Billionaire Justin Ishbia and his wife, Kristen, who have spent $39.9 million since 2020 buying four separate houses on Lake Michigan in Winnetka, where they are assembling a private estate, have begun demolishing three of the homes.
The home at 203 Sheridan Road has been partially demolished as Justin Ishbia moves forward with assembling a private estate.
Now, the Ishbias are moving forward with clearing the three properties to the south. Demolition fencing recently was installed around the properties that contain the three homes. One home — a mid-century house immediately south of Centennial Park that Ishbia bought in 2020 for $8.2 million — already has been demolished, and a second home — a vintage house that they purchased in 2020 for $9.5 million — is about half demolished.
Winnetka’s Village Council voted unanimously in December to allow the couple to consolidate the land on which the three homes sat into one 3.7-acre lot, paving the way for them to proceed with construction of a home. At that December meeting, Kristen Ishbia told the council that they had to postpone moving to Winnetka due to delays regarding the site, and that they “just want to give my children a safe and loving place to grow up.
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