Did $9 million seem a little bit steep for this 4BD, 3.5BA palace in the sky? Apparently it was. Earlier this month, citing "people familiar with the transaction," Crain's reported that the mystery buyer agreed to pay more than $9 million for the Gold Coast condo. That turned out to be false. (Those sources must not have been so familiar with the transaction after all). Today, the Tribune reports that the new owners closed on the 66th-floor penthouse for $7.2 million — about $2.75M below the list price. It's still the top condo sale in Chicago for 2011, though.
· Chicago's highest condo sale price in 2011: $7.2M [Trib]
· Gold Coast unit slated to sell for more than $9 million [Chicago Real Estate Daily]