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Vince Vaughn Finally Sells Mag Mile Penthouse In Priciest Sale Of 2016

By David Matthews | September 26, 2016 1:10pm
 Check out these pictures of Vince Vaughn's former high-rise home on North Michigan Avenue. 
Vince Vaughn's Mag Mile penthouse
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MAGNIFICENT MILE — Vince Vaughn has finally broken up with Chicago, selling his three-level Mag Mile penthouse for just more than he paid for it in 2006. 

The combined $12.1 million sale came after the actor split his high-priced listing in two. Though the price fell well short of the nearly $25 million Vaughn once wanted for his 12,000-square-foot flat, the home is still the most expensive sold so far this year in Chicago.

RELATED: The 25 Most Expensive Homes Sold in Chicago in 2016 (So Far)

Records show Vaughn sold a three-bedroom condominium near the top of the landmarked Palmolive Building, 159 E. Walton Place, on Friday for $4.1 million after selling the two floors above for $8 million earlier this month. 

Vaughn split the penthouse into two listings after cutting his asking price from $24.7 million down to $13.9 million over many years. 

"We had more people who said the [three-floor] space was a bit too much for them, and some people who want a full-floor condo but they don't want it to be so big," listing agent Katherine Malkin of Baird & Warner said in May. 

Vaughn, a Lake Forest native, paid $12 million for the penthouse in 2006. Back then, he was dating Jennifer Aniston and the couple was living in Chicago during filming for "The Break-Up," their rom-com set here. 

"For me personally — and I think most well-known actors who are together feel this way — I never enjoyed the paparazzi side of it," Vaughn told Playboy last year. "You like someone, and you’re spending time with them; that’s separate and that was all fine. But I really spent most of that time finding ways not to be drawn into the attention."

The two-floor penthouse that sold for $8 million has three bedrooms, three terraces with nearly panoramic views and spacious wood-paneled rooms, including a theater and billiards hall.

The 35th-floor condo below that sold for $4.1 million was being marketed for a total renovation by a new owner. 

Built in 1929, the Palmolive Building is known for its art deco design and distinctive beacon that shines onto Lake Michigan at night. The tower was known as the Playboy Building for decades while the magazine occupied it. A developer bought the tower in 2001 and converted it to luxury condominiums. 

The combined $12.1 million price is the highest so far in Chicago this year, beating out a full-floor penthouse at the Waldorf Astoria, 11 E. Walton St., that sold for $11.7 million in July. 

The Palmolive penthouse is Vaughn's last known property here. He also sold a River North town home for $1.4 million last year.

Malkin declined to comment. Vaughn's buyers have not been identified in property records. 

Click the slideshow above or scroll down below for more looks at Vaughn's former Chicago home. 

[All photos courtesy of Redfin]


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