Gisele Bundchen, fancypants supermodel, has re-listed her Manhattan penthouse, asking $5.9 million for the ~1,700-square-foot apartment. It was previously listed at $10.9 million in Fall 2007. That’s quite a drop in her asking price. Ms. Bundchen originally paid around $3 million for the unit, according to the WSJ, and this is not the first time she has dropped the price.

Listing information calls it a West Village spectacular triplex condominium apartment with breathtaking views of the Hudson River. The 2-bedroom, 2.5-bath home has a key-locked elevator for privacy with a loft-style living room (including a fireplace).

It features a dining area and an open kitchen. In addition, how about a terrace with a 47-foot long outdoor area for entertaining? With a grill and dining furniture, to boot! And the two bedrooms are supposed to appear suspended over the river. That could either be really cool, if you like the view, or quite scary if you’re afraid of heights or water.

The third level of the penthouse features a jacuzzi/hot tub. Perfect for relaxing after a long, tiresome day. We would love to stretch out at night, enjoying the views and the lights. Sign us up! But at around $3,400 a square-foot, it better have a damn-fine interior. The listing conveniently leaves out any inside photos, preferring to concentrate on the terrace and views.

And maybe that’s part of the problem - buyers want to catch a glimpse of a place before trekking all over the kingdom, up and down stairs and elevators. They need some enticement and it’s possible they just aren’t getting it on this listing. Or maybe it’s still just too expensive.