Chicago’s Gold Coast neighborhood is known for its wide streets lined with beautiful trees, creating a picturesque and pedestrian-friendly atmosphere. The area boasts high-end restaurants and shops, stunning architecture, and breathtaking views of Lake Michigan. Potential buyers have their pick of dazzling real estate when moving to Gold Coast, Chicago, from historic graystones and grand mansions to luxurious low-rise and high-rise properties.
Why are people moving to the Gold Coast?
The Gold Coast is a highly sought-after area. It is considered one of the most affluent neighborhoods in Chicago and is home to many wealthy and well-known residents. Living in the Gold Coast provides a sense of prestige while offering a peaceful, refined living experience. Gold Coast is close to all the action yet remains a unique and exclusive community.
What are some things about the Gold Coast that you may not have heard?
Did you know that the Gold Coast community boasts a lovely park called Mariano Park? This beautiful spot draws locals to its scenic grassy areas, where they can unwind, read a book, enjoy a picnic, or people-watch. In addition to the park, Gold Coast also features the ever-popular Oak Street Beach, a great place to soak up the sun, swim, and rent bicycles or water sports equipment. Residents frequently play beach volleyball on its sandy shores.
Among the impressive mansions of Gold Coast, one rises above the rest. This architectural feat was once owned by Hugh Hefner and served as the first Playboy mansion. Although it has since been transformed into luxurious condominiums, the mansion's history remains fascinating.
How expensive is it to live in the Gold Coast?
Many dream of living in Chicago’s Gold Coast neighborhood, but it comes with a high price tag. Only a select few can afford the luxurious lifestyle the area offers, with its million-dollar mansions and posh condominiums.
Compared to other regions across the country, the cost of living in Chicago is higher, with a 20% increase over the national average. However, it remains more affordable than in metropolitan areas like New York City. Housing costs are nearly 69% lower in Chicago than in New York, making it a more budget-friendly option for those looking to live in a major city.
How do people get around town in the Gold Coast?
If you are a resident of the Gold Coast community and plan to travel frequently, you are in luck, as there are two international airports to choose from nearby: O’Hare and Midway. Commuting within the city is also a breeze, as there are various transportation options available.
The L Train and bus system covers the northern and southern areas of the city, including O'Hare International Airport. For those traveling to and from the suburbs, the Metra Rail is a convenient option. Alternatively, driving services like taxis, Uber, or limousines are popular among residents.
Where do Gold Coast locals eat?
The Gold Coast is renowned for its luxurious offerings, and it's no surprise that many high-end restaurants and shops are situated here. Begin your day with a delightful brunch at 3 Arts Club Cafe, which features a light and airy atmosphere. Sunlight filters through the glass ceiling as guests dine, while the potted trees and fountain lend a secret garden vibe to the eatery.
One of the most iconic places in the area is the classic Gibsons Bar & Steakhouse. Both tourists and locals flock here for their mouthwatering steaks and scrumptious sides. For those wishing to indulge in something more lavish, Maple & Ash is a must-visit. It is undoubtedly one of the most glamorous steakhouses you will ever see, with candelabras, plush velvet chairs, and an ambiance that is fit for a movie set or magazine cover.
Alternatively, if you prefer a more formal setting with white tablecloths, Adalina is the place to be. The stylish open dining area is staffed by servers clad in tuxedo jackets, who serve up sumptuous Italian cuisine.
What do Gold Coast locals do for fun?
Chicago offers an abundance of exciting activities. However, locals need not venture far from their neighborhood to have fun. The nearby Ruth Page Center for the Arts is popular for those seeking artistic entertainment. Inside the center, Gold Coast residents will find The Porchlight Music Theatre, a classy venue showcasing musical productions featuring top talent from Chicago and Broadway.
Two museums are also located nearby. The Charnley-Persky House offers a tour of a historic mansion designed by renowned architects Louis Sullivan and Frank Lloyd Wright. The International Museum of Surgical Science, located just a block away, displays the evolution of medical science through surgical instruments of different eras.
For those needing retail therapy, Gold Coast’s Oak Street offers a plethora of luxurious boutiques selling high-end items. The Magnificent Mile, located at the neighborhood's southern edge, boasts even more shopping options.
Locals can also enjoy the tranquil experience of strolling along the 18-mile Lakefront Trail, which features a smooth paved surface perfect for walking, cycling, or skating. The trail presents breathtaking views of Lake Michigan and Chicago's iconic skyline, providing a picturesque and peaceful way to immerse oneself in the area's natural beauty. Despite being in a bustling city, the Lakefront Trail offers a serene oasis for those wanting to connect with nature.
Let Kathleen Malone assist you
Are you considering moving to Gold Coast, Chicago? Chicago has many fantastic neighborhoods, but there is something special about the Gold Coast. The area is home to an array of delightful offerings, from upscale real estate to premier attractions and everything in between.
Kathleen Malone is a seasoned local real estate professional who is well-versed in helping clients purchase luxury homes for sale in the Gold Coast. With her by your side, you’ll have an expert guide to help you narrow down your home search and find your dream home. Reach out to Kathleen today to begin your journey to homeownership in the Gold Coast community.
