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Dreamy Getaway Townhome Has Serious Selling Problem

With summer just around the corner, On The Market is packing up the tour bus and trekking to the hauntingly beautiful city of Savannah, where this insane townhome has lingered on the market for nearly three years. The most recent price-chop was a whopping $450,000, bringing this Bay Street stunner down to a doable $2.9 million. For well-to-do fans of lax drinking laws and exquisite homes that predate the Civil War, this could be a three-story Eden, perched so close to River Street you can probably smell the vomit. Enviable appointments abound, from the mind-boggling spiral staircase and gourmet kitchen to the personal elevator. For a place built in 1860, the 4,500 square-foot interior is surprisingly crisp, with just the right amount of genteel touches and seemingly endless river views. It's been listed for 868 days now, possibly because this same price would bag an exceptional townhome in much larger cities. Or because the right yacht captain hasn't come ashore yet.
· 504 East Bay St. [Sotheby's International Realty]