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Winnetka lakefront mansion sells for $31M — the highest-priced home resale in Chicago-area history

Muneer Satter and Kristen Hertel invested up to $72 million in renovations, creating a 13,894-square-foot estate with extensive amenities on 2.3 acres of lakefront property.

Summary by Chicago Tribune
A seven-bedroom, 13,894-square-foot vintage French Renaissance Revival-style mansion on 2.3 acres on Lake Michigan in Winnetka sold Wednesday for $31.3 million — the highest-priced home resale in Chicago-area history. The sellers, retired investment banker Muneer Satter and his wife, Kristen Hertel, spent between $65 million and $72 million to create the estate, according to the listing agent, Jena Radnay of @properties Christie’s International …

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Chicago Tribune broke the news in Chicago, United States on Thursday, September 4, 2025.
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