A seven-bedroom, 6,888-square-foot Colonial-style mansion on more than 2.5 acres along Lake Michigan in Winnetka was listed Feb. 5 for $12.9 million.

Built around 1905, the mansion has counted among its owners John S. Gleason Jr., a Chicago banker was who later the U.S. administrator of veterans affairs before serving prison time for bank fraud.

The current owners paid $3.175 million through a bank trust to buy the mansion in 1996. Features include five full baths, three half baths and four fireplaces. Outside on the property are a pool, four cabanas, a coach house, 170-foot-wide views of Lake Michigan and a private sandy beach.

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The mansion is Winnetka’s third-highest-priced listing, behind a proposed eight-bedroom, 12,500-square-foot mansion on Sheridan Road that has a $13.75 million price tag and the long-standing listing of the 27,000-square-foot Le Grand Reve mansion, which once was listed for $32 million but now has an asking price of $12.999 million.

Bob Goldsborough is a freelance reporter.

A seven-bedroom, 25,000-square-foot Lincoln Park mansion is on the market at a record asking price of $50 million.

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