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No Love For 16th Floor Gold Coast Penthouse

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Even the high-end Gold Coast neighborhood ain't immune to the housing slump. Take this 16th floor penthouse in a ritzy high-rise building on Astor and Division. Debuting on the market in '09 at $4.64M, it's now asking $3.25M after a series of price cuts, the latest for a gut-wrenching $400K. The 4,100-square foot pad spreads generously out over a single floor. One of its signature features: a walled-in terrace right off the living room, which extends the space quite nicely. And you can color us impressed by the quaint kitchen with access to an east balcony sporting partial lake views. These 3-bed digs also manage french doors, a foyer, paneled library, fireplaces, granite counters, updated bathrooms, and hardwood floors. And you can expect to shell out $5K a month in HOA dues.
·Listing: 1209 N Astor [Baird & Warner]