The Melgeses paid $1.05 million for the property in Oct. 2004. The 3,668-square-foot house was built in 1966 in the Lake Forest Central neighborhood. Lori Glattly of Prudential Rubloff is the listing agent for the home.
Mr. Melges is the chief executive officer for Melges Performance Sailboats at Melges Boat Works Inc., a maker of fiberglass sailboats, ice boats and dinghies that was founded by his grandfather.
Mr. Melges is the son of Harry C. "Buddy" Melges, Jr., widely considered the greatest sport sailor in the world. Mr. Melges, Jr., represented the Chicago Yacht Club in his 1992 win of America's Cup.
According to BlockShopper.com, there have been 140 home sales in Lake Forest during the past 12 months, with a median sales price of $780,000.
Address: 615 Linden Avenue
Buyer(s): Melges C Harry and Melges K Suzanne
Seller(s): Smith Alisun Blanda and Alisun Smith Blanda 04/15/1996 Trust
Sale date: Oct. 25, 2004