Monday, May 02, 2011

Luxury enclave in "way out" West Lakeview

I stopped by Chi Che Wang Park after showing one of our listings at Picardy Place (1808 W Diversey). One might be surprised by the small luxury enclave carved out on the far southwestern outskirts of Lakeview. Just west of North Ashland Avenue and just north of Diversey Parkway sits a community of high-end, extra-wide well finished homes. The newer Chi Che Wang city park anchors the surrounding community and gets swamped by the local families each day.

The highest end home for sale is a truly spectacular $4.5M offering. The double lot house has five bedrooms, eight baths, regulation indoor half-basketball court, ridiculous custom dressing areas, lush ornate built-ins, "Christopher Peacock" kitchen and phenomenal outdoor space overlooking the park. Most single family homes in the roughly three block radius sell for over $1,000,000.

Most homes were built within the last six years. Some of the homes form small associations with professional landscaping, a pool and fitness facility included in a monthly maintenance fee. The newer subdivision has a newer, slightly unfinished feel to it that you might find in a suburb. However the value is in the highly finished luxury homes you can get for less money than just a few blocks east, yet be very close to great amenities.

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