A restored King William home that once functioned as the Royal Swan Bed & Breakfast is still on the market after undergoing $500,000 in price cuts since it was listed last summer for $1.9 million.

The last of those reductions took place late last year, slashing the asking price to $1.4 million, online records show.

The current owner bought the five-bedroom, six-and-half-bath Victorian two decades ago and worked with a contractor to return it to single-family status, according to its listing agent. Built in 1892, the three-story house’s original owner was a dentist who settled in King William.

The 3,700-square-foot residence is packed with elaborate woodwork emblematic of its time period. A dramatic entryway shows off dark-stained wood, custom stained glass and an artistically tiled fireplace. A trapdoor gives access to a secret climate-controlled wine cellar.

A waterfall-equipped swimming pool, covered deck, outdoor kitchen, fire pit and hot tub extend the elegance into the backyard.

This home is listed by Craig Browning with Phyllis Browning Co.

All photos and listing info via Realtor.com.

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