March 27, 2017 by Billionaire Addresses
The former home of 80’s soft rock icon Richard Marx is still “Right Here Waiting” for a buyer nearly two and a half years after it was first listed for $18 million.
The most recent price reductions of $600,000 last week dropped the price down to $11.3 million for the massive mansion that is listed on the National Register of Historic Places.
Designed by David Adler and built for the family of meatpacking heir Lester Armour in 1931, the house was originally situated on a 73-acre estate, according to the Chicago Tribune.
A Highland Park native, Marx and his ex-wife Cynthia Rhodes, remodeled the home significantly after buying it for $4.7 million, making significant changes, including the addition of a recording studio.
The house “is a very special place. It was an amazing space to raise a family and a great workspace for me,” Marx told Bloomberg last year.
- Price: $11,300,000
- Square Feet: 29745
- Bedrooms: 7
- Bathrooms: 9 Full and 6 Half Baths
- Built: 1931
- Features: A palatial estate located on the shores of Lake Michigan, 700 Arbor boasts 29,475 square feet of magnificent, luxurious living on 5 acres. Designed by David Adler in 1931, the gorgeous Georgian style home with an impressive front drive and center fountain set the stage for the impeccably-designed interior with 4 floors, 9 bedrooms, 8 full and 6 half baths. Beautiful details abound from detailed crown molding, elegant archways, walnut parquet floors, 19 intricately designed fireplaces, gorgeous wood paneling and grand center staircase. Large windows surround the home and provide gorgeous views of Lake Michigan. Designed for grand entertaining and comfortable family living, enjoy gracious spaces including superb living and dining rooms, chef’s kitchen, decadent master suite and home theater. A unique, attached 8,000 square foot music studio has a full kitchen and 2 bedrooms. Sprawling back lawn with fire pit has stairs leading to private beach. For more information on this property, contact the listing agent, J.Anderson & D. Mancuso at (847) 460-5412 or firstname.lastname@example.org.
This listing originally appeared on realtor.com. Thank you for the story Lake Forest Patch and Realtor.
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