The Most-Expensive Bank-Owned Home in America

most expensive bank owned home
most expensive bank owned home

Who says the mighty can't fall? One of the country's premier listings -- the penthouse apartment of the St. Regis Hotel in San Francisco -- is now owned by a subsidiary of Bank of America and expected to be re-listed at $35 million, half what the asking price was, according to the listing agent. The unit is known as the Museum Tower Penthouse.

The two-story apartment has about 20,000 square feet and was heralded as the lap of luxury -- it has an entry way with a two-story waterfall feature -- when it was first brought to market in 2008. We know the rest of that story, right?