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On the Block: Massive Penthouse Reduces $530K in 10 Months

The full story on this custom luxury penthouse tucked away in the serene streets of West Town is that it's actually been on the market since May 2009. The sellers switched agencies, from Sotheby's International to Coldwell Banker, and that's when the price hemorrhaging began in earnest. First listing for a hair under $2M, the cuts came fast and furious starting last Fall. Monday's chop brings the ask to $1,199,999 with taxes of $15,000 and monthly assessments of $900. Looks like the sellers won't be scoring downtown prices after all. An elevator delivers you direct to the foyer of this 6,000-square-foot unit. Simple white spaces are saved from monotony by the 14'-17' ceilings, oak hardwoods, and floor-to-ceiling windows. The astounding master bath has skylights, a marble sink, and other architectural quirks, and the master bedroom features a hanging fireplace. The place is also fitted with a "state of the art" security system, media room, and sound system. Finally, count a 1,700-square-foot private roof deck among the spoils. It was last sold in 2004 for $1.2M. How much further can such a place slide?
·Listing: 1715 W Ohio St PH [Coldwell Banker]
·The $2 Million West Town Penthouse Condo [Crib Chatter]