A five-bedroom mansion on Lake Michigan in Lake Bluff that once was listed for $12.5 million but sold in December for just $1.61 million came on the market on Aug. 17 for $4.5 million.
It’s not clear if Andrew Goldberg, who is the global head of enterprise technology at biopharmaceutical firm AbbVie, and his wife, Diana, renovated the mansion since paying $1.61 million for it in December. However, they are seeking a whole lot more for the mansion than they paid for it just eight months ago — while also asking a whole lot less than its former owner once had sought for it.
Built in 1941, the 14,274-square-foot mansion previously was owned by banker George Michael, who paid $3 million for it in 2004. He famously persuaded state revenue officials to agree with his claim in 2008 that the mansion was a church serving 10 parishioners, thus permitting him to avoid paying $80,000 in annual property taxes. However, that ruling subsequently was reversed by an administrative law judge for the Illinois Department of Revenue, leaving Michael on the hook for the mansion’s full property tax bill. Then, in 2009, Michael listed the mansion first for $12.5 million and then for $10.5 million.
Over the next few years, Michael had the mansion on and off the market at lower prices, including for $5.5 million and then $5 million in the mid-2010s, and then for just below $3.95 million from 2017 until 2019. He also offered the mansion for rent for $10,000 a month for a time. After a foreclosure action, a bank assumed ownership of the mansion, and cut its asking price to $3.249 million at the start of 2020 and then to just under $3 million in March 2020. The bank then got aggressive, reducing it to $2.95 million in May 2020, $2.5 million in June 2020 and finally $2.25 million in August 2020.
In an interview in March, Andrew Goldberg told Elite Street that he and his family had moved into the mansion. He noted the appeal of the mansion’s sandy beach, adding that the 4.88-acre property “has probably one of the best beachfronts of most of the (properties) going up the way on the shoreline.”
“We’ve always been right next to the lake but never at it, and so here was a chance to go do that,” he said.
After placing the mansion on the market on Aug. 17, however, Goldberg did not respond to requests for comment. The Goldbergs’ listing agent, Dominick Clarizio, also did not comment.
The mansion has 9-1/2 bathrooms, four fireplaces, a large butler’s pantry with custom cabinetry, a kitchen with granite countertops, a heated indoor swimming pool and spa, a large family room with a wet bar, a two-story sport court, a home office, rooftop balconies, hardwood floors, and a walkout lower level with a second kitchen, a wine cellar, a recreation room with media space and a game room. Outside are a one-story guesthouse and more than 260 feet of private beach.
The property had a $63,246 property tax bill in the 2020 tax year.
Goldsborough is a freelance writer.
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