In 2008, the voyeurlicious (trademark pending) two-bedroom St. Regis condo #23F hit the market listed for $2,595,000. In 2009, the price was cut to $2,350,000, furniture included.
Relisted as a short sale for $1,940,000 this past July, the sale of 188 Minna Street #23F closed escrow today with a reported contract price of $1,588,000, twenty-nine (29) percent or $662,000 below its pre-remodeled purchase price of $2,250,000 in 2007.
The 1,527 square foot luxury condo also sold for $2,080,000 in 2006, back when short-term holds somehow (i.e., the market was actually appreciating) made sense.
Oh, and with a list price that was changed to $1,209,200 this past February, it’s officially “30 percent over asking!” for today’s sale according to industry stats. And yes, it’s still expensive at over a thousand a square foot, but a rather luxurious 29 percent less expensive than in 2007.
∙ Voyeurlicious Design (TM) In More Ways Than One: 188 Minna #23F [SocketSite]
∙ Why Stop With Voyeurlicious, Let’s Add Instastyle-istic (TM) As Well [SocketSite]