Former Groupon CEO Andrew Mason Sells Chicago-Area Home

Zillow

Andrew Mason's home

Although Groupon boasts deals of 50 to 90 percent off retail prices, the company’s former CEO didn’t give a deep discount on his Chicago home. Andrew Mason sold his estate for just 15.6 percent off the full list price.

The ousted company leader first listed his Evanston, IL home in July 2013 for $4.8 million. According to property records, it sold in December 2013 for $4,070,000. Mason paid $3.8 million for 581 Ingleside Park in August 2012.

Built in 1964, the traditional house sits on nearly an acre of land, which includes 185 feet of shore alongside Lake Michigan. The 4,963-square-foot home has 5 bedrooms and 4 bathrooms, as well as a guest suite and three-car garage.

Although Evanston is outside of the Gold Coast, the area has some pricey homes. The current median home value is $283,400 and there are several lakeside mansions listed for over $1 million.

Mason went to school at Northwestern University and started Groupon in downtown Chicago, but it appears that his firing from the company he helped start made him tire of the Windy City. According to the Wall Street Journal, Mason has settled down in Silicon Valley and recently released a “motivational” rock music album. He says he may dabble in another startup in the future.

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Erika Riggsa real estate writer for Zillow Blog, covers celebrity real estate, unusual properties and home design trends. Read more of her work here

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