LUXURY BUYERS FINDING HOMES IN LAKEWOOD-BALMORAL

Why would a luxury home buyer search for a house in the Lakewood-Balmoral neighborhood, part of Edgewater in Chicago?   Better yet, what will the home look like and what amenities can a buyer expect?

Lakewood-Balmoral has the distinction of being recognized by the Chicago Landmark commission for its architecturally significant homes.

Architecturally, some of the best homes showcase English Gothic, Colonial, Classic Colonial, Flemish, Queen Anne and French Renaissance of the Transition period.   Residents have taken on the restoration of their homes, bringing these gems back to the luster they had in the 1920s and 1930s.   Old fashioned lamp posts light the quaint streets.

Lakewood-Balmoral is within walking distance of the lake, a 20 minute train ride from Chicago’s Loop and 5 minutes from Andersonville restaurants, shops and entertainment.   Visit here for information on local amenities.

Luxury homes buyers in the area are mostly professionals or business owners.   Many work downtown and/or from their home office several days a week.   Buyers can expect to pay upwards of $1,000,000 for a nicely appointed four bedroom, three bath home.

Luxury homes are defined by the quality of the finishes and the extent of the amenities.   Kitchens have high end appliances such as a Bosch dishwasher, Dacor dual fuel stove, Subzero refrigerator.   Custom built cabinetry such as England built Smallbone, or Italian designed Scavolini are often used.   There is usually a bar area off the living or dining area equipped with ULine wine cooler, or quite often the homes have wine cellars stocked with extensive collections. Many homes have fully functioning offices and are wired throughout for technology.

The master suite will includes a luxe bath featuring separate steam shower or body spray fixtures, along with a Jacuzzi.   Laundry areas are usually on the second floor for convenience. Green building and smart homes technology is beginning to appear in features such as on demand hot water systems, cellular roof panels, and the use of opening glass walls.  For more on these resources, click here.

Yards usually have decks equipped with stainless steel outdoor kitchen and low voltage lighting.   Although the Lakewood-Balmoral neighborhood is within walking distance of local transportation, the highest end homes have 3-car heated garages to house that sports car in addition to the family van and commuter car.   And of course security systems are an essential.

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