Ultrahigh-end homes slow to sell in crowded market
If a man’s home is his castle, what happens to the new castle still looking for its man?
In the current economy, it sits and waits.
In Oak Brook, it’s a $5.75 million stone castle. In Burr Ridge, it’s a Middle Eastern-influenced home named Villa Taj, once priced at $25 million and headed for the auction block next month. In Barrington Hills, it’s a nearly 12,000-square-foot home sitting on five acres. In Chicago, it’s an unfinished, four-story, bank-owned home with an elevator. And in Lake Forest, it’s an elegant country home whose already trimmed price was just slashed by another $1 million.
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