July was another banner month for the latest darling on the Chicago luxury condo market: 9 W Walton. This new construction building has been wooing buyers for the last several months, often among the highest priced sales in the luxury market. In July, 9 W Walton took 3 of the top 5 spots for most expensive condos sold, which ranged from $4 million up to $4.8 million.
July was an especially interesting month is that, for the first time in a long time, we’re seeing the top sales go to “ultra luxury” properties, or those sold for more than $2 million. In July, 16 of the $1 million-plus sales surpassed into ultra luxury territory. Along with 9 W Walton, we also saw the top sale for July in the Palmolive Building, one of the city’s most iconic residential properties that has endured among luxury buyers for decades.
With that, here’s a closer look at the top Chicago condos that closed in July, in descending order:
159 E Walton Pl, Unit 23A
Original list price: $6.75 million
Sold price: $6.25 million
This month’s most expensive sale is a full-floor condo on the 23rd floor of the prestigious Palmolive building. Spanning 5,400 square feet with 4 bedrooms and 3.1 baths, this unit has been thoughtfully designed with exquisite appointments in each and every detail. Features of this unit include a library, an elevator that opens to a private foyer, gracious formal rooms, hardwood floors, a timeless Varenna Island kitchen, Miele, Subzero and Wolf appliances and a butler’s pantry. The corner master suite includes a decadent limestone bath with heated floors, rain shower and body sprays and a soaking tub that overlooks the lake. Additional details include motorized shades, designer drapery, a handsome paneled library, wet bar, wine cooler, and two car garage. The Palmolive Building is a world-class, full-service, full-amenity high-rise in the Gold Coast with a long list of resident benefits: a 24-hour door staff, concierge, luxe party room with catering kitchen, fully equipped fitness room, spa with steam, sauna and hot tub, a weekly car wash and more.
9 W Walton, Unit 2001
Original list price: $4.825 million
Sold price: $4.8 million
We’ve seen 9 W Walton in just about every top sales report over the last several months, and it’s easy to see why. Billed as the newest and finest building in the Gold Cost, the 66 homes in this new construction building have been expertly crafted at every corner, including expertly crafted materials, high ceilings, custom tailored floor plans, and private, expansive terraces. The building’s amenities include five-star services and amenities that include a motor court with valet, indoor spa pool, exercise studio wine tasting room and private dining. This unit is on the 18th floor, spanning 4,278 square feet with 4 bedrooms, 4.1 baths.
800 N Michigan Ave
Original list price: $4.995 million
Sold price: $4.67 million
This unit in Park Tower is luxury living at its finest. Located on the Magnificent Mile, this Chicago condo sits high on the building’s 52nd floor, with 4,200 square feet and 3 bedrooms, 3.1 baths. Spectacular east, north and west views can be enjoyed from the interior, while an east-facing terrace looks out onto Lake Michigan. This unit is in pristine condition, with an open floor plan and two included garage spaces.
9 W Walton, Unit 1702
Original list price: $4.3 million
Sold price: $4,611,596
Another unit sold for 9 W Walton, this one a 3-bedroom unit spanning 3,693 square feet on the 16th floor.
9 W Walton St, Unit 1703
Original list price: $4.3 million
Sold price: $4.475 million
Another sale for 9 W Walton, this one a 3,665 square foot 4 bedroom, 4.1 bath unit on the 17th floor.
800 N Michigan Ave, Unit 4201
Original list price: $4.5 million
Sold price: $4.25 million
This Chicago condo is a gem in the prestigious park tower. The 3 bedroom, 2.1 bath spans 4,200 square feet and was originally purchased as a raw space, then designed and built with the highest caliber materials. The property includes a paneled den/library, rare hardwood flooring, a grand foyer that leads to a large living room, oversized fireplace and hidden television and a gorgeous eat-in kitchen. The custom features include abundant woodwork, such as stunning cabinetry and built-ins everywhere with custom hardware. You’ll also find a dream master suite with large sitting room and multiple closets, plus a beautiful solarium/family room—both spaces offer access to the condo’s two terraces. Each terrace offers unmatched east views and provide ample outdoor space. The condo also includes a garage space and large storage space, two features that are often hard to come by in condo living. Park Tower is a highly regarded, 5-star luxury building in Chicago, offering the ultimate luxury lifestyle in the best downtown location. The residents-only club that includes a fitness center, indoor pool and hotel services from the adjacent Park Hyatt Hotel.
If you’re interested in learning more about 9 W Walton, be sure to give me a call. I can’t stress to buyers enough the importance of having an agent representing you in new construction purchases, versus going blindly into the developer’s sales office. Having an agent representing you can help you walk through difference nuances of the building, make considerations for resale value and of course, negotiate the best deal. Contact me at (312) 498-5080 or email me at [email protected]