The new construction luxury market is alive and well, as April’s condo sales made clear. Sales were strong last month, with a healthy number of ultra-luxury prices. Eleven properties closed for more than $2.5 million.
For the luxury buyer, a high price point of several million is not an issue for the luxury buyer when it has everything to offer. A prestigious building, ample square footage and incredible views are just a few big-ticket features that buyers are willing to pay for. The great thing about Chicago is that these features don’t have to be a trade-off to live in the heart of the city. In fact, Chicago has a number of buildings in which a buyer can get 3,000 square feet, affording them the space that they could get in the suburbs. I always recommend my clients consider at least this much space when purchasing a luxury condo, as this will be easier to resell when the time comes.
Looking at the top condos to sell in April, you’ll notice there’s not much diversity—a single address was responsible for three of the top five most expensive sales.
No. 9 Walton: The Hottest Address in Chicago Luxury Real Estate
While there have been a number of new construction luxury buildings in Chicago over the last decade or so, it has been some time since one had the anticipation of 9 W Walton. Located at Walton and State streets, these Chicago condos were designed to offer a luxurious, comfortable lifestyle, and was carefully designed to tap into an authenticity and elegance that balanced modern living with the nostalgia of Chicago’s architecture.
The building design itself is incredibly thoughtful, with each unit bespoke and made to order, paying careful attention to detail and the sourcing of materials. The design is meant to engage with the city outside of it, paying tribute to the surrounding architecture while delivering a fresh standard for luxury living. No. 9 Walton was created to be a hospitality-driven building, akin to a high-end hotel—but without the hotel guests. The long list of features and amenities include everything a resort hotel has to offer, but are available exclusively to residents.
Each condo in No. 9 Walton is a home, not just a space, and is filled with impeccable details that create an unparalleled living experience. The completely finished terraces include overhead heat, letting residents extend Chicago’s famous short summers by a few months. The two- to five-bedroom floor plans are custom tailored with dramatic 10 to 12 foot ceilings.
And the building services have plenty to offer, as well, including a fully-staffed lobby and valet; a house car and driver; dry-cleaning service; full-service maintenance team; and indoor lap pool, hot tub, steam room and sauna; fully equipped fitness center; private wine storage in a beautifully detailed cellar; a large, private dining room; covered dog run; and two guest suites.
Top Chicago Condo Sales in April
There were a few other noteworthy sales last month as well. Let’s dive into a recap of the top five most expensive Chicago luxury condos to close in April:
676 N Kingsbury St, Unit PH608
Original list price: $4,125,625
Sold price: $3,897,381
This spectacular new construction penthouse is a one-of-a-kind urban oasis, stretching across 4,648 square feet with a massive private roof deck. No details were overlooked, and features include floor-to-ceiling windows and private elevator access. This new boutique building is slated to have it all, with sleek modern homes, large outdoor spaces, a 24-hour doorman, garage parking and more.
9 W Walton St, Units 1101
Original list price: $3.425 million
Sold price: $3,791,730
The most expensive sale at No. 9 Walton is a 3 bedroom, 3.1 bath, spanning 3,172 square feet on the building’s 10th floor. The building boasts 66 condos in all, with expertly crafted interiors, five-star services and amenities and more.
9 W Walton St, Unit 1001
Original list price: $3.295 million
Sold price: $3,781,181
Another 3 bedroom, 3.1 bath unit, this one also on the 10th floor and 3,172 square feet.
9 W Walton St, Unit 1203
Original list price: $3.365 million
Sold price: $3,708,728
This unit is clearly a winning floorplan—this is the third 3,172 square foot, 3-bedroom unit to sell during the month.
600 N Fairbanks Ct, Unit 3901
Original list price: $4.5 million
Sold price: $3.7 million
This unique, contemporary home boasts a remarkable design, filled with unsurpassed finishes and 300 degrees of extraordinary views captured through floor-to-ceiling windows. With 4,500 square feet on the building’s 39th floor, there are a number of distinct features for luxury living. A custom library is equipped with a number of specialized features for hobbies and entertainment: a specialized exhaust system that lets you light up a cigar indoors; complete soundproofing for cranking up music; and an entertainment system with 6 cable boxes, 15 television screens and the ability to make the room completely dark. The Poggenpohl kitchen features island seating for five, and a grand dining area is adjacent to one of three stunning covered terraces. And the third ensuite bedroom includes a high-end gym and spa. And the book-matched black walnut millwork is featured prominently throughout, balancing other design elements like glass curtains and terrazzo flooring.
For more details on the Chicago luxury condos that sold last month or to see what’s on the market now, contact me at (312) 498-5080 or email me at email@example.com.