Leo Melamed, chairman emeritus of CME Group (formerly Chicago Mercantile Exchange), has listed his Chicago-area home in Glencoe, IL, for $2.59 million.
The modern home along the Lake Michigan shore, built in 1965, was designed by renowned architect Edward Dart.
The 17-room mid-century modern residence with a breathtaking grand entryway and fine interior woodwork is spread over 1.06 acres of majestic ground, Realtor reports.
Surrounded by lush-green gardens, the property was built with earthen materials - brick and concrete.
The three-storey residence features seven bedrooms, four bathrooms, a game room, exercise room, recreation room, with a three-car garage. The Glencoe home contains four full baths, two half baths, two fireplaces, octagon-shaped dining room, a master suite with a large dressing room and his/hers baths, an open floor plan, walnut trim, a pool and a pool house.
Special design highlights include hidden skylights, a fireplace and soaring ceilings.
"We've been there 36 years and enjoyed every minute of it. Glencoe's a great suburb," Melamed told Elite Street. "But we're at the time in our lives when all our friends have moved back downtown to the city, and we're doing that as well. There's nothing unusual about it," Chicago Tribune reports.
The listing agent is Jen Waldman of Coldwell Banker Residential Brokerage of Glenview, IL.
Under Melamed's leadership, the CME Group created International Monetary Market, the world's first futures exchange. One of his prominent published works include "Escape to the Futures" - a prize-winning memoir that has been printed in Chinese, Japanese, Korean and Russian languages.
In October 2012, the financial pioneer had listed the contemporary-style brick mansion in east Glencoe for $3.495 million.
Leo Melamed and family, who have been living in the mansion since the mid-1970s, fell in love with the property the moment they walked in.
"The architecture was so unusual. We loved it and we walked in and felt an immediate connection to the light and the shapes of the rooms. The brick was all very appealing to us. Most of the rooms in the house are an unusual shape rather than the usual rectangle or square," said Melamed's wife Betty, Chicagomag reports.
