Casino billionaire Steve Wynn has finally unloaded his Central Park duplex penthouse, making it the top luxury sale of a record-breaking week in Manhattan.
The mogul’s prewar condo at 50 Central Park South—first listed in 2022 for $90 million, the most expensive in the country at the time—eventually saw its price drop to $70 million.
Even at this steep discount, it still took two years for the condo to find a taker. The duplex