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Pat Smarto

[email protected] +1(847) 338-3848

$ 4,195,000

Est. payment -/mo

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505 N Lake Shore Drive #7000 Chicago, IL 60611

4 Beds

5 Baths

4,700 SqFt

UPDATED:

Key Details

Property Type Residential

Sub Type Condo

Listing Status Active

Purchase Type For Sale

Square Footage 4,700 sqft

Price per Sqft $892

Subdivision Lake Point Tower

MLS Listing ID 10954752

Bedrooms 4

Full Baths 5

HOA Fees $2,000/mo

Year Built 1968

Annual Tax Amount $4,902

Tax Year 2019

Lot Dimensions COMMON

Property Sub-Type Condo

Property Description

Located on the 70th floor of Lake Point Tower, it is the most sought-after rooftop location in downtown Chicago. With spectacular 360-degree panoramic views of the Chicago's Skyline, Lake Michigan, The Chicago Harbor and Millennium Park.Bring your architect and imagination and make this one of a kind property (zoned for commercial and / or residential usage) to create... * A Grand Residential Penthouse * Executive Offices * Art Gallery / Photographer Studio * Private Museum * Medical Offices This extremely unique space also overlooks Navy Pier and provides a bird's eye view of the Chicago Summer Fireworks Display (May-September) and the Chicago Air and Water Show. The property is the "Crown Jewel" of Lake Point Tower Condominium, with Epic Views from the Chicago Landmark, Designed and built as private club for the residents of the Lake Point Tower, the space was initially intended to support an intimate lounge trade. The Space has been the home of Cite restaurant for decades, a coveted "bucket list" restaurant destination in Chicago. Cite was voted one of Chicago's 10 Best Romantic Places to dine by USA Today and voted - "Best Views in Chicago" - by OpenTable Diners 2019. The current interior (as a restaurant) is timeless. World-class interior designer Norman De Hann fashioned the restaurant using classic glamour interiors with high-end finishes of actual gold leaf throughout the restaurant, rare tiger wood at the bar and full slab marble in the foyer areas augmenting the rich, romantic ambiance and unmatched spectacular views. Lake Point Tower by itself is an architectural masterpiece and is coupled with amazing 360-degree panoramic views... Every seat at Cite Restaurant has a breathtaking view. This has been recognized by the media with a plethora of accolades on numerous occasions throughout the years. 505 North Lake Drive is located next to Navy Pier, prime Chicago location and is the Midwest's most popular leisure destination. In 2016, Navy Pier completed Phase 1 of an impressive re-imagination and redevelopment of this historical landmark in honor of its 100th anniversary. Dubbed the "Centennial Vision", this exciting project enhanced and improved public spaces, expanded year-round programming, and added more exciting entertainment and local restaurant options. Asking price includes 2,400 SF of commercial space that can be used as home office, wine storage, dry storage or just rent out for additional income. The available space and assorted storage are located on the 2nd floor of Lake Point Tower.

Location

State IL

County Cook

Area Chi - Near North Side

Rooms

Basement None

Primary Bedroom Level Main Level

Interior

Interior Features Bar-Wet

Heating Baseboard

Cooling Other

Exterior

Exterior Feature Outdoor Grill

Garage Spaces 1.0

Amenities Available Elevator(s), Exercise Room, Laundry, Elevator(s), Private Indoor Pool, Wheelchair Orientd

View Y/N true

Roof Type Other

Attached Garage Attached

Building

Dwelling Type Attached Single

Entry Level 70

Foundation Other

Sewer Other

Water Lake Michigan

Architectural Style Attached Single

Structure Type Frame,Other

New Construction No

Schools

School District 299

Others

Pets Allowed Yes

HOA Fee Include Security,Doorman,Exercise Facilities,Pool,Lawn Care,Snow Removal

Senior Community No

Ownership Condo

Special Listing Condition None

Pets Allowed Dogs OK

MRED as distributed by MLS GRID.

Listed by Herve F. Barbera

Pat Smarto

Managing Broker / Owner | License ID: 471.000052,

+1(847) 338-3848

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Fox Lake, IL

Pat Smarto

505 N Lake Shore Drive #7000 Chicago, IL 60611

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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505 N Lake Shore Drive #7000