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  WINDY CITY TIMES

Real estate news:
2011-09-07

This article shared 3469 times since Wed Sep 7, 2011
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—A day at the beach: A Sarasota, Fla., residence leads TopTenRealEstateDeals.com's list of the best beach homes. This residence is situated in the very private and gated Sanderling Club on Siesta Key. The home—which the owners and their architect, Guy Peterson, organized its living spaces into color-coded "cubes"—functions like a private family resort, with a large pool designed to accommodate both water polo games and lap swimming. The pool features a slide and an oversized Jacuzzi for relaxing. The 1.53-acre site features landscaped gardens on both the entry side of the residence and the beach side living and entertaining areas. It goes for $14.5 million; contact Linda Dickinson at lindadickinson@michaelsaunders.com or 941-350-3304.

—Infamous home sells: The Lakeview mansion that Cook County prosecutors said was the site of Chicago's most infamous home video—R. Kelly's alleged sex tape—sold for $2.64 million recently, the Chicago Sun-Times reported. Kelly's former 11-room home, at 1010 W. George, has a 1,600-gallon fish tank and a lofted living room overlooking an indoor lap pool; it sold for far less than its $3.5 million asking price. An owner who purchased the house for $1 million from foreclosure in 2008 added touches such as an elevator and a $7,000 shower head.

—Fritchey sells: Cook County Commissioner John Fritchey sold his Lincoln Park home for $990,000, according to ChicagoRealEstateDaily.com . This development took place after he was criticized for reportedly not paying more than $24,000 in property taxes. The sale resolves a foreclosure suit filed by Wells Fargo Bank in February that claims Fritchey and his wife, Karen, had defaulted on a $411,000 loan on the house. John Fritchey blames the loan and property-tax problems on the couple's pending divorce.


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