Lake of the Isles mansion mystery buyer revealed


Even by Lake of the Isles Parkway standards, the 15-room, Mediterranean-style pile at the bottom of W. 25th Street is a landmark. But when it sold for a record-breaking $4.859 million in September, its new owner was a mystery.

All that changed Monday when Hennepin County property tax records revealed his name: Eric Siegert, senior managing director at the investment banking firm Houlihan, Lokey, Howard and Zukin in Minneapolis.

The firm's Web site says that Siegert's been a player in some major financial restructuring deals over the past 20 years, including Enron.

Tom and Angie Wicka sold the mansion for $4.859 million in September -- a record sale in Minneapolis -- after buying it in 2004 for $4 million.

And in case you were wondering, yes, the crappy economy even appears to be bringing down the mansion market. Sotheby's International Realty put on the market in February for $5.495 million.