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After Three Years, Price Drops on Vintage Gold Coast Condo

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Is it the decor, or is it the $1,711 monthly assessments that are preventing this vintage Gold Coast condo from selling? Could be a bit of both. The decor, as we've learned from an old Crib Chatter post, is a nod to 'Paris in the '20s.' It looks fun, but a tad overwrought. Still, with that 18-foot living room ceiling and decorative (working) fireplace, it looks like a pretty excellent space. According to the listing, the unit has been "updated but not mutilated." The two-bedroom, two-bath, 1,500-square-foot unit hit the market for $679,000 in 2008, and it has since dropped to $595,000.
· Listing: 50 W. Schiller St. Unit 2H [Koenig & Strey]
· Paris in the 1920s? 50 W. Schiller in the Gold Coast [Crib Chatter]
· Go Baroque at this Vintage Wonder in the Gold Coast [Curbed Chicago]