The lakefront estate at 595 Circle Lane in Lake Forest, a 15,000-square-foot Italianate mansion with roughly 570 feet of private Lake Michigan shoreline, just took a $2.5 million haircut. The asking price now sits at $25 million, keeping it among the priciest active listings in the Chicago area and putting a fresh spotlight on the North Shore luxury scene.
According to The Real Deal, the price drop hit the market on Tuesday, after the home had been listed at $27.5 million since September 2024. The roughly 9 percent trim follows stretches of the property coming on and off the market at the higher ask.
Property at a glance
Listing details show the Italianate-style residence sits on about 5.27 acres and comes with a boathouse, pool and spa, plus a garage complex that can hold around 22 cars. The home itself totals roughly 15,000 square feet and was completed in 2019, according to Redfin.
Owner and site history
County and court records show owner Terry Rozdolsky acquired the site in 2010 for about $4.5 million, then tore down the previous house and built the current mansion. Court filings reviewed by Casemine also connect Rozdolsky to Harbortown Industries. Historical documentation identifies the grand marble stairway down the bluff as a surviving piece of the early-20th-century Villa Turicum estate, per TCLF.
How it compares in the market
Even with the discount, the property remains the most expensive home currently listed in the Chicago metro, underscoring just how hot North Shore luxury sales ran last year. Multiple record-setting deals, including a Winnetka estate that sold for about $31.25 million last fall, helped push the top of the market higher, according to NBC Chicago.
Why the price change matters
At this price level, a cut like this often signals a seller testing how far buyer demand will stretch or fine-tuning the marketing to tap into the current pool of ultra-wealthy shoppers. Other nearby high-end listings have seen recent adjustments too. A large duplex at One Magnificent Mile, for example, is showing a revised asking price this month, based on current listing information from Coldwell Banker.
Next steps
The Lake Forest property remains listed with Ann Lyon of @properties, with showings coordinated through the brokerage as the seller hunts for a buyer at the new price. With its fresh $25 million tag, 595 Circle Lane is likely to be watched closely by agents and well-heeled buyers as a bellwether for where North Shore luxury values settle in 2026.
