Laurel Park

Buyers on the market for luxury maintenance-free living in Highland Park can find several incredible preconstruction units at Laurel Park. The development will offer row homes and condominiums just steps from the best of the historic Highland Park downtown neighborhood.

Laurel Park is a project by Metropolitan Development Enterprises, a Chicago-based company with experience in luxury developments around the greater Chicago region. Past projects from the company include the Winnetka Belvedere, located at 518 Winnetka Avenue, the Royale, located at 744 North Clark Street in River North, and the Palladio, located at 2042 North Clark Street.

The development will offer a total of 30 row homes and 12 condominiums. Prices for these luxury units start at $895,000 and range up to almost $1.5 million.

Buyers can choose from a number of different floor plans. The luxury residences at Laurel Park range from two to four bedrooms. The floor plans offer from 2,966 square feet to 5,398 square feet of living space, making the development an excellent choice for both young professionals and large families.

Residents of Laurel Park will love the amenities provided. Gourmet kitchens come with a top-of-the-line appliance package, breakfast bar, and custom cabinets. Each row home offers a private front yard and multiple balconies and terraces for residents to enjoy the fresh air and a warm summer day.

Row homes also offer an elevator and a private attached garage with space for two cars. The master bedroom offers a large layout, and is separated from the extra bedrooms on the top floor for added privacy. Extra-large windows offer sweeping views and let in ample natural light.

Residents of Laurel Park are steps from many conveniently located stores and restaurants. Some of the most popular destinations in Highland Park are all within minutes of the development, such as Port Clinton, the Renaissance Place, and Sunset Foods.

Commuters will love the easy connections to downtown Chicago and Evanston via the Metra station located within walking distance of Laurel Park.

Lake Michigan is also minutes from Laurel Park. The beaches and parks along the nearby shoreline are among the most popular summer destinations in the city.

If you’re considering a new home in Highland Park, stay up to date with the latest news coming out of the real estate market in the area.

According to the Chicago Association of Realtors, sales of condos were down for the second consecutive year. A total of 27 condos were sold during the third quarter, a 21 percent drop from last year.

However, as sales dropped, so have the number of condos on the market. The average turnover time dropped by 34 days during the third quarter, and now stands at 121 days.

The condos that did sell during the third quarter sold for a premium. The average sales price for condominiums in Highland Park jumped by 25 percent from the same period last year. It now stands at $561,614.

Buyers should beware of getting in at the peak of the market. While the popularity of the neighborhood should keep prices from dropping too far, there may be space for a slight correction over the next few months in Highland Park.

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