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.

Chicago Luxury Condo Sales in May Particularly Strong

The summer selling season is moving along extremely well, with sales of Chicago luxury condos hitting a real high last month. In May, 52 units sold for a total of $82.5 million, compared to $69 million in sales during the month prior.

Four out of the top five most expensive sales were in buildings that are always on the top of my list of recommendations for luxury buyers. These buildings all differentiate from the norm, with units that offer 3,000+ square feet and services and amenities that take luxury living to the next level. Each of these buildings are also extremely walkable, with shopping, dining, entertainment and more all within a close distance.

And while these building share many luxury features, they each stand on their own as well. I encourage you to give me a call to discuss the various nuances and amenities that differ from these luxury buildings and see them first-hand. That is by far the best way to understand why these Chicago condos are consistently on the top of the sales lists and why the most discriminating buyers choose them.

In the meantime, here are a few details on those top five most expensive condos to sell in Chicago last month:

Chicago real estate at Park Tower 800 Michigan Avenue800 N Michigan Ave, Unit 8008
Original list price: $3.79 million
Sold price: $3.5 million
Park Tower is an icon along Michigan Avenue, not to mention in the city of Chicago. It’s no mystery why it earned two of the top five units sold last month. This 4,200 square foot r-bedroom is on the building’s 56th floor, allowing for soaring views of the lake, city and dreamy sunsets. Features include loads of storage, huge walk-in closets in the master bedroom, a spacious balcony off of the kitchen and two included garage spaces. Residents of Park Tower can take advantage of all of the luxe hotel amenities offered by the neighboring Park Hyatt.

aquatower225 N Columbus Dr, Unit 8032
Original list price: $3.9 million
Sold price: $3.3 million
The south, east and north exposures of this 78th floor 3-bedroom condo equate to 360-degree views from inside and from multiple wrap-around balconies. The Aqua building is a gem on Chicago’s architectural map, designed by Jeanne Gang in the city’s East Lakeshore neighborhood. Designer-inspired finishes are found throughout this unit, with Gaggenau and SubZero appliances, Snaidero cabinets, controls for audio, lighting and window treatments.

Chicago real estate at Park Tower 800 Michigan Avenue800 N Michigan Ave, Unit 4401
Original list price: $3.2 million
Sold price: $3 million
Another stunner in the iconic Park Tower. This 3,200 square foot, 3-bedroom unit is on the premier “01” tier of the building, on the 44th floor boasting spectacular lake views from every room. Details inside include beautiful millwork with built-in bookcases, wide-plank walnut hardwood floors, a gracious floorplan and a large familiy room that opens up to a terrace.

65 e monroe65 East Monroe St, Unit 4601
Original list price: $2.84 million
Sold price: $2.95 million
This exceptional penthouse was recently designed and built to epitomize luxury real estate in Chicago. Perched high in a southeast corner of the 46th floor, this 4,000 square foot condo captures stunning views of Michigan Avenue, Monroe Harbor, Millennium Park and much more through 10-foot floor-to-ceiling windows. The building itself—The Park Monroe—includes amenities like a lap pool, gym, media room, outdoor Jacuzzi, party room and rooftop terrace.

Chicago condos in Trump Tower401 N Wabash Ave, Unit 53A
Original list price: $3.29 million
Sold price: $2.775 million
This upgraded “A-tier” unit in Trump Tower spans just over 3,000 square feet with 3 bedrooms, 3.5 baths and unbeatable north and east views of the Chicago River and Lake Michigan. Details throughout this unit include a Snaidero kitchen, Miele, Wolf and SubZero appliances, dark Brazilian hardwood floors and three fireplaces, PLUS upgrades like motorized window treatments, a glass wine room, custom storage and state-of-the-art lighting and sound system. The building itself is known for the luxury lifestyle it offers to residents, with a world-class health club and spa, five-star hotel amenities and attentive service from the curb all the way up to your front door.

These buildings, among a few others, are truly the cream of the crop for luxury real estate in Chicago. If you’re in the market for a new condo, I definitely recommend checking these out and would be happy to give you a personal tour. Contact me at (312) 498-5080 or email me at ssalnick@dreamtown.com.