When we talk about luxury real estate, it’s often about the price tag–properties priced at $1 million and above. But true luxury homes are all about the details that set them apart from anything else on the market.
The most expensive home sales in May are a great example of going above and beyond simple “high-end,” with features, amenities and details that deliver the elegance and panache associated with true “luxury.” Ranging from over $3 million all the way up to $4.4 million, these single-family Chicago luxury homes certainly stand out form the 51 $1-million-plus homes that sold in May.
And as we often see, the top properties sold were in Chicago’s best neighborhoods–6 of the 7 were in Lincoln Park, and one in the Gold Coast.
Here’s a closer look at why these home demanded the prices that they sold for, in ascending order:
2130 N Seminary Ave
Original list price: $3.2 million
Sold price: $3,022,500
This new construction Chicago home was just completed by Envrions Development. With 6 bedrooms, 5.5 baths, the home is more than 5,000 square feet of stunning space, from the striking limestone facade to to the generous living areas inside. Features include an elevator, a stunning kitchen, a two-tiered deck and a heated 2-car garage. The luxurious master suit and two en-suite bedrooms occupy the second level, and a top-floor penthouse room boasts a wet bar, roof deck and guest suite.
3830 N Wayne Ave
Original list price: $3.3 million
Sold price: $3.1 million
A custom new home on the best street of the Southport corridor, this Lincoln Park property is in the highly coveted Blaine School District. Exquisite finishes are found in every room and amenity; the home high ceilings, a large butler’s pantry and a great room that opens to a large backyard/terrace. The master suite opens up to a rooftop deck with hot tub. Details like 5″ walnut floors, 2 laundry rooms and heated driveway and sidewalks take things up a notch.
1255 W Draper St
Original list price: $3.2 million
Sold price: $3.2 million
Located on a quiet cul-de-sac in Lincoln Park, this 6,100-square-foot home was custom built on a 110-foot-wide lot. Exceptional finishes throughout, a large, light-filled cook’s kitchen and 3-foot-wide sport court are just a few extraordinary features found in this Chicago home. The space also includes five bedrooms, a craft room, exercise room, an attached heated garage and wonderful outdoor space.
2726 N Mildred St
Original list price: $3.395 million
Sold price: $3.25 million
This masonry home was built on an oversized lot and designed to blend old-world details with contemporary style for the ultimate in function and grandeur. Featuring custom millwork, 10.5-foot ceilings, a deluxe security system and 5-stop pass elevator, this 7-bedroom Lincoln Park property has all the details that make a property truly luxury.
56 E Bellevue Pl
Original list price: $3.95 million
Sold price: $3.525 million
Built in 1888, this Classic Potter Palmer home was recently updated to add all the modern conveniences of luxury living but retain the Romanesque style of its era. Spanning 7,500 square feet, this greystone home is on an extra-wide lot in an unbeatable location between Lake Shore Drive and Rush in the Gold Coast. Features include high-end appliances, double ovens and granite countertops in the kitchen, custom floor-to-ceiling built-ins, five en-suite bedrooms, 4 fireplaces, and a large deck that is perfect for hosting and entertaining.
433 W Webster St
Original list price: $3,875,000
Sold price: $3,787,500
Also found in Lincoln Park, this home sold before the listing sheet made it off the printer. This property is a combination of two row houses into a single-family home that includes two rental units on the first floor. A recent renovation brought spectacular light and space, with a master suite and spa bath, lofted office, and workout space. A 600-square-foot coach house with full bath is also on the property.
1872 N Howe St
Original list price: $4.2 million
Sold price: $4,373,242
The priciest Chicago home sale in May, this Lincoln Park stunner was also sold before the listing sheet was printed. A new construction property with 7,100+ square feet, this stately home boasts seven bedrooms, 9 bathrooms and an extra-wide floor plan. The focal point of the interior is a dramatic, 11-foot-diameter circular staircase that ascends from the lower level to the fourth floor roof decks. The entire second floor is dedicated to the master suite.
For buyers who are in the market for a Chicago luxury home, it’s very important to take a look at the prior month’s sales to make sense of what properties are selling for and how those features, amenities and details play into the final sales price. This will give you a better understanding as a buyer of what’s happening on the market and help you plan your own purchase with your own needs, wants and budget.
To learn more about the single-family homes that swept the Chicago market in May or to discuss your own real estate purchase, contact me at (312) 498-5080 or email me at [email protected]