Chicago luxury condo sales had a strong year in 2015, but the ultra-luxury condo market was what really stood out. These are the $2 million-plus sales that include every bell and whistle a luxury buyer could hope to find—hence the price tag to go with it. Let’s take a look at what made the most expensive sales last year so special.
Features of Ultra-Luxury Real Estate in Chicago
Every buyer has his or her own unique wish list when they start hunting for a new home, but there are definitely trends among luxury buyers and what they’re looking for. The most common features I find luxury buyers want are:
- Location: Downtown, close to downtown or in a great neighborhood near schools, dining and nightlife.
- Newness of the building: Buyers want new construction, or as close to it as they can get.
- Architectural details: A building’s design inside and out can make it stand apart from others, and buyers love a building by a noteworthy architect or designer.
- Views: It wouldn’t be a luxury property without a built-in panorama of beautiful Chicago.
- Square footage: Condo living doesn’t mean sacrificing space, and luxury buyers want at least 3,000 square feet, plus outdoor space on decks or terraces.
- Services: From valet parking to in-room catering, the right luxury condo building puts every service imaginable at their residents’ fingertips.
Any luxury buyer will be happy to find a property that hits on those features. But the ultra-luxury buyer takes it a step further. This is the buyer who not only wants a great building, but the very best condominium in it—a luxury unit that is head and shoulders above anything else at that address.
These are the types of properties that get everyone in the building talking. For the client with the right budget (millions of dollars), it’s as much a statement-making status symbol as it is a place to call home.
Top Ultra-Luxury Condo Sales in Chicago for 2015
We saw a number of these types of properties sell in 2015—ultra-unique Chicago condos with unusual features you don’t find among typical luxury real estate. Of the top 15 individual sales, 13 sold for cash, and not one for less than $4 million.
Here’s a look at 15 Chicago condos that make for the ultimate luxury home:
189 E Lake Shore Drive, PH18
Sold price: $10,375,300
The unit: This beauty on the prestigious East Lake Shore Drive is a penthouse in every sense of the word, and it billed itself as the most magnificent one in the city. The interior boasts 7,662 square feet on the inside and almost 3,000 square feet of private outdoor space, including terraces with spectacular lake and city views. And there was one rarer find: this unit included parking for five cars.
The building: This prestigious building recently unveiled a new state of the art exercise facility. It also has one of the most gracious lobbies you’ll find in a Chicago residential building.
1300 N State Pkwy, Unit 1201
Sold price: $6,933,333
The unit: This 3 bedroom, 4.1 bath unit is an exquisite duplex at The Ambassador. Its 6,800 square feet includes a library, private dog run, DeGuillo kitchen with La Cornue range and 5 fireplaces, plus a 1,400 square foot private terrace. Sweeping views, custom fittings, soaring ceilings, a custom staircase and tasteful design throughout add to the features that make this Chicago condo a total standout.
The building: The Ambassador is a pet-friendly building that includes an exercise room, bike room, party room and sun deck. Its Gold Coast location puts it just 2 blocks from the lakefront.
159 E Walton, Unit 33A
Sold price: $6.2 million
The unit: Located in the famous Palmolive building, this 5,200 square foot, full-floor unit was designed by Nate Berkus. The lux master suite includes a spa bath and elegant dressing room, and the eat-in kitchen boasts appliances by Wolf, SubZero and Miele. The space in this 3-bedroom unit makes it perfect for an art collector, with additional features such as outstanding lake views, a private elevator lobby, a whole-house smart system for lighting, shades and music.
The building: Architecturally speaking, this building is world renowned for its dynamic art deco design. Amenities include a modern exercise facility, a common entertaining room, a 24-hour door staff and additional storage space for residents.
2550 N Lakeview Ave, Unit S3801
Sold price: $6 million
The unit: This was a great opportunity for the buyer to turn a new construction condo into their urban dream home. This southeast duplex penthouse in Lincoln Park 2550 spans a whopping 8,167 square feet of raw, un-designed space across two top floors.
The building: Designed by architect Lucien Lagrange, Lincoln Park 2550 is at the top of the list for what Chicago has to offer in luxury real estate. It’s a smaller, boutique building with an ultra-elegant feel and five-star amenities, including a health club and spa, private park, theatre room and more.
1021 N Dearborn St
Sold price: $5.5 million
The unit: The details are scarce on this 5,835 square foot 4-bedroom, as it was sold before it was even officially listed. But this is an exceptionally elegant Chicago condo, with 4 levels, a 441-square foot wrap-around balcony, and a full-floor master suite.
The building: Located at Dearborn and Oak streets around the corner from Washington Square Park, this modern townhome building is an exquisite design from Smithfield Properties, who also built the neighboring 30 West Oak.
340 E Randolph
Sold price: $5.2 million
The unit: A top-floor penthouse, this 4,919 square foot 3-bedroom in 340 on the Park boasts one of the huge selling points of a luxury condo in Lakeshore East: Endless views of Millennium Park and the city skyline, enjoyed through soaring 12-foot, floor-to-ceiling windows. Inside, you’ll find a high-end chef’s kitchen with multiple entertaining areas, a master suite with sitting area and private office, plus contemporary finishes, smart-wired audio, electronic window treatments and tons of closet space. Three terraces make it easy to enjoy sweet Chicago summers.
The building: 340 on the Park anchors the south entry into Chicago’s Lakeshore East neighborhood, with a stand-out design. The lobby envelopes you in luxury the moment you walk in, and each residence is a perfect blend of traditional elegance and modern living. Amenities here include a sky garden atrium, club room, fitness center with lap pool and spa facilities.
435 W Deming Pl, Unit 435
Sold price: $4,999,999
The unit: This brand-new 5 bedroom, 4.2 bath new construction unit was sold before print.
The building: A new construction property from LG Development, 435 W Deming is a group of ultra-luxury row homes across from Lincoln Park.
65 E Goethe St., Unit 101
Sold price: $4.9 million
The unit: With 3 bedrooms, 2.2 baths and a whopping 5,500 square feet, this unit is an ideal property for an art collector, thanks to generous wall space for showcasing work. This two-level unit also includes facing private terraces that overlook Goudy Park, a custom terrazzo floor on the first level, two included parking spaces and an adaptable floor plan to add additional bedrooms and bath if desired.
The building: The Chicago condos at 65 E Goethe are a crown jewel of the Gold Coast. Designed by Lucien Lagrange, the building has a traditional French style that fits right in with the elegance of the Gold Coast. Residents here enjoy an on-site concierge/manager.
209 E Lake Shore Dr, Unit 7E
Sold price: $4.5 million
The unit: A 5,900 square foot 3-bedroom, 4.2 bath, this thoughtful and meticulous condo was renovated just 3 years ago by Marvin Herman Archiects. Features include a stately living room and dining room that share unsurpassed views of the city and lake, a paneled library, a custom kitchen and breakfast room with Clive Christian cabinetry and La Cornue range, Italian walnut-paneled media room and a master suite with attached sitting room, his-and-her baths and dressing rooms.
The building: This is one of the city’s finest co-op buildings, designed by renowned architect Benjamin Marshall in 1925. Amenities include a 24-hour door staff, an exercise room, private garden and attached parking garage.
800 N Michigan Ave, Unit 5702
Sold price: $4.25 million
The unit: This half-floor residence in Park Tower showcases spectacular details throughout: an Ernestomeda kitchen, fireplace, walnut floors, zen master bath, custom closets, smart house audio-video system, a wet bar and a midnight kitchen. Exceptional 270-degree views can be enjoyed from inside or from the 8 by 14-foot terrace.
The building: Park Tower is one of the most loved luxury condo buildings in downtown Chicago, also designed by Lucien Lagrange. Residents of Park Tower can take advantage of the services and amenities from the adjacent Park Hyatt Hotel, such as the full-service NoMI Spa, 25-yard pool, dry cleaning services and much more.
159 E Walton Pl, Unit 18A
Sold price: $4.4 million
The unit: With 4,700 square feet high on the 19th floor, this 3-bedroom condo boasts unobstructed views of Lake and Michigan Avenue. Exquisite attention to detail is found throughout, such as hardwood floors, top-of-the-line kitchen appliances, two included parking spaces, an eat-in breakfast nook that overlooks Lake Michigan and 4 separate HVAC zones. The unit’s grand master suite includes a sitting room, lux bath with whirlpool tub and lake view, and a separate wing is home to 2 large ensuite bedrooms.
The building: Chicago’s Palmolive building is not only an architectural gem for its renowned art deco style, but one of the most sought-after vintage buildings for luxury living. Residents here can enjoy access to the building’s private health club, concierge services and attached heated parking.
132 E Delaware Pl, Unit 6302
Sold price: $4.25 million
The unit: This 7,000 square foot duplex was designed by Juan Pablo Molyneaux and architect Marvin Herman high atop the Four Seasons Hotel. The details are impeccable: P.E. Guerin hardware, Beaumaniere limestone floor, a grand staircase to the second level and the highest quality custom finishes and millwork, to name a few. The spectacular double-volume space includes ensuite bedrooms, library, second floor gallery, 2,000 bottle wine cellar, tasting room and home theater.
The building: Residents of 132 E Delaware have a great advantage in sharing an address with the Four Seasons Hotel, allowing them to take advantage of all amenities and service offered by the 5-star hotel group.
340 East Randolph St, Unit 5903
Sold price: $4.138 million
The unit: This luxury penthouse boasts all of the details that put a property in the luxury category: high ceilings, contemporary finishes, maple hardwood floors, Snaidero cabinets, built-in appliances, smart-wired audio and electronic window treatments. Panoramic views of the city skyline, Millennium Park, Lake Michigan and Buckingham Fountain can be enjoyed from a large 11-by-31-foot covered terrace.
The building: A favorite in Lakeshore East, 340 on the Park includes a winter garden, 75-foot, 2-lane lap pool and state-of-the-art exercise facility.
401 N Wabash Ave, Unit 41S
Sold price: $4.1 million
The unit: This property is less than 10 years old, but its 4,000 square feet have been highly upgraded, with features including 2 fireplaces, 10-foot floor-to-ceiling windows, Miele, SubZero and Wolf appliances; not to mention, the breathtaking views that are a guarantee at Trump Tower. This sale also came with potential to be combined with the 1,100 square foot unit next door to create 5,100 square feet of wrap-around views.
The building: Not only is the River North location highly coveted for its easy access to the best things Chicago has to offer, but Trump Tower is a sought-after building in itself. Residents here can enjoy the amenities from the building’s hotel, along with 5-star services like in-home catering, valet parking and more.
30 W Oak St, Unit 12B
Sold price: $4 million
The unit: This 3-bedroom, 3.1-bath was beautifully custom designed throughout its 3,349 square feet.
The building: This Gold Coast building is less than 10 years old and a favorite among luxury buyers looking to be close to downtown Chicago. A south-facing, all glass façade brings in stunning light and neighborhood and skyline views. Each unit inside boasts 10-foot ceilings and a private terrace to take it all in.