Low floor, highest price: Private equity vet asks $17M for Gold Coast condo

Full-floor unit has seven bedrooms and more than eight bathrooms

Valor Equity Partners' Antonio Gracias and 65 East Goethe Street (Getty, Valor Equity Partners, Google Maps)
Valor Equity Partners' Antonio Gracias and 65 East Goethe Street (Getty, Valor Equity Partners, Google Maps)

A condo on a low floor carries the highest asking price in Chicago.

Antonio Gracias, founder and CEO of Valor Equity Partners, has listed the seven-bedroom, 12,435-square-foot full-floor condo in the building at 65 East Goethe Street for $16.8 million, the Chicago Tribune reported

Julie Harron with Jameson Sotheby’s is the listing agent for the property, which was acquired by Gracias and his wife, Sabrina, over a series of transactions that began more than 10 years ago.

Gracias and his wife, Sabrina, bought two units on the third floor for $8.35 million in 2012 and then paid $5.3 million for the third and final unit on the floor in 2015, costing the couple a combined $13.65 million on the full floor.

The condo has eight full bathrooms and three half baths as well as two kitchens, two home offices, a recreation room, home theater, wine room and a gym. The unit also comes with eight heated garage parking spaces.

If the property — which is currently listed in a real estate agents’ private listing network — sells for anything close to its asking price, it will rank among the most expensive home sales in Chicago’s history.

Only a handful of properties inside Chicago’s city limits sold for more than the $16.8 million asking.

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The 89th-floor penthouse of the Trump International Hotel & Tower sold for $17 million in 2004 and then again last year for $20 million to Bryan Cressey and his wife Iliana Sweis.

And a 34th-floor condo at 9 West Walton Street sold last year for $17.4 million to A. Steven Crown, a member of one of Chicago’s wealthiest families that also includes Keating Crown, a leader of development firm Sterling Bay.

Other condo sales in the city for more than $17 million include “Star Wars” creator George Lucas and his wife Mellody Hobson’s purchase of a 65th-floor penthouse at Park Tower for $18.75 million in 2015, Mexican billionaire German Larrea dropping $20.56 million on a 71st-floor duplex at the St. Regis last year, and hedge funder Ken Griffin’s combined $58.75 million purchase price for four separate units in 9 West Walton.

— Victoria Pruitt

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