Oprah's Condo at Water Tower Place To Hit The Market?
A recent article on Chicago Real Estate Daily reveals the possibility that television mogul and local Chicago celebrity Oprah may be putting her expansive condo at Water Tower Place on the market in favor of keeping a smaller in-town residence. While details about the condo itself, as well as the possible listing price, are still a bit sketchy, David Lee Matthews—the reporter who first broke the story, goes on to mention the 180 East Pearson condo, which is housed on the 56th floor, could range between 13,000-15,000 square feet and command a price somewhere between $9 million and $16.5 million.
Without property specifics on the size, finishes, and views, it’s hard to make an exact determination on what the property is worth or how it will be received; however, given this condominium residence is actually four condos combined into one, and the fact that it’s Oprah’s home, certainly makes for a unique and desirable situation.
While Oprah’s condo at Water Tower Place should be a hot commodity among luxury buyers in Chicago, those interested should be prepared for quite a tax bill each year, as annual taxes for the home are currently set at $91,206. So whether Oprah’s condo at Water Tower Place will come onto the market or not is still yet to be determined, however, should it eventually be listed, this will in fact make the second time Oprah has put property up for sale in the past couple years. Back in May of 2012, her vintage co-op was sold at 199 E. Lake Shore Drive for around half of what she paid for it before the housing crash that sent the market spiraling.
Stay tuned for more information about Oprah’s condo at Water Tower Place but if you’re interested in seeing what’s currently on the market at 180 E. Pearson, check out some of the listings below or click here now!