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wo historic lots from the former Hoover estate in Glencoe have hit the market, priced at $895,000 and $1.2 million. The estate, once home to the Hoover vacuum family, was acquired by B-3 Companies earlier this year. Eleven of the 18 lots have already been sold off-market for an average price of $1 million per lot. Buyers are mostly empty-nesters seeking high-end homes amidst the wooded estate's natural beauty.

    The remaining lots will likely attract buyers looking for luxury homes between 4,100 and 6,500 square feet. While much of the original architecture has been lost, remnants like brick gates and antique French statuary remain as a nod to its legacy. B-3 aims to preserve about 75% of the mature trees on the property while planting new ones in a natural area.

    "This land is a once-in-a-lifetime opportunity," said Simon Berger, a partner at Skokie-based B-3. "We're not going to let it sit." The village of Glencoe requires homes to be completed within 36 months of starting construction in July. Chicago's suburban luxury market has been active recently, with demand often outweighing supply, especially in the $2 million range.