Jun
04

Sky-High Home at a Sky-High Price

June 04, 2012

Sky-high Trump Tower

We could be in for a new Chicago real estate record.

The penthouse suite of Chicago’s Trump Tower, 401 N. Wabash, has hit the market with a whopping price tag of $32,000,000, and if it sells for just a bit over half that price, it will become the highest-priced Chicagoland real estate deal in history.

The house, which occupies the entire 89th floor, holds a record of its own: It’s the highest residence in the Western Hemisphere.

The 14,260-square-foot home in the sky features five bedrooms, seven full- and two-half bathrooms, an exercise room, a study and a theatre room, five fireplaces, 16-foot ceilings and floor-to-ceiling windows that display 360-degree views of the city and Lake Michigan.

the view

The spectacular view.

Amenities in the five-star, pet-friendly building include a 24-hour doorman, health club, party room, sundeck, sauna, steam room and an indoor pool.

If the home sells for just over half its asking price, it will set a record as the Chicago-area’s most expensive home sold. That record belongs to a north suburban Lake Bluff home that sold in 2007 for a measly $16 million.

Now, there’s another listing in the running for most-expensive Chicagoland real estate deal. Michael Jordan is selling his 56,000-square-foot Highland Park estate for $29 million. And, when Jordan competes, he usually wins. At least he did in the 90s. Of course, today’s real estate scene is a much different ballgame.

And, the Trump penthouse has an obligation Jordan’s single-family home doesn’t: Association fees of $12,150 a month.

Want to see the Trump listing anyway? Click here.

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