Built in 1912 and recognizable for its red tile roof, the mansion has had just five owners in 111 years
A Spanish-style mansion on Lake Michigan in Winnetka that the late insurance mogul, philanthropist and author W. Clement Stone and his wife Jessie once owned sold on Thursday for $12.25 million.
McMillan owned the mansion until his death in 1965, and the following year, Stone and his wife bought it and eventually moved there from their mansion in Evanston. They remained in the home — and frequently held benefits in the upstairs ballroom — until W. Clement Stone’s death at age 100 in 2002 and Jessie Stone’s death at 100 in 2004. The Stone estate sold the mansion in 2006 to business executive Randy Abrahams and his wife for $8.1 million.
Outside are 165 feet of sandy beach, a raised terrace, a new pool and a newly built, two-story cabana house designed by architect Paul Konstant that has an elevator and custom bar. “The cabana is perfect and the pool is sensational, but the main house does need a touch of love to take it into the 2024 standard of luxurious living,” Radnay said. “When you have a magnitude of a property like this, it deserves the very best. This house allows you to live your dreams.”
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