This iconic Garden City mansion just had a huge markdown

A show-stopping facade, six fireplaces, a tennis court, two garages, an in-ground pool and three floors of opulence plus an attic and balcony.

It’s no wonder the iconic colonial at 87 11th St. in Garden City — until now — had been off the market for 50 years. It’s a true masterpiece of architecture and luxury.

Though such elegance and grandeur of course come at a price.

For starters, the annual tax bill is a whopping $59,000, according to the listing at Howard Hanna Coach Realtors. There’s also the owner’s asking price of just a shade under $4.4 million.

Still, the good news is that it’s looking more and more like a bargain. Comparable homes in the area are selling for more, and the asking price is down from $6.2 million when it first hit the market last November.

Built in 1908, the home has nine bedrooms and six full bathrooms. And if stairs aren’t your thing, there’s an elevator to get you up and down to the second and third floors.

Other features include a majestic tree-lined driveway that circles in front of the house, five heating zones, a patio, porch and jacuzzi.

“This is a once in a lifetime opportunity to purchase this grand home,” the listing explains.

Have a look

Below are photos of the home and amenities at 87 11th St. in Garden City.

With 20 percent down on the asking price, a buyer can expect to pay about $25,000 a month combined for the mortage, homeowner’s insurance and taxes.

The size of the property is 1.58 acres. This spring, the property’s asking price was dropped from $4.7 million to just under $4.4 million.

The property is part of the Garden City School District. Sewer fees and trash pickup are included in the tax bill.

One additional bonus is that the home has a finished basement.

_{Top photo: One Key MLS}