The big news of the weekend comes from Sovereign, where the remaining two-story penthouse was reduced from $9,520,000 to $7,495,000. Now that may not sound like much considering the other penthouse sold for $4,200,000, but it shows Regent Partners is pushing hard to move the remaining inventory, including it’s most coveted unit. The MLS now has about 18 of Sovereigns units listed.
Since opening in late 2008, Sovereign has sold just 18 of its 82 luxury condos, totaling over $36,000,000 in sales. Last year, I showed you a Barbara Westbrook model home on the 43rd floor. It’s now under contract with a list price of $2,200,000.
**** THIS PROPERTY HAS BEEN SOLD