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Lincoln Park's Dewes Mansion Stuck at $9.9M Without a Suitor

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Waiting patiently for her suitors to arrive is the fetching Frances J. Dewes House in Lincoln Park. The dignified Gothic-revival residence dates to 1896 and was meticulously restored to its historic splendor by Botti Studio, a process that took six years. Since debuting on the market in November 2010 with ask of $9.9M, its ownership has resisted even the slightest price drop. It may have taken its pricing strategy from the nearby Theurer-Wrigley manse, the only conceivable comp in the area, which is listed at $9.5M and has also refused to budge. The 9,700-square foot home is chock-full of historic goodies, so it's hard to nail down the definitive highlights. But any such list would have to include the grand staircase, stained-glass wall, marble-encased fireplace, and Parisian chandeliers. It also features some 21st century creature comforts like, for instance, the media room. But as breathtaking as the restoration is, these interiors may only appeal to a narrow range of buyers.
·Listing: 503 W. Wrightwood [Koenig & Strey Real Living]