JPMorgan CEO asking $10.5M for Gold Coast classic

Medium ebb82b92b13f7109a6050307ecdc49e3 James Dimon and his wife, Judith, have listed for sale their eight bedroom, 10-bath at 25 E. Banks St. in the Gold Coast for $10.5 million.

The 15,700-square-foot home was built in 1870 and houses 26 rooms and a 900-square-foot rooftop terrace.

Mary Bennett of Koenig & Strey GMAC Real Estate is the agent listing for the property.

Dimon, 53, is the chairman of the board and chief executive officer of banking giant JPMorgan Chase. He's served as the chairman of the board since 2006 and as the CEO and president of the company since 2005. He initially served as president and chief operating officer when JPMorgan merged with the Bank One Corp., in 2004 after four years as chairman and CEO with Bank One.

He's also worked for Citigroup, Salomon Smith Barney and Travelers Group, Inc., and currently sits on the board of directors for The Federal Reserve Bank of New York. He was named to Time magazine's 2006 and 2009 lists of the world's 100 most influential people.

He earned his M.B.A. from the Harvard Business School and a bachelor's in psychology and economics from Tufts University in Boston. He is originally from New York City.

There were 551 home sales in the Gold Coast in 2008, with a median sales price of $379,000.
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