Chicago
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)
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Feb 7, 2023, 2:40 PM
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