Price halved for an apartment in the building Barbara Walters once lived

This opulent apartment has been patiently waiting to find a buyer. It first hit the market in early 2014 and the price was quietly dropped to $12.5 million by the end of the year. Now, it’s back two years later with a reduced ask—by nearly half!—of $6.295 million. This is a four-bedroom, five-bathroom pad with all the elegant bells and whistles at 555 Park Avenue, the prestigious Upper East Side building that Barbara Walters once called home.

A private entrance brings you into this duplex maisonette, boasting about 4,000 square feet and ten-and-a-half foot high coffered ceilings. The main floor has 60 feet of entertainment space that includes a dining room, music room, and living room, all separated by columns. Details include parquet de Versailles floors and imported French First Empire fireplaces throughout.

The formal dining room comes with a decorative fireplace and stunning chandelier. There is also the “Versailles” music room with beveled mirrored walls, and an oak-paneled study with French doors that lead to a balcony overlooking a patio garden. All three bedrooms are located on the entertainment floor, as well.

The lower level of the apartment holds a media room, guest bedroom, eat-in chef’s kitchen and staff room (with its own separate entrance). Even the kitchen looks glamorous with its own chandelier.

555 Park Avenue is a coveted co-op, built in 1914, that’s within close proximity to Central Park. A nice location and a very nice apartment—do you think it has finally settled on the right asking price to attract a buyer?

[Listing: 555 Park Avenue, #M1 by the Michael Graves Team for Douglas Elliman]

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• UES studio Andy Warhol rented for $150/month sells for $10 million

Photos courtesy of Douglas Elliman