Renovated Gold Coast Home Sells for $6M

The sale of the 7,600-square-foot residence at 1438 North Dearborn Street was made by Zurich Insurance executive Kristof Terryn and his wife, Kimberly. The couple had purchased the property for $2.7 million before commissioning the complete overhaul. The final $6 million sale price came in at a 13 percent discount from its original $6.9 million asking price. Behind the home's vintage limestone facade lies what is effectively new construction, completed in 2023. Renowned luxury home builder Environs Development stripped the property to its shell and rebuilt it with a four-story layout tailored to modern high-end living. This type of full-scale renovation is a hallmark of the firm, which has specialized in Chicago's high-end neighborhoods for over three decades. The property now boasts amenities that compete directly with luxury rental towers, including five en-suite bedrooms, an elevator to all floors, a fitness room with a sauna, and a glass-enclosed wine wall. It also features multiple terraces, including a 24x24 garage roof deck, and an attached 2-3 car garage with a car lift, addressing a key pain point of city living. This sale underscores the strong demand for turnkey single-family homes in a market segment where buyers are often cross-shopping against high-amenity luxury rentals. The Gold Coast remains a top-tier neighborhood for affluent buyers, who are increasingly prioritizing move-in-ready properties with extensive features over fixer-uppers. This trend is a crucial piece of competitive intelligence for leasing consultants in the area's premium apartment buildings.