Parisian-style Gold Coast condo seeks $6.3M

A Gold Coast condo has cut its initial asking price by nearly 10 percent.

Now priced at $6.3, the 7,500-square-foot condo in the Parisian-style building was first listed at $6.9 million in September 2020.

The Lucien Lagrange-designed building was completed in 2001. It has a 24-hour doorman and is one block from Lake Shore Drive and Lake Michigan. The four-bedroom, six-bathroom condo includes a private entrance, a 1,000-square-foot outdoor terrace, a library, and a 1,000-square-foot home gym.

Laura Rubin Dresner (LinkedIn)

Public records only reveal that the condo’s ownership is held by an LLC. Laura Rubin Dresner, the Baird & Warner agent representing the listing, declined to comment.

The home is one of about 40 publicly listed at or over $6 million in the city of Chicago. The Gold Coast, long known as a center of wealth in the city, has been home to some of its priciest listings.

In July, a mansion in the neighborhood sold for $7 million — a sizeable sale price for the city — but almost half the asking price when it was listed two years prior.

The 10,000-square-foot Beaux-Arts style mansion at 15 West Burton Place asked $13.5 million when it was placed on the market two years ago, a price reduced to $10 million in June.

Also in July, a Gold Coast mansion that was once home to NBA star Dwyane Wade sold for $5.8 million, which was the 38th Chicago-area home to top $5 million at the time.

Ken Griffin, the CEO of Citadel who announced his company’s departure from Chicago, owns several high-priced condos across the city, but his most recent legal address was at a full-floor unit on the 37th floor of the Waldorf Astoria in the Gold Coast that he paid $13.3 million for in 2014.

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