On the Market
The Great Terrace — Glencoe
List Price: $4.2 million
The Property: A new ten-room residence on a quiet block-long street that ends at a Lake Michigan overlook, this house has an overlook of its own: a super-sized third-story terrace with a view over the ranch house next door to the lake.
The view doesn’t show up well in my video, but trust me: this is not a crane-your-neck glimpse of a sliver of blue, but a nice tree-framed view of the water. “It’s luscious,” says Gloria Matlin, the agent selling the house. When the leaves are down—and let’s be honest, that’s half the year—the lake will surely dominate the view.
That view comes with a house—a richly detailed one, from the carved and decorated limestone entry to the abundant millwork framing interior doors. The floor plan is a good mix of the formal and informal. While there is a dark-paneled library and traditional living and dining rooms, they flow easily into the great room area, which combines the kitchen, family room, and breakfast room. On sunny days, both the breakfast room and the handsome twisting staircase are bathed in natural light.
“It’s not a glitzy castle,” Matlin says. “It’s designed to fit right into the neighborhood and be timeless and a family home.” It may not be a castle, but it does have a moat, sort of. The semicircular bay that holds the breakfast room is surrounded by a space that’s been dug out so that light can pour into the basement. A handsome stone wall keeps the “dugout” from looking like, well, a dugout.
The nicely designed kitchen has a big island with a scallop-edged marble top; a backsplash with a slick horizontal tile pattern adds a dash of contemporary styling. There are four bedrooms on the second floor, each with a private bath and tall arched windows that let in a lot of light. The master bedroom has its own, smaller terrace.
Price Points: This is one of 12 homes in Glencoe on the market now at $4 million or more. The highest priced house, on the same block as this one, is an historical home with 240 feet of private Lake Michigan beach. It’s priced at $8.999 million
Listing Agent: Gloria Matlin of Coldwell Banker, 847-835-6058; Gloria.matlin@cbexchange.com
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Reader Comments:
After being rented out for a while, this one went back on the market in November 2010, at $3.75 million. It sold Aug. 15, 2011, for $3.1 million. That's 73 percent of the 2009 asking price.