East Lake Shore Drive Co-Op is February’s Most Expensive Luxury Real Estate Sale in Chicago

Similar to last month’s single-family luxury home sales, February was a quieter month for luxury Chicago condo sales. Twenty-six luxury units (those sold for more than $1 million) sold, for a total sales volume of just under $40 million.

Looking at the top five most expensive sales, there was certainly a mix of things happening with each one. For one, the types of properties vary greatly: a co-op, a vintage condo, two modern high rise units and a vintage high rise unit. The locations also varied: Several were located in the Gold Coast (by far one of the most sought-after neighborhoods for luxury buyers), one at the relatively new Lakeshore East neighborhood, and another on the prestigious East Lake Shore Drive. And, there was a mix of boutique buildings among full-amenity buildings, rather than the latter, which is what we’ve seen in more recent months.

Let’s take a closer look at the details of the top five Chicago luxury condo sales last month:

229 e-lake-shore-drive 229 E Lake Shore Dr, Unit 9E
Original list price:
$3.29 million
Sold price: $3.1 million
This sale was highly unusual in that it sold—for cash—two days after the property was re-listed by the original realtor. Co-op sales generally take a long time for a sale to close due to the number of approvals required.

The unit itself had plenty to offer. This magnificent East Lake Shore Drive co-op occupies an entire half-floor in this landmarked building (which was designed by Chicago architect Benjamin Marshall). Units in a building like this are rarely available—the entire building only has 20 units—particularly one like this on a high floor with enviable lake and city views. With 3,800 square feet, 4 bedrooms and 4.1 baths, the unit was recently renovated and customized for upscale modern living. That means gorgeous mill work and custom built-ins throughout; a bright kitchen with high-end appliances, a large wine fridge and butler’s pantry; a family/media room that overlooks the lake; a combined master suite with his-and-her baths; and an elegant dining room with silver leafed ceiling. Other details include new windows, sound wiring, zoned heating and air and laundry room.

11 E Walton St11 E Walton St, Unit 3301
Original list price:
$3.09 million
Sold price: $3.05 million
In this 3-bedroom unit at the Waldorf Astoria, all 3,436 square feet have been highly upgraded for luxury living in the Gold Coast. Inside, you’ll find a chef’s eat-in kitchen with Snaidero cabinets, Wolf, Bosch and Miele appliances and Porcelanosa floors. Other features include 5-inch walnut floors, east and west terraces and a master suite with fully customized closets. The Waldorf Astoria is a full amenity building that includes hotel amenities like room service and spa facilities.

1300NStatePkwy1300 N State Pkwy, Unit 903
Original list price:
$3.1 million
Sold price: $3 million
Apartments in the highly sought-after Ambassador building are rarely available, and that’s especially true for a spectacular unit like this one. Inside, a wide gallery leads to gracious-sized public rooms, all with double Windows. The living room includes a fireplace, hardwood floors, and crown moldings. Additional features include a formal dining room, butler’s pantry, eat-in kitchen/family room, and two private balconies. The Ambassador is a landmarked, boutique building in the Gold Coast with just 37 residences. Amenities include a doorman, rooftop terrace and party room, a shared landscaped terrace, gym, ½ basketball court and a dog run.

Aqua Tower at 225 N Columbus Drive in Chicago

225 N Columbus Dr, Unit 8105
Original list price:
$2.845 million
Sold price: $2.35 million
A 3-bedroom penthouse in the awe-inspiring Aqua building in Lakeshore East. This unit offers jaw-dropping views in every room. Perched on the northeast corner of the 81st floor, this Chicago condo was completely redesigned to consider every detail. Luxuries include 14-foot floor-to-ceiling Windows with motorized shakes, custom stone and millworker throughout, Subzero refrigerator, Wolf range and Miele dishwasher in the kitchen, and a huge master suite with generous walk-in closet. And several times a year, this condo offers the best seat in the house for enjoying fireworks at Navy Pier.

image20 E Cedar St, Unit 12C
Original list price:
$2.2 million
Sold price: $2.2 million
Also located in the Gold Coast, this 4,700 square foot duplex in an absolute gem in a vintage doorman building. With 5 bedrooms, 4 baths, it’s a great alternative to a single-family home, with great features like a dramatic living room with floor-to-ceiling Windows, 22-foot ceilings, wood burning fireplace and ornate detailed plaster ceiling. The space is idea for entertaining, thanks to a generously sized formal dining room, an eat-in kitchen, butler’s pantry and more. Not to mention, the location is unbeatable, just steps away from everything the Gold Coast has to offer, from shopping to restaurants and more.

For additional photos or details about the Chicago condos that sold in February, or to see what’s on the market now, contact me at (312) 498-5080 or email me at ssalnick@dreamtown.com.

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