$4,900,000
Chicago, IL 60611
Located on the 28th floor of the iconic Palmolive Building, this extraordinary full-floor residence offers an unmatched blend of historic grandeur, refined craftsmanship, and breathtaking panoramic views of Lake Michigan, the Magnificent Mile, and Navy Pier. Encompassing approximately 5,400 square feet, this impeccably designed 3-bedroom, 2.5-bath home decorated by acclaimed designer Paula Berg is a true masterpiece of luxury living. Arrive to your private elevator foyer wrapped in exquisite Romanoff rolled wood wall coverings before entering a dramatic rotunda adorned with a hand-applied silverleaf ceiling, Venetian plaster niches, and stunning marble, limestone, and onyx flooring. A powder room is located just off the entrance and guests will be in awe of the opulent Mother of Pearl-lined walls, marble countertop and nickel faucet. Every detail throughout the residence has been thoughtfully curated, from the soaring ceilings, rich hardwood floors, and classic Art Deco moldings to the custom Evan Lewis-designed fireplaces. Designed for elegant entertaining, the sprawling floor plan features a spectacular lounge and bar with Lalique glass panels, granite countertops, a Herbeau polished nickel sink, Franke faucet, refrigerator, and ice maker. The formal dining room is equally impressive and highlighted by Venetian plaster ceilings and breathtaking open lakeshore views. The adjacent DeGuillio kitchen is a culinary showpiece featuring a custom marble sink, Subzero refrigerator with butternut wood doors, sliding backsplash doors revealing hidden spice storage, and exceptional custom detailing throughout. A fully equipped butler's pantry includes antique mirror inserts, a German silver sink, warming drawer, refrigerator drawers, dishwasher and 1-inch maple countertops. Wine enthusiasts will appreciate the 600-bottle EuroCave wine coolers. Nearby, a sunlit laundry room offers a full-sized washer/dryer, marble countertops, and cabinetry for storage. The private wing of the home has 3 generous bedrooms, including a grand, oversized primary suite with a Venetian plaster ceiling, two walk-in closets, and Roman shades. The primary bathroom hosts custom burl wood and onyx cabinets, a Seura bathroom mirror with TV, a spectacular stand-alone Kohler tub and limestone shower. Modern conveniences include Lutron lighting, motorized shades, distributed audio/video creating an efficient total home control system. A richly appointed executive study/library featuring dramatic floor-to-ceiling custom millwork, built-in bookshelves, and a striking marble fireplace complemented by warm ambient lighting, oversized windows with city views, and refined designer finishes throughout. A sophisticated retreat ideal for a private office, reading room, or elegant work-from-home setting. This remarkable residence was prominently featured in the Winter 2017 issue of Sophisticated Living Chicago Magazine. Enjoy distinguished amenities including an exceptional full-service concierge staff, fitness center with hot tub spa, club room, and valet parking for three vehicles. Rich in Chicago history, this celebrated Art Deco landmark once housed the headquarters of Colgate-Palmolive-Peet Company and later Playboy Enterprises, making it one of the city's most distinguished residential addresses.
Estimated monthly cost for this home
$39,605/mo
Estimate only, not a quote or offer of credit. Rate starts from today's market rate (6.66%, 2026-08-27). Taxes from the listing's MRED record. Talk to a lender for real numbers; a Subdiview agent can introduce you to a good one.
| 2024 property taxes | $65,153/yr |
From the listing's MRED record. MRED does not publish per-change dates through IDX, so price changes are shown without one rather than guessed.
Assigned schools per the listing's MRED record. Always verify with the district before you buy.
Elementary
Ogden Elementary
299
MRED Broker ReciprocityThis listing is part of the MRED data exchange program provided courtesy of @properties Christie's International Real Estate, listed by Carolyn Landis.
Information last updated Aug 9, 2026, 5:06 AM.
159 Walton Place
Chicago, IL 60611

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Call 224-385-8779Sourced from the MRED MLS feed. Last updated when the listing was modified.