Wilde moved to the tall, red brick house in Tite Street, Chelsea during 1884 with his new wife, Constance, when the street was distinctly bohemian, full of painters and writers.
Today the street is among the most expensive addresses in the UK, 'The Telegraph' reported.
Wilde sharpened his wit in a buttercup-yellow room on the ground floor and wrote his scandalous novel 'The Picture of Dorian Grey', and plays including 'Lady Windermere's Fan', 'A Woman of No Importance', 'An Ideal Husband' and 'The Importance of Being Earnest'.
The same ground floor, now a flat with one big bedroom, scrubbed oak floors and high ceilings, is up for sale for 1.295 million pounds, with the estate agent John D Wood.
"It isn't a high price in the context of the street," says Robert Green, the estate agent handling the sale.
"You could spend over 15 million pounds on a substantial house here, and there was a smaller one for sale at 4.95 million pounds at the end of last year. We think it could go to an overseas buyer who wants a pied-a-terre in a smart part of Chelsea, with Gordon Ramsa's flagship restaurant in Royal Hospital Road just round the corner," said Green.
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Wilde eventually left Tite Street in 1895 after one of the great trials in British literary history.
Angry at Wilde's love affair with his son, Lord Alfred Douglas, accused him of homosexuality.
Wilde sued him for libel but found himself prosecuted for homosexuality, damned himself by his replies during cross-examination about "the love that dare not speak its name" and was imprisoned in Reading Gaol.
Wilde emerged a broken man and died in exile in Paris in 1900, the report said.
In the late 19th century, the street, which nudges along the Thames Embankment, was full of creative minds.
John Singer Sargent kept a house and studio in the house, James McNeill Whistler too, and Augustus John lived there between 1940 and 1958. Portrait painter Frank Miles also lived in the house.