Palmolive Art Deco Masterpiece Back to 2013 Price at $6.75 Million: 159 E. Walton Place in
This 3-bedroom full floor unit in the Palmolive Building at 159 E. Walton Place in Streeterville (Gold Coast?) came on the market in September 2025.
Built in 1929, the Palmolive was originally the headquarters of Hugh Hefner’s Playboy empire. It was converted into 99 luxury condos in 2006.
It has attached valet garage parking and 24/7 door staff, an on-site manager, an exercise room, party room and bike room. There’s no pool.
The listing calls this an “art deco masterpiece” with “no details overlooked.”
The unit has had a full-floor renovation by Liederbach & Graham Architects, designed by Steven Gambrel.
The primary walk-in-closet has been featured in Architectural Digest.
It has a private elevator foyer which leads into the unit.
It has French Oak Parquet de Versailles floors throughout the main living areas.
The unit has 3 fireplaces and one includes an opal glass fireplace mantel.
The listing says it has “stunning millwork” and built-in bookcases.
In its 5500 square feet, it has 3 bedrooms, a sitting room plus library with adjacent office, a family room, and separate dining room.
The kitchen has white and salmon (?) custom cabinets and showcases an Officine Gullo Range complimented by Subzero and Miele appliances with an expansive eat-in dining table and bench overlooking Lake Michigan and Oak Street Beach as well as a kitchen island.
The primary bathroom has Calacatta and Belgium black marble.
The unit has the features buyers look for including central air, washer/dryer in the unit, and there are FOUR parking space included with the option to buy two more.
The Palmolive is near Michigan Avenue, Oak Street Beach, the shops and restaurants on Oak Street and in Streeterville and the Gold Coast. Multiple bus lines are steps away.
The unit was first listed in July 2020 for $10.9 million and has been on, and off, the market since.
It has now come back on in September 2025 reduced to $6.75 million, which is the same price it last sold for in 2013.
Is this a deal?
Ken Jungwirth at @properties Christie’s has the listing. See the pictures here. (sorry, no floor plan)
Unit #31A: 3 bedrooms, 3.5 baths, 5500 square feet
- Sold in October 2006 for $5.84 million
- Sold in December 2013 for $6.75 million
- Originally listed in July 2020 for $10.9 million
- Reduced and on and off the market
- Listed in September 2023 for $7.5 million
- Withdrawn in July 2024
- Currently listed in September 2025 for $6.75 million
- Assessments of $8,865 a month (includes doorman, exercise room, exterior maintenance, lawn care, scavenger, snow removal, onsite manager, party room, bike room)
- Taxes of $70,985
- Central Air
- Washer/dryer in the unit
- 4 garage spots included (2 more available for extra)
- 3 fireplaces
- Full floor unit
- Bedroom #1: 20×16
- Bedroom #2: 14×13
- Bedroom #3: 15×12
- Kitchen: 20×18
- Foyer: 12×8
- Den: 18×14
- Sitting room: 14×13
- Family room: 19×15
- Dining room: 19×15
- Living room: 32×15
- Walk-in-closet: 17×14
- Laundry: 9×8











