
Chicago's highest-priced residential real estate listing was taken off the market in November after failing to secure its staggering $50million price tag.

The Lincoln Park mansion was built approximately a decade ago by Richard and Michaela Parrillo after the couple spent $12.5million in 2005 to buy the land from the Infant Welfare Society. It was completed in 2008.

The United Automobile Insurance Co. chairman and CEO put the massive mansion up for sale in December 2016, the Chicago Tribune reported.

The Lincoln Park mansion was built approximately a decade ago by Richard and Michaela Parrillo after the couple spent $12.5million in 2005 to buy the land from the Infant Welfare Society

He and his wife had built the home on a whopping eight plots of land in 2008

They have never waived the price, either, claiming that $65million was spent in total to build the mansion.

Inside the mansion there are seven bedrooms with walk-in closets and 11 total bathrooms - seven full and four that are half-bathrooms. It even comes with its own steam room.

There is also an indoor grilling room to compliment the multiple kitchens and dining areas. The home has its own wet bar and wine cellar as well.

The United Automobile Insurance Co. chairman and CEO put the massive mansion up for sale in December 2016

The mansion has a beyond elegant feel includes fine wood and marble finish on most of the rooms

The home features a driveway that includes gravel that was imported with France. There are multiple fountains found on the exterior of the home, along with a reflecting pool and an antique garden pavilion.

All across the mansion, ornate marble and plaster details convey an elegant feel. There are more than four fireplaces strewn out across the mansion.

Just blocks from Lake Michigan and the Lincoln Park Zoo, the mansion does also include a three car garage.

There is also an indoor grilling room to compliment the multiple kitchens and dining areas. The home has its own wet bar and wine cellar as well

An ornate spiral staircase, decorated in black and gold, takes visitors to the multiple floors in the home

The mansion's size has been a topic of contention - listing agents state the abode mansions 25,000sq ft but Cook County assessor say that it actually comes out 15,533sq ft.

Assessors also estimated the market value of the mansion to actually be $19.36million in 2018.

James 'Jimmy' Dremonas' $21.9 million mansion with six-bedrooms now has the highest asking price for any residential property in the city. The 13,400sq ft mansion located close to the Near North Side is the highest listing price for any suburban home on the market.

There are multiple fountains found on the exterior of the home, along with a reflecting pool

An antique garden pavilion also sits out in the backyard of the mansion

Just blocks from Lake Michigan and the Lincoln Park Zoo, the mansion does also include a three car garage