1927 Chicago Penthouse Designed by Rosario Candela Reduced to $17M (PHOTOS)

1927 Chicago Penthouse Designed by Rosario Candela Reduced to $17M

$17,000,000 | Built 1927 | 8,000 Sq. Ft. | 6 Beds | 6.5 Baths
1500 N Lake Shore Drive Unit Ph, Chicago, Illinois, United States, 60610
Available for the first time in 50 years, an elaborate penthouse in a building designed by architect Rosario Candela has been reduced to $17 million after listing in July for $24 million. Mansion Global revealed in July, “Known for his grand apartment buildings built primarily during the 1920s, Mr. Candela also designed the Brazilian Court Hotel in Palm Beach, Fla., as well as New York City’s 75 Central Park West, 740 Park Ave and 1040 Fifth Avenue.” Lake Shore Drive is believed to be his only commission in Chicago and one of the only outside of New York. Set atop one of the cities most iconic cooperatives, this one-of-a-kind residence encompasses the entire top floor, with unobstructed views in all directions, giving the feeling of an Italianate villa on Lake Como. Featuring rooms at a scale rarely seen, the floor plan features 8,000 square feet of interior space, direct elevator access into a grand formal entry, 6 bedrooms, 6.1 baths, a 40-foot long, walnut-panelled gallery hall with vaulted ceilings finished in a fresco theme, a living room with 20-foot tall original coffered ceilings, panelled bar, formal dining, library and multiple bonus rooms. 
Original bronze hardware, stone carvings, and hand-carved original doors are just some of the details that are present in the extraordinary residence. Take in the picturesque lake views from over 5,000 square feet of outdoor space inclusive of an east-facing, manicured yard replete with covered loggia, fountain, mature trees in a setting that would rival any in the country. With so many unique features, this home needs to be toured to truly understand not only its prominence in Chicago but its prominence as one of the most sophisticated apartments ever built. This unique penthouse residence is on the market for $17 million with Mark Icuss of Compass.