Oprah Lists Chicago Condo for $7.75 Million

The Water Tower Place building, where Oprah's condo is located on the 56th floor. Photo via JeremyA/Wikimedia Commons.

The Water Tower Place building, where Oprah’s condo is located on the 56th floor. Photo via JeremyA/Wikimedia Commons.

Oprah Winfrey is ready to unload one piece of her real estate portfolio, her condo in Chicago, which was just listed for $7.75 million. The duplex is located on the 56th floor of the Water Tower building, with sweeping views of the city and Lake Michigan. It’s 9,625 square feet, with four bedrooms and six baths. According to the listing, the unit is flooded with light, and features multiple living areas and two kitchens. There’s not just a master bedroom, there’s a master floor. In addition, there’s an exercise room, library, office and sitting room. It’s listed by Pamela Sage, from Baird & Warner.

According to Chicago Real Estate Daily, Winfrey paid about $3 million in three transactions in the early 1990s to combine four adjacent units in the building. It’s unclear if this unit is a combination of two units or all four. Regardless, the whole place is adorned with beautiful finishes and fabrics. The listing doesn’t provide interior photos, but to get a sense of what it looks like, you can check out this video from YoChicago showing a similar duplex in the building.

The homeowner’s association dues are $9,004 per month and include all of the amenities of a Ritz Carlton Hotel, including a health club, indoor pool, lobby/receiving room, doorman, security, concierge and room service. The building is located on the Magnificent Mile, and is part of a complex that includes the Water Tower Place mall, Ritz-Carlton hotel, and office space. At 74 stories, it a fixture of the Chicago skyline. There are currently ten other units for sale in the building, ranging in price from $1.225 to $2.25 million.

On Nov. 2, 2013, Oprah auctioned off furniture and decor from her home in Montecito, CA. The proceeds benefited  her leadership academy for girls in South Africa. She confessed in the March issue of O the Oprah Magazine that she was cleaning house to prepare for a major remodel of her home that will better reflect her personal style. The issue featured several “before” photos of the home; we’re hoping we’ll get to see the “after” pics soon! Oprah purchased the home for $19.95 million back in 1998, and it’s estimated to be worth about $85 million now. According to the listing, it sits on more than 40 acres of prime California real estate.

The lobby for condos at Water Place Tower, as seen in the listing for unit #4806

The lobby for condos at Water Tower Place, as seen in the listing for unit #4806

The view from unit #6202 in the Water Tower Place condo building.

The view from unit #6202 in the Water Tower Place condo building.

The view from unit #5706 in the Water Tower Place condo building.

The view from unit #5706 in the Water Tower Place condo building.

 

Discussion

  • Guest

    The less I emulate Oprah, the better.

  • http://www.securitygem.com/ SecurityGem

    I will never complain about the price of my HOA dues again.