Iconic Building Week: A 3-Bedroom Penthouse in Lake Point Tower: 505 N. Lake Shore Drive

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Some of you guessed what building would finish out this week of iconic Chicago high rises.

Could it be anything other than Lake Point Tower?

Lake Point Tower was built in 1968 and has 700 units. (What WAS it about the 1960s? 3 out of the 5 buildings this week were built in the 1960s.)

This 3-bedroom penthouse on the 68th floor at 505 N. Lake Shore Drive in Streeterville came on the market in April 2016.

It has north, south and east views, including stunning views of the Lake.

The unit has a foyer and the living room has a wet bar.

The kitchen has stainless steel appliances and granite counter tops.

The master bedroom has a huge en suite bathroom with a walk-in spa shower that looks like it could hold several people and a whirlpool tub.

It has an in-unit washer/dryer and wall air conditioning units. 2 parking spaces are available for purchase.

They certainly built high rises with amenities in 1968. With nothing much located nearby, residents were going to need them.

Building offers 5-star amenities: 24 hour doorman & staff. Private 2.5 acre outdoor park designed by internationally renowned landscape architect Alfred Caldwell. Outdoor pool, grills & playground. Indoor pool, spa, fitness ctr, squash/racquetball/basketball court, Cite Restaurant, Lake Point Market, dry cleaner, business center.

Originally listed at $2.39 million, this unit has been reduced to $2.345 million.

With all the new luxury building construction over the past few years, does Lake Point Tower still have the cache it once did?

Cynthia Tobisch at Jameson Sotheby’s has the listing. See the pictures here.

Unit #6806: 3 bedrooms, 3.5 baths, 3600 square feet

  • I couldn’t find a prior sales price
  • Originally listed in April 2016 for $2.39 million
  • Reduced
  • Currently listed at $2.345 million
  • Assessments of $2623 a month (includes doorman, cable, exercise room, pool, exterior maintenance, lawn care, scavenger, snow removal)
  • Taxes of $27067
  • No central air- wall units
  • Washer/Dryer in the unit
  • 2 car parking available for purchase
  • Bedroom #1: 25×14
  • Bedroom #2: 15×12
  • Bedroom #3: 17×12
  • Library: 17×13

 

 

 

6 Responses to “Iconic Building Week: A 3-Bedroom Penthouse in Lake Point Tower: 505 N. Lake Shore Drive”

  1. So are these brass plumbing fixtures dated or on-trend…

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    Rating: +2 (from 4 votes)
  2. Those pictures are awful… and come on… at this price point just include the fricking parking… what a joke!

    fucking realtards

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    Rating: +7 (from 15 votes)
  3. Those views are amazing. I think this is the first time I’ve seen the interior of a unit here. The finishes need some updating. But seriously, the views in every direction make this place a very cool option for those with a couple million to spend.

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    Rating: +3 (from 5 votes)
  4. I have to say that I do like the space. And it’s way out of my budget but it would be a fun place to live. In my opinion the people who did the updating made some good decisions. Not exactly my style, but someone will take this place down soon.

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    Rating: +2 (from 6 votes)
  5. I used to live across the street at 474 N Lake Shore facing east. Seems you can get the same (or better) views for a hell of a lot less there.

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  6. I just looked at a unit in here last week, although not this one. The older buildings have space. It’s incredible how tiny new units are these days. I feel like the new trend is to have tiny apartments and then huge amenity spaces. Anyway, besides the space of the unit I looked at, the windows opened in a way I have never seen before. It was very cool and the lake breezes were incredible. You would not need to run the ac ever. Bad things about this building is you can’t park, for a few minutes, in the parking circle ever. They immediately take your key and give it to the valet. No grace period, 1-20 minutes is $8. And I don’t think there is a store anymore. I think the realtor told me it closed but maybe he meant it was closed when I was there. And there is no stepping out your front door and walking to a bar or restaurant, everything is far away.

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    Rating: +10 (from 12 votes)

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