Your Penthouse Hot Tub Overlooking The City Lights Still Awaits in the Gold Coast: 221 E. Walton
We last chattered about this unique 3-bedroom penthouse at 221 E. Walton in the Gold Coast in November 2011.
See our November 2011 chatter here.
Many of loved the unit with its 18 foot wall of windows overlooking Lake Michigan. But you felt that the layout limited the number of buyers and that it would need some updating.
Listed at that time at $1.399 million, some of you guessed that it would sell around $1 million to $1.1 million.
10 months later, the penthouse is still available and is still listed at $1.399 million.
If you recall, the unit has dentil and crown molding as well as custom built-ins.
2 of the three bedrooms are on the second floor with the third on the main level. From the floorplan, it appears that the master bedroom is the room open to the living room and that the second bedroom has been turned into a master bedroom closet.
The kitchen has stainless steel appliances and granite counter tops.
The unit also has 12 skylights.
You also get outdoor space, and city views, from the third floor terrace. How many other Gold Coast penthouses have their own private hot tub?
It has washer/dryer in the unit and deeded parking (with a second space available for $50,000) but it looks like no central air. It is wall unit cooling. The building was constructed in 1981.
What will it take to sell this property in 2012?
Eudice Fogel at Prudential Rubloff still has the listing. See the pictures and the floorplan here.
Unit #20PE: 3 bedrooms, 2 baths, 2355 square feet
- Sold in May 2001 for $1.375 million
- Sold in September 2002 for $1.2 million
- Originally listed in March 2011 for $1.499 million
- Reduced
- Was listed in November 2011 at $1.399 million (includes one parking space)
- Currently still listed at $1.399 million (includes one parking space)
- Assessments of $1471 a month (includes doorman, cable)
- Taxes now $7295 (they were $6821 in November 2011)
- Wall unit air conditioning
- In-unit washer/dryer
- Can purchase second parking space for $50,000
- Bedroom #1: 18×17 (second floor)
- Bedroom #2: 20×12 (second floor)
- Bedroom #3: 13×12 (main floor)
Super Cheap Taxes
Penthouse is matthewlesko’s favorite magazine!
See this is how you take pictures of a place, they showed everything the best that they could. Which is what I would want my realtard to do if I was selling my place.
I’d really prefer to see more ornate toilets and flat screens in a property like this to match the rest of the decor! Anyway, not my style, but nice location and size and finish quality if this kind of place is your bag.
JJJ: I think this place is too close to Cheesecake and/or too far from Grand Luxe to suit the man in the riddler sport coat.
Impressed that they were allowed to put a hot tub on that terrace. Talk about potential water issues.
Hot tub problems are generally about weight, not water. After all, as you may have noticed this morning, sometimes it rains in Chicago.
yeah that fiberglas is heavy
Can’t tell if stupid or just not funny.
I mean…. clearly you have money – but GOOD GOD MAN, hire an interior decorator!!
Nice space tho. Dig the Jacuzzi. I wonder if these folks ever get tired of looking at the lake. Seems like it would get pretty boring, esp. in the winter when it gets dark at 5p… just a giant black abyss out all of your penthouse windows.
I’ll guess at some point they’ll get a cash offer and it will move at $1M…. that’s what happens on Million Dollar Listings NY/LA………
should be “fiberglass,” momentarily confused with trademarked Plexiglas, sorry
Its not the spilling water or weight of the tub that is the issue; its the weight of the water in the tub. 100 gallons of water at ~8.3lbs/gal is a lot of weight. Add in a thousand lbs worth of people and you have a ton (literally) of weight in a very small area.
Great unit, though it’s a bit hard to look past the awful decor. Love the low tax and assessment too. Wall-unit AC is a minus, but not a huge issue. And the extra money for a parking space. At $1 million, I’d say this is a great deal. I know they’re asking more, but even at the price they’re asking I’m surprised it hasn’t sold yet.
“100 gallons of water at ~8.3lbs/gal is a lot of weight.”
And a 4-person tub (like that one looks to be) is more like 1000+ liters, and the setup weighing 500 lbs, more or less, it’s more like 1.5 tons all the time.
was thinking maybe senior freeze on the taxes. Nope, just assessed at under $500k. That’s criminal.
The wall ac are heat pumps, which means expensive, and noisy, heat (electric coils when the temp goes below freezing).
At least it’s an actual penthouse. I swear it’s less than 5% of listings that call themselves penthouses that are actually units “built on the roof”.
But now I understand it’s all just a ploy to attract Lesko.
“The wall ac are heat pumps”
Can’t fathom putting up with that in this pricerange. Or even for 1/3 of this price. Hate those things. . .
I have a friend who has those, they are a major pita, especially with glass areas like these – her place was always cold and hard to heat (similar vintage and glass areas). And this place is even more exposed.
Wow. This place is cool. I really like that sunroom with the glass ceiling. Looks like a really classy Wendy’s.