mr. Hicks said. The spring-fed lake is noted for being particularly clean and clear.
Located near the border of Wisconsin and Illinois, the lake is only an hour from Milwaukee and an 90 minutes from Chicago.