May Luxury Chicago Condo Sales Were All About Chicago’s Gold Coast

Chicago’s Gold Coast neighborhood is no stranger to luxury real estate, or the wish lists of high-end buyers. Nestled just blocks from the Magnificent Mile, residents of the Gold Coast are just blocks from everything they need:

Shopping: The boutiques along Oak Street are of world-class caliber: Harry Winston, Hermes, Jimmy Choo and many other shops line the block.

Dining: Great food can be on the menu every night when you live in the Gold Coast, with restaurants like Gibson’s, Nico Osteria, Tavern on Rush, Café des Architectes and others.

Beaches: The Gold Coast is within walking distance of the lakefront, including Oak Front Beach. This is a neighborhood hot spot, with swimming, volleyball tournaments, walking trails and more.

The Loop: Just south of Magnificent Mile, the Gold Coast puts downtown commuters just a quick zip from the office. The Loop is easily accessible by bus, El train or even walking.

So it’s no surprise that the Gold Coast was front and center of May’s Chicago condo sales. Not only is this one of the most sought-after neighborhoods in the city, but it is one area where you can find a high-rise condo with at least 3,000 square feet of living space. In May, the top sales ranged in size from 3,172 square feet all the way up to 4,931 square feet. Suburban clients love that many of these buildings don’t sacrifice space for a move into the city—they can find the same square footage that they had in the ‘burbs but with all of the urban conveniences of condominium living.

It is also apparent that, when a new construction building comes on the market, upscale buyers will flock to it. Brand-new Chicago condos are selling very well, and many buyers are willing to pay a premium price to live in them, as is evident in the top May sales.

With that, let’s take a closer look at the most expensive Chicago condos to sell in May:

4EastElm4 E Elm St, Unit 8S
Original list price:
$3 million
Sold price: $2.88 million
This is one of the newest buildings in the Gold Coast, one that’s been warmly embraced by luxury buyers—at listing time, the building was more than 90% sold. Four East Elm boasts sleek and modern half-floor residences, this one more than 3,400 square feet. Units boast elevator entries, luxury finishes, exposures with city and lake views and much more. The amenities make this building the ultimate oasis of luxury and privacy, with an outdoor pool, whirlpool, sun deck, fitness center, screening room, clubhouse lounger and 24-hour doorman. Not to mention, the location in the heart of the Gold Coast is a buyer’s dream, near restaurants, world-class shopping, the beach and plenty more.

800NMichigan800 N Michigan Ave, Unit 4602
Original list price:
$3.175 million
Sold price: $2.925 million
A rarely-available residence in Park Tower, this 3,172 square foot Chicago condo boasts and open floor plan for today’s lifestyle. The sensational open chef’s kitchen has a glass breakfast area that faces the lake and city, opening up to an open living room, dining room and family rooms. From there, you’ll find breathtaking, dramatic Lake Michigan and skyline views. Details throughout include high ceilings, wood floors, motorized blinds and private elevator access. Living at Park Tower is exceptional, upscale living at its finest—residents here enjoy the amenities and services of the neighboring Park Hyatt Hotel, which includes an indoor pool, fitness center, NoMI Restaurant and more.

1209-n-astor-st1209 N Astor St, Unit PH
Original list price:
$3.499 million
Sold price: $3.1 million
A spacious, full-floor penthouse on Astor Street, this co-op unit has been renovated down to every meticulous detail. Spanning the entire width of the building with 4,100 square feet, the property includes a living room, dining room and library, along with a state-of-the-art kitchen with high-end appliances, eat-in area and sitting area. Large windows offer 360-degree views. The exceptionally run building includes a lovely garden and much more.

