08. COLOGNY, GENEVA, SWITZERLAND Sold Price: Approx. $24,300,000
Listed By: Amélie Woitrin and Sacha Maître, SPG One Christie’s International Real Estate
This turnkey villa in the prestigious Swiss community of Cologny closed after just a month on the market. The quick sale highlights the continued strong demand in Geneva’s highly sought after neighborhoods, as the city’s reputation as a stable investment destination for international buyers remains strong. Buyers in this segment are prioritizing exclusivity and high-end amenities.
09. ALOHA LODGE, LAKESHORE DRIVE, LAKE GENEVA, WISCONSIN Sold Price: $21,850,000 Listed By: Brandie Malay Siavelis, @properties Christie’s International Real Estate Sold By: David Curry, Geneva Lakefront Realty A grand Lake Geneva mansion designed for Tracy and Anna Drake, prominent Chicago hoteliers of the early 20th century, and named in honor of their friend, the Hawaiian queen Lili’uokalani, closed in July, becoming the second priciest transaction ever on Lake Geneva, an upscale resort area 90 minutes north of Chicago. The original home was completed in 1901, but additions and renovations tripled its size to 10 bedrooms, approximately 16,000 square feet of living space and 368 feet of lake frontage. While the ultimate sales price did not threaten the Lake Geneva record of $36 million set during the height of the second-home buying frenzy in 2022, Aloha Lodge did manage to fetch a considerably higher price per acre than that property, reflecting the fit and finish of the home and the grounds’ meticulous landscaping.
10. 9 WEST WALTON, PH, CHICAGO, ILLINOIS Sold Price: $19,000,000 Listed By: Emily Sachs Wong, @properties Christie’s International Real Estate; Nancy Tassone, Jameson Sotheby’s International Realty Sold By: Katherine Malkin, Compass Billionaire hedge fund manager Ken Griffin sold two of the four units he owned at the top of No. 9 Walton, a luxury condo tower in downtown Chicago, to Illinois governor J.B. Pritzker this past fall. Griffin has been known to collect trophy properties, often at premium prices to the market, and he originally purchased these units, along with two others in the building, for $58.75 million, intending to build a massive penthouse. But when he relocated his company to Miami in 2022, he started offloading his significant Chicago real estate holdings, giving Pritzker and others the opportunity to buy at a significant discount. Despite struggles in the downtown mid-luxury condo market, the high end has been moving, albeit at below-peak pricing. Meanwhile, the single-family market in both the city and suburbs has seen a wave of uber-high-end listings and sales in recent months.
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