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Lake Geneva mansion sells for $17M

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A six-bedroom, 12,280-square-foot vintage lakefront mansion on 20.5 acres in Lake Geneva, Wisconsin sold for $17 million Friday.

The mansion known as Villa Hortensia is located next to the best-selling mansion on Lake Geneva in history. The mansion was purchased by Chicago-area billionaire J. Christopher Reyes and his wife Anne from the estate of the late investment manager Richard Dollyhouse in January for $36 million.

Villa Hortensia is now sold for the second highest price on Lake Geneva in an off-market transaction, but less than half the record amount Reyes paid for Glanworth Gardens. Built in 1906 and designed by architect Howard Van Doren His Shaw, Villa Hortensia has been sold to a buyer who has not yet been publicly identified.

Sellers Ralph and Sally MacDonald purchased the mansion in 1997 and first went public in May 2021 for $20.75 million. He then sold it for $18.5 million before taking it off the market. Realtor Wendy Murphy of the d’aprile property, which specializes in selling luxury properties in the Lake Geneva region, contacted McDonald’s and received an offer from a customer who would not reveal her identity, and the deal was closed.

The Mediterranean-style Snake Road Mansion, complete with Arts and Crafts details, was built for Edwin Swift of Swift’s family of butchers, who named Villa Hortensia after his wife Hortense. The stuccoed mansion has a red Spanish tile roof, 11 bathrooms, a domed entrance hall, a grand vaulted hall on the second floor, oak floors and original woodwork. Outside the property are original buildings including 502 feet of lakefront, two piers, a private boat launch, an in-ground pool, clay tennis courts, and a three-bedroom guest house.

Villa Hortensia, known as Edgewood in the 1940s, has been the subject of recent speculation about its fate under new buyers, possibly in need of a major renovation and could face a wrecking ball. .

Other big-ticket Lake Leman area sales include last year’s sale of a 10-bedroom, 13,000-square-foot lakefront mansion to Thomas Tisbo for $12.75 million, and an Elmhurst woman’s sale of a previously demolished building. That includes over $13 million spent to assemble it. Condo in an Italian Renaissance lakefront mansion known as Stone Manor. However, not all of Stone Manor’s units have been consolidated under her ownership yet.

Goldsborough is a freelance reporter.

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