Park Tower, now home of the most expensive Chicago condo sale to date. (image from flickr/chascarper)
Last week we took a closer look at luxury Chicago real estate sales for detached homes in 2011, which totaled more than $350 million with more than 200 homes sold. Here, I want to dig deeper into the top 20 sales for Chicago luxury condos in 2011—in this statistic, luxury condos range in price from $1 million all the way up to $7.2 million. Looking at previous home and condo sales is a crucial tactic for those looking to buy Chicago real estate now, or even in the coming year. These numbers give buyers an insight as to what types of homes are moving on the market, as well as what type will fit into your budget. Be sure to contact me for more information on any of these properties, including size, interior photo shots, location, and other important details that will provide you with the intelligence you need to understand the Chicago luxury market inside and out. I’d be happy to personally provide photos and guide you through these sales to give you an understanding of different buildings, amenities and new construction properties available in the Chicago condo market. The most popular top-tier luxury building in this set was The Elysian at 11 E Walton in the Gold Coast. Five of the top 20 buildings were sold here, with each sale over $3 million. Not far behind was Park Tower at 800 Michigan Avenue, with 4 out of the top 20 sales, each over $3 million as well. There are a few unique, key features you’ll find among these top properties that make them desirable to luxury buyers—from iconic buildings designed by Chicago’s most noteworthy architects like Lucien Lagrange and Benjamin Marshall, to unbeatable views of the city and Lake Michigan, to the best in amenities and concierge services.
Top Luxury Condos Sold in 2011
And now, a closer look at why these properties made the top 20 list of most expensive luxury Chicago condos sold in 2011, in descending order:
The Four Seasons Building at 132 E Delaware.
1. 132 E Delaware Place Unit 6602 Original list price: $9.950 million Sold price: $7.2 million The most expensive Chicago luxury condo sold in 2011 is a penthouse level 4-bedroom in the Four Seasons Hotel building, with extraordinary views, 11-foot ceilings, mahogany paneling, and smart home technology. Its location in the Four Seasons Building brings access to the hotel’s spa, health club and room service offerings. 2. 65 E Goethe Unit 8N Original list price: $5 million Sold price: $6.7 million This property was a nearly 5,000 square foot raw space found on the penthouse level of the Lucien Lagrange-designed building. The buyer will be able to build a custom home overlooking views of Lake Michigan and the Astor Street Historical District. 3. 159 E Walton Pl Unit 32A Original list price: $6.7 million Sold price: $6.35 million The iconic Palmolive Building is one of Chicago’s most elegant places to live, and this full-floor 3-bedroom Chicago condo exemplifies its status perfectly. With a state-of-the-art custom kitchen, views in four directions, enormous storage and panache down to the finest detail, this unit is in a class of its own. 4. 11 E Walton St Unit 4600 Original list price: $6.7 million Sold price: $5.05 million In the Gold Coast’s The Elysian, also designed by Lucien Lagrange, this property is a full-floor residence, offering generous space for living and entertaining over 7400 square feet. The property was sold as a raw space for the buyer to customize with 365-degree lake and skyline views. Plus, the condo’s location in The Elysian means residents can access hotel amenities like 24-hour room service, concierge services, a 14,000-square foot spa, valet parking and two of they city’s finest restaurants.
Photo from the Elysian Residences
5. 800 N Michigan Ave Unit 4801 Original list price: $4.775 million Sold price: $4.05 million Found in the premier Park Tower building on Michigan Avenue, this unit pays meticulous attention to design and architectural details over one half floor of the building’s 48th floor.
Lucien Lagrange's Park Tower (from flickr/chascarper)
6. 11 E Walton St Unit 4802 Original list price: $4.125 million Sold price: $3.83 million Also located in The Elysian building in Chicago’s Gold Coast neighborhood. Residents of The Elysian can enjoy the hotel’s amenities, from its world-class spa to concierge and room services. 7. 840 N Lake Shore Dr Unit 1701 Original list price: $4.5 million Sold price: $3.695 million Located on the glamourous Lake Shore Drive, this unit features exquisite details like custom finishes, millwork, a cook’s custom kitchen and unobstructed, panoramic lake and city views. 8. 1448 N Lake Shore Dr Unit 12AB Original list price: $4 million Sold price: $3.675 million Spanning an ample 7300 square feet, this two-level Gold Coast condo boasts 104 feet of lakefront and city views, plus a private elevator entry, catering kitchen, wine cellar and exquisite master suite. 9. 219 E Lake Shore Dr Unit 12CD Original list price: $3.995 million Sold price: $3.575 million A 12th-floor penthouse overlooking Lake Michigan, Oak Street Beach and the city’s skyline, this unit’s outdoor terraces and intimate balconies help bring the outdoors in. 10. 180 E Pearson St Unit 5204 Original list price: $3.9 million Sold price: $3.375 million This Water Tower duplex was combined to create 5500 square feet of entertaining and family space, with shoreline views in every room. This unit also features access to all the amenities of the neighboring Ritz Hotel and Carlton Club. 11. 800 N Michigan Ave Unit 4701 Original list price: $4.5 million Sold price: $3.250 million Another beauty in the iconic Park Tower, this customized Chicago condo has unobstructed lake views, custom details and finishes and access to the 5-star amenities of the Park Hyatt Hotel. 12. 50 E Chestnut Unit 2101 Original list price: $3.5 million Sold price: $3.225 million This building features just one residence per floor, with this 3-bedroom on the 21st floor—featuring two terraces, an upgraded kitchen, Wolf and Subzero appliances, oak floors and custom built-ins. 13. 11 E Walton St Unit 4501 Original list price: $3.499 million Sold price: $3.2 million This Chicago luxury condo in The Elysian is a lavish space with 10-foot ceilings, huge room sizes, two terraces, sweeping views and hotel services like 24-hour room service and fine dining. 14. 840 N Lake Shore Dr Unit 1901 Original list price: $3.995 million Sold price: $3.2 million This 4-bedroom condo in Streeterville features a great floor plan, Clive Christian kitchen with custom cabinetry and stainless steel appliances and an exquisite master suite. 15. 11 E Walton St Unit 3502 Original list price:$3.55 million Sold price: $3.2 million Another Elysian property offering full hotel amenities and services, plus 4,000 square feet of space, 10-foot ceilings, Lake Michigan views and a large open space for living and entertaining. 16. 800 N Michigan Ave Unit 4601 Original list price: $4.5 million Sold price: $3.2 million Filling out the full front half of the Park Hyatt building, this unit encompasses entire east views from north to south, one of two such condos in this Michigan Avenue building. 17. 1430 N Lake Shore Dr Unit 17 Original list price: $3.450 million Sold price: $3.2 million A full-floor co-op unit that recently underwent a total renovation to include hardwood floors, smart home technology and custom millwork. 18. 800 N Michigan Avenue Unit 5301 Original list price: $$4.975 million Sold price: $3.175 million A corner unit like this in Park Tower doesn’t come around often, as such a property is coveted for its incredible views. 19. 11 E Walton St Unit 4401 Original list price: $3.4 million Sold price: $3.1625 million This Elysian unit offers large room sizes, 10-foot ceilings, 2 terraces, sweeping views and the finest appliances and cabinetry. 20. 11 E Walton St Unit 4502 Original list price: $3.499 million Sold price: $3.15 million Great views prevail again in this 45th-floor condo in The Elysian, plus 10-foot ceilings, two terraces, custom millwork and custom drapes and closets. For today’s Chicago real estate buyers (or even those considering a purchase this year), be sure to contact me for more details on these properties. Together, we can look at the market value of different types of Chicago condos and buildings and help you find what you’re looking for within you budget. Contact me at (312) 498-5080 or by email at email@example.com.