Billionaire Justin Ishbia and his wife, Kristen, who have paid $39.9 million since 2020 for four separate houses on Lake Michigan in Winnetka, now are poised to spend another $43.74 million building a lakefront mansion.
A home owned by Justin Ishbia along the lakefront, between Centennial Beach and Elder Lane Park beach, in Winnetka, Nov. 2, 2022.since 2020 for four separate houses on Lake Michigan in Winnetka, now are poised to spend another $43.74 million building a lakefront mansion in that village that would measure 68,344 square feet.
No architectural drawings are yet available for the proposed mansion, and village officials have yet to approve the application. The plans are still being reviewed by Winnetka building officials, the village’s permit coordinator, Anita Lichterman, confirmed to Elite Street.As a result, the mansion’s style and height still have not been made public. However, the application spells out plans for both an indoor swimming pool and an outdoor pool.
The plans are for the mansion to be built on the sites of three of the four homes that the couple have bought on Lake Michigan, and those three purchases together have totaled $33.7 million for what would be 3.7 acres — a nearly unheard-of size for a homesite on Lake Michigan in the Cook County portion of the North Shore.
Whether or not the land swap goes forward, the Ishbias clearly are proceeding with building their mansion on Lake Michigan. Elite Street reported on March 31 that the Ishbias hadPeter Lee, who represents the Ishbias, did not respond to a request for comment. However, in a brief phone interview in late March, Ishbia told Elite Street that there was “no new news” on the land swap, and that his representatives were continuing to work with the village on building plans for his mansion.
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