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Real Estate News

June 6, 2012

Oprah Winfrey Slices Price of Luxe Chicago Condo She Never Lived In

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Source: showbiz411.com

She must really want it sold.

Otherwise, why would media mogul Oprah Winfrey slash the price for her stunning 4,600-square-foot Chicago condo?

Winfrey has re-listed the 3-bedroom, 4-bathroom co-op at 199 E. Lakeshore Drive for $2.8 million, which is exactly half of the $5.6 million she paid for the place in 2006.

According to the Chicago Tribune, which reported the news Wednesday, Oprah spends most of her time at her palatial digs in California and Hawaii since leaving her show last year. She still owns a duplex nearby in Chicago's coveted Gold Coast real estate market, but has apparently ramped up efforts to divest of the condo she bought in 2006 but never moved into.

After trying to sell the condo in 2008, Winfrey had it listed as a rental for $15,000 a month. According to the Tribune, the pressure is on to finally get the elegant abode sold.

The unit that Winfrey is trying to sell is one of 13 apartments in a Beaux-Arts-style building that was built in 1913 and designed by architect Benjamin Marshall. It has three full baths, two half baths, 10-foot ceilings, two fireplaces, an inner foyer, a library, a solarium, a formal dining room, a butler's pantry, a wine room, a custom eat-in kitchen, a 1,241-square-foot master bedroom with his and hers bathrooms and an en-suite guest bedroom.

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