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Tomato Warehouse-Turned-'Mini Estate' Chops $600K Off Ask

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Remember this tomato warehouse-turned-"contemporary complex" in the French Quarter? Apparently, the rather bold $3,595,000 price tag wasn't doing anyone any favors and now, four months after hitting the market, $600,000 has been chopped off the ask. The Madison Street dwelling with four bedrooms and four bathrooms is shooting for $2,995,000. The interior of the "amazing mini-estate" definitely does not harken back to the building's 1800s past, but it's rather intriguing. And by intriguing we mean, the design choices in the 5,074-square-foot space go from bordello-like to granny chic to "Is this some random Gulf Coast condo?" On the plus side, the place comes with a theater (red velvet curtains and everything!) and the private, lush courtyard is certainly envy-inducing with a brick patio, lap pool, and fountains. There's also a two-car garage and a seperate income-generating 1,834-square-foot commercial property.

· Listing: 525 Madison St. [Sotheby's]
· Buy an 1800s French Quarter 'mini estate' for $3,595,000 [Curbed NOLA]