400-w-huron 400 W Huron St, Unit 501
Original list price:
$3.75 million
Sold price: $3.75 million
From the developer of 30 West Oak, this is slated to be Chicago’s next iconic building. With groundbreaking contemporary design inside and out, the building has just 25 units, ranging from 2,100 to 4,931 square feet. This unit features a one-of-a-kind, custom full-floor floorplan with 4,931 square feet. This home nearly matches the interior square footage with outdoor entertaining space, including a private pool and spa. Other details include 10-foot ceilings, Valcucine cabinets, Miele appliances, stone floors, luxe baths, expansive terraces and separate enclosed garages.

800NMichigan800 N Michigan Ave, Unit 2801
Original list price:
$4.495 million
Sold price: $4.26 million
This unit in the iconic Park Tower is a half-floor residence that brings together masterful design and modern luxury. Spanning 4,220 square feet, this unique and customized home includes a gourmet kitchen, large outdoor terrace, the utmost privacy offering and panoramic views that include Lake Michigan and a clear line down the Magnificent Mile. Residents of this building have the 5-star amenities of the Hyatt Hotel right at their fingertips: such as rooms service and catering direct to the door, concierge service, and indoor pool and health club and a deluxe sun deck.

For more information on the Chicago condos that sold last month, or to see what’s on the market now, contact me at (312) 498-5080 or email me at ssalnick@dreamtown.com.

Luxury Gold Coast Condo Leads Chicago Sales in August

August was a pricey month for Chicago luxury condo sales, making it a bit of an anomaly. The August market is typically not as strong, with many people on vacation and the weather not always being the most agreeable for shopping for a new home.

Last month’s most expensive sale is located in a prestigious Gold Coast building, selling for just under $7 million. I’ve longed discussed how buyers are always looking for ample square footage when it comes to condo shopping, but this buyer got a generous amount of outdoor space too—a rarity for such a coveted location in the city. That’s a perk that many hope to find but never do, so it’s a feature that really differentiates that Chicago condo from others in the market.

If you’re in the market for a Chicago condo, I definitely recommend taking a look at last month’s sales details to get a feel for what has sold, with what amenities, at what price. If you’re just starting out, I’d also highly recommend checking out the Top 15 Chicago luxury condo buildings in Chicago for an overview of the top properties I recommend to my clients. Each of these buildings are packed with luxury and amenities and have their own special set of features to offer, so it’s a great overview to help you start your search.

With that, here’s a closer look at the luxury condos that sold last month in Chicago, in descending order:

1300 N State Pkwy Chicago1300 N State Pkwy, Unit 1201
Original list price: $7.9 million
Sold price: $6.9 million
This is an absolutely exquisite duplex in a very prestigious building: The Ambassador, located in the heart of the Gold Coast. The home boasts 6,800 square feet of interior living space, plus an unparalleled 1,400 square foot private terrace. No luxury or amenity is spared in this opulent residence, which features sweeping views, custom fittings, soaring ceilings and tasteful design throughout. Rooms include 3 large en suite bedrooms, 4.1 baths, family room, library, private dog run and DeGuilio kitchen with La Cornue range.

159EWalton159 E Walton St, Unit 33A
Original list price: $7.2 million
Sold price: $6.2 million
The Palmolive is not only one of the most iconic architectural buildings in Chicago, but it’s also highly sought after for condo living, with its perfect blend of historic appeal on the outside and ultimate luxury inside. This 5,200 square foot, full-floor penthouse was designed by Nate Berkus and showcases outstanding lake views from the 33rd floor. This unit offers whole house smart system for lighting, shades and music, plus a high-end kitchen with Wolf, SubZero and Miele appliances. The 3 bedrooms include a luxe master suite with spa bath and elegant dressing room, and the family room includes an ensuite bath so that the space could also serve as a fourth bedroom.

340 on the Park340 E Randolph St
Original list price: $4.5 million
Sold price: $4.138 million
This penthouse unit offers just over 4,000 square feet high on the 59th floor in downtown Chicago. High ceilings and panoramic views let you take in views of the city, and a large 11×31 covered terrace overlooks Millennium Park, Buckingham Fountain and the handsome skyline. Inside, additional features like contemporary finishes, maple hardwood floors, snaidero cabinets and electronic window treatments add to the luxurious appeal.

429ENWater429 E North Water St
Original list price: $3.7 million
Sold price: $3.1 million
This Streeterville condo offers stunning views of the river, park and lake from a whopping 5,300 square feet. The home offers an elevator to take you between four floors, among which you’ll find 5 bedrooms, 4 new baths, a large kitchen and a master suite that encompasses the entire second level. The third level features 3 bedrooms, a sitting room and private rooftop terrace. The building itself also offers a number of amenities, including a health club and doorman.

65 e monroe65 E Monroe
Original list price: $2.9 million
Sold price: $2.9 million
The Park Monroe is one of the best luxury condo buildings in downtown Chicago. This 3-bedroom unit spans 3,360 square feet, and takes advantage of the building’s incredible views since its perched high on the 48th floor. Residents here enjoy a 24-hour doorman, in-building parking, in-building retailers and coveted location within steps of Millennium and Grant Parks, the Chicago Cultural Center, Chicago Symphony and much more.

For more details on the Chicago luxury condos that sold last month, contact me at (312) 498-5080 or email me at ssalnick@dreamtown.com.

A Chicago Condo Deal with Amazing Views of the River

Chicago condos for sale: 200 N. Jefferson St.

For buyers looking for a great deal on a unique Chicago home, this is it: a one-bedroom condo with Trump-like views and a price that’s just right.

Address: 200 N Jefferson Street, Unit 1907
Listing price: $284,500

The price on this pristine Chicago condo has been reduced $15,000, and would be a fantastic deal for a buyer. Its million-dollar view alone is difficult to find at this price, but the property is also located in a newer building and in an ideal location for those working downtown. Located in Jefferson Tower in the Fulton River district, this Chicago condo features an east-facing view of the city and river, letting you bask in the city’s landscape without the cost of a building like Trump Tower.

Chicago condos for sale: 200 N Jefferson St.

In addition to its spectacular vista, this 1-bedroom, 1-bath offers:

Location: Nearby restaurants, coffee shops, grocers, Michigan Avenue, Merchandise Mart and more, this property is well-situated for those who work downtown and could walk to work, as well as anyone who wants to find plenty to do right in their neighborhood. The building gets a “very walkable” score on walkable.com, making it an ideal location to get around town on foot or public transit. It’s also near the Kennedy Expressway, making for easy trips to and from Chicago airports.

Building amenities: The 24-story Jefferson Tower is only a few years old and includes full amenities like a doorman, party room, sundeck, exercise room and a Starbucks in the building.

Most-wanted features: With a granite kitchen, stainless steel appliances, hardwood floors, a gas fireplace and a balcony to enjoy the view, this unit is immaculate and shows like a model. The reduced price on this Chicago home also includes deeded parking.

This is a great Chicago condo for anyone looking for city views at a great price, or for an in-town unit for those from the suburbs or frequent travelers to Chicago. Chicago real estate like this is the perfect way to enjoy the city—convenient location, with much to do and nearby some of the best things the city has to offer.
Give me a call or email me to check out the view in person and take a tour of the neighborhood. Contact me at (312) 498-5080 or by email at ssalnick@dreamtown.com.

Chicago condos for sale: 200 N. Jefferson

Chicago condos for sale: 200 N. Jefferson

Chicago condos for sale: 200 N. Jefferson St.

Chicago condo for sale: 200 N Jefferson St.

A Gold Coast 1-Bedroom Condo Perfect for a Second Chicago Home

With the Chicago area being such an expansive region, a great option for those who live in the suburbs or come into the city for business may want to invest in a second home. Having a second Chicago home makes it easy to come in and out of town, stay and enjoy a night at the theater or symphony, or take a mini-vacation away from your home base.

A great Gold Coast property has become available that would be ideal for a buyer shopping real estate in Chicago for that second residence:

82 E Elm St. Unit 5
List price: $385,000
Monthly assessments: $252

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