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Le Grand Reve – Chicago’s Most Expensive Home to Hit the Auction Block

Le Grand Reve, a French-inspired chateau located at 68 Locust Road in Winnetka, IL  is about to hit the auction block. The lavish 26-room, 27,000 square foot mega mansion was being quitely shopped around back in July of 2009 with an asking price of $32 million, making it the most expensive listing in the Chicago area. It was then officially put on the market in early 2010 for $28 million. Well, with no buyers in sight, it is now heading to the auction block next month.

Le Grand Reve: Chicago’s most expensive home

Le Grand Reve, which means The Big Dream was designed by Landry Design Group. Constructed in the last few years and completed in 2008, the two-story limestone mansion sits on 2.04 acres. This six-bedroom, chateau-style mansion is owned by commercial real estate executive Sherwin Jarol and his wife, Deborah.

Features in the mansion include six full baths, four half baths and a grand entrance with a two-story rotunda and Tiffany dome. The property also includes powder and gift wrapping room, spa, home theater room, swimming pool, apart from the 6 bedrooms and 8 bathrooms meant exclusively for owner’s use. There is also a 10-car garage space for vehicle parking.

Le Grande Reve mansion reportedly cost $40 million to decorate and furnish, but instead of selling at a profit, it has diminished in value of listed price, and according to some real estate agents, the actual listing price could go down to $23 million!

Concierge Auctions is putting the house on the auction block Oct. 29.


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Written by Slamchica

Aleksandra Arsenovic graduated with a degree in economics and has a master degree in tourism. Since she worked as a travel agent, she has traveled around the world and developed an interest in luxurious hotels and exotic destinations. As a big fashion fan, Aleksandra loves expensive and luxury fashion items. As an editor of Extravaganzi she shares her knowledge about travels, fashion and accessories.

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