A $5M price chop for the former Upper West Side mansion of Charles Schwab

There’s been a significant price drop at one of the most interesting mansions of the Upper West Side. Designed by the famous architect C.P.H. Gilbert, this 11,500-square-foot, six-story abode was occupied by moneyman and steel magnate Charles Schwab between 1914 and 1917. After that, it became the “scandalous love nest” for the mistress of industrialist George Gould. Last year the property was put up for sale asking a cool $20 million, and now it’s trying its hand again with a considerably lower asking price of $14.995 million.

The home is configured as an owner’s triplex with an apartment below. The 30-foot, brick Georgian mansion is impressive from the get-go, with a stately wrought iron entrance that opens into a reception hall decked out with carved wood.

The home still has its original, restored bentwood bannistered staircase. There’s an elevator to travel up all six stories, too.

While the parlor floor has an exceptional amount of original details–14-foot ceilings, curved windows, millwork and wood burning fireplaces with the original marble mantles–nearly every room of this mansion boasts an impressive interior.

The kitchen has been renovated with a soaring, arched ceiling. A formal dining room is located adjacent to it. Off the wood-paneled dining room is a private, landscaped terrace.

From many of the rooms you get views that overlook both Riverside Park and the Hudson River. When the home was built in 1896, Riverside Park had just been completed–and this row of houses was specifically designed to take advantage of the view.

There’s another terrace off one of the six bedrooms, which all occupy the upper floors.

A penthouse addition to the top floor is invisible from the street below. The addition created space for a media room and two large, landscaped terraces–one of which is large enough to fit an eight-person hot tub. Of course, hot tubbing comes with great views of the nearby park and river. See more drool-worthy interior photos below.

[Listing: 323 West 74th Street by Maria Manuche for Compass]

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Photos courtesy of Compass