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More Than $1 Million Lopped Off Gold Coast Co-op

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Was: $6.9 million
Now: $5.75 million
You Save: $1.15 million

Sales of million-dollar homes are on the rise in Chicago, but they still aren't anywhere near the boom years. It can still be pretty tough to unload a super high-end home in the city, as evidenced by the healthy price chop on this Gold Coast co-op. The place was styled by interior designer Jessica Lagrange (wife of Lucien), and it enjoys four unobstructed exposures, according to the listing, but that hasn't been enough to lure a buyer. The 5,882 square-foot, 4BD, 5.5BA home has been on the market for less than a year (280 days, according to the Redfin listing), and two reductions have brought the price down by more than $1 million, to its current price of $5.75 million. That's still a whopping $978 per square foot, which is what high-end new construction sells for in those parts.
· Listing 1500 N Lake Shore Dr Unit 22A [Prudential Rubloff]