Another $600,000 (10%) has been cut from the list price for the staged penthouse shell resale atop San Francisco’s Ritz-Carlton Residences, now asking $5,395,000. That’s $1,105,000 less than was being asked this past June, and $25,000 less than was being sought by the sales office at the end of 2006 (we’re not privy to the actual contract price).
UPDATE: Assuming a plugged-in reader is right, the current “asking price, minus commission, would still be above the original purchase price.” By just how much will still don’t know.
∙ Listing: 690 Market #2401 (3,595 square foot shell) – $5,395,000 [MLS]
∙ The Staging (And Reduction) Of That Ritz-Carlton Penthouse Shell [SocketSite]
∙ Ritz-Carlton Residences (690 Market): Listed [SocketSite]