Gold Coast co-op with lake views and an Asian flair returns after price cut

The high-end downtown home has been on and off the market for three years

By Jay Koziarz Jan 2, 2018, 5:23pm CST

A spacious co-op with protected Lake Michigan views and several eye-catching gilded buddha statues has returned to the market with a new, lower asking price.

Sporting four bedrooms, four bathrooms, a library, grand entrance gallery, hardwood floors, and original moldings, the Gold Coast home is situated on the 10th floor of the 1919 Fugard & Knapp-designed building at 229 E. Lake Shore Drive.

The 3,500-square-foot residence first listed in 2015 for a cool $2 million and has taken a number of relatively modest price chops since. It returned the MLS this morning seeking $1.695 million plus a jaw-dropping $7,510 in monthly assessment costs. While being a co-op means property taxes are also included in the fees, the figure nevertheless seems astonishingly high.

Additional amenities in the 20-unit building include extra storage space, a shared landscaped patio, and an old-school manually operated elevator. The latter, perhaps, partly explains the stratospheric assessments.