A couple of weeks ago I posted on the sale of the top 2 floors of Vince Vaughn’s condo in the Palmolive Building for $8 MM. 9 days later he closed on the bottom floor for $4.1 MM vs. the list price of $4.2 MM.
This concludes what has been a 5 year ordeal for poor Vince. Based on the listing history on this property I’m guessing he put in around $25 MM to acquire and build out the tri-level condo on the 35th – 37th floors only to recover about half of that in the end. He might as well have just given me the $12 MM or so that he lost and I would have been his best friend for life.
Both transactions had the same listing agent but they had different buyer’s agents despite going under contract on the same day. The buyers must have been sitting on the sidelines waiting for the condo to be split up.
With this sale Vince, who grew up in Lake Forest, has severed his last ties to the area. He also sold a River North condo last year for $1.4 MM.
#VinceVaughn #FamousHomes #RichAndFamous #ChicagoExpensiveHomes
Gary Lucido is the President of Lucid Realty, the Chicago area’s full service discount real estate brokerage. If you want to keep up to date on the Chicago real estate market, get an insider’s view of the seamy underbelly of the real estate industry, or you just think he’s the next Kurt Vonnegut you can Subscribe to Getting Real by Email using the form below. Please be sure to verify your email address when you receive the verification notice.