Less than a year after making headlines for the record-breaking sale of their Lincoln Park mansion, Richard and Michaela Parrillo have settled into a new home. In July, the couple purchased a 6,800-square-foot penthouse on the Gold Coast in the Ambassador Hotel building at 1300 N. State Parkway for $6.5 million, according to public records.

The two-story condo spans the 39th and 40th floors. With five bedrooms, six bathrooms, and sweeping views of downtown from the 1,400-square-foot private rooftop terrace with gardens and outdoor entertaining space, the home was a steal. At $956 per square foot, it came at a steep discount from its 2015 sale price of $6.9 million. The unit had lingered on the market for several months, undergoing several price cuts, dropping from $8 million in 2022 t

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