Monday, 6 August 2012
Oprah loses £1.8 million on Sale of luxury Chicago apartment
Talk-show legend Oprah Winfrey has sold her luxury apartment in Chicago for under half the price she bought it for in 2006
The television presenter brought the luxurious property in the city's swanky Streeterville neighbourhood for £3.57 million ($5.6million) in 2006. On her first attempt at selling the property, she put it on the market in 2008 for £3.82 million ($6 million) though it failed to attract a buyer.
According to the Chicago Tribune, this forced Winfrey to lower the asking price in May 2012 by around £1.8 million ($2.8million) and the sale was finalised in July.
The apartment consisted of a wine room, a formal dining room, a butler's pantry, a 24/7 doorman, and even a solarium as well as its own library. Despite the sheer luxury of the property, Oprah never actually lived there herself as it is reported that ‘that she felt this property was too overlooked and had concerns about privacy.’
The star also owns a number of other homes including a farmhouse in Kula, Hawaii, a holiday home in Antigua, a property by the shore in Lavallette, New Jersey, a ski chalet in Telluride, Colorado, and a home in Douglasville, Georgia.
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