When we checked in on Chicago condo sales at the close of September, the final quarter of 2017 was looking a bit unpredictable. The month saw relatively soft sales of high-end properties, but sales seemed to resume in October— and not move into the typical winter/holiday slump that November and December usually bring.
But, November proved to be a strong month as well for luxury Chicago condos. Total sales for the month topped $79 million, and nine of the properties sold were over the $2 million mark.
We also saw two continued trends among the month’s top condo sales. As usual, every condo sold in this category boasted generous square footage—the largest one being a 6,100 square foot gem that sold for cash. And, cash remains king for purchasing luxury real estate in Chicago, as buyers who can do so can usually get a considerable amount of money off the listing price.
With that, here’s a more detailed look at the top five most expensive Chicago condos to sell in November, in descending order:
189 E Lake Shore Dr, Unit 10
Original list price: $5.2 million
Sold price: $4.3 million
The month’s most expensive sale was also the most expansive—a whopping 6,100 square feet. A rare opportunity on East Lake Shore Drive, this 5 bedroom/4.1 bath condo is a full-floor unit with an amazien layout that includes an open living room, den and office with stunning views of Oak Street Beach and Chicago’s stunning lakefront. A large, private south-facing terrace brings in plenty of sun and breath-taking views come from all bedrooms. Other features include a deluxe, eat-in kitchen with attached breakfast area, separate family room, and 3-car indoor garage parking. This premier, full-service building includes a 24-hour doorman, exercise room and more.
77 E Walton St, Unit 27F
Original list price: $3.4 million
Sold price: $3.2725 million
This 3 bedroom/3.1 bath property is a stunning Gold Coast condo in the Residences at 900. It’s 3,486 square feet have been meticulously remodeled with thoughtful room design and the finest finishes. The unbelievable master suite includes a 13-by-12-foot organized closet, a master bath with heated floors, custom lighting and vanities, handcrafted tub and an oversized shower. The state-of-the-art home automation system controls sound, lighting, climate and windows. Building amenities include a 10th floor roof garden, private, on-site concierge, 24-hour door person, valet parking and bike storage. Residents here have access to the Four Seasons hotel amenities, like room service, spa treatments, exercise facility and more.
1340 N State Parkway, Unit 3S
Original list price: $3.25 million
Sold price: $3.25 million
A recent renovation made this half-floor Playboy Chicago condo a turnkey home, with 4,300 square feet and 4 bedrooms/4.1 baths. The unit boasts a large private terrace, plus sun-filled rooms from 23 huge windows in all directions. The building itself has just seven residences in the Gold Coast, on a quiet, tree-lined street that is within walking distance to Lake Michigan, Lincoln Park and the Magnificent Mile. Other rooms include a living room, separate dining room, informal family room, eat-it kitchen, separate home office and an attached two-car garage.
50 E Chestnut St, Unit 501
Original list price: $3.295 million
Sold price: $3.175 million
Located in a premiere deluxe building one block off of Michigan Avenue, this one-of-a-kind home spans 3,904 square feet on the building’s 5th floor. Inside, you’ll find a stunning interior with designer finishes throughout; outside is a huge wrap-around terrace with space for a dog run, putting area and alfresco dining, plus additional outdoor space. There’s also a deluxe eat-it kitchen with Wolf, Sub-Zero and other high-end appliances. Plus, this property’s Gold Coast location is ideal for walking to shops, dining, the beach and much more.
180 E Pearson St, Unit 3805
Original list price: $3.425 million
Sold price: $3 million
This 3 bedroom/4 bath unit in one of Chicago’s top luxury buildings boasts 3,400 square feet on the 28th floor. The unit has been completely renovated, designed and decorated by a world-class designer to include luxury materials and finishes and meticulous attention to detail. Features include wide-plank black walnut flooring, sweeping views of the lake and city and a well thought-out floorplan that includes custom cabinetry, millwork and window treatments. The kitchen and baths have the finest fixtures and finishes, while the master suite hosts a separate sitting room/office/bedroom chamber with his-and-her baths and abundant storage. Residents here can also enjoy the superb service and discounted amenities of the Ritz-Carlton Club and Spa.
While this is just a snippet of last month’s sales, t’s a great idea for prospective buyers to take a look at what Chicago condos have recently sold, and see how sale prices line up with the location, space, features and amenities on their own wish list. Particularly for luxury condos, it’s a good idea to understand some of the most coveted features of upscale homes and what those features mean for a sale price. Doing this research will help you understand what you might find when you’re ready to hit the market as a buyer yourself.
For more information 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.