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Pacific Heights Penthouse Takes a $1M Price Cut

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Was: $6,500,000
Now: $5,500,000
You Save: $1,000,000 First listed on August 30 for $6,500,000, this 3-bed, 3-bath, 2-level, 4,676 sq. ft. penthouse chopped its price down today by a whole million bucks. The main level is accessed via private elevator and houses the majority of the square footage. It's also home to the formal living areas and bedrooms. Upstairs is a "dramatic pent room" which we think means "party central." There's also a second kitchen up there, so you and your guests don't have to deal with the burden of stairs. Also upstairs is the private terrace, which we're seriously swooning over. Want to make an offer? Not so fast. This unit's in a co-op, so you'll have to get board approval before you can write a $5.5M check. Monthly HOA dues are $1,576 and there's 1-car parking in the garage.

· 2170 Jackson Street, #5 [Redfin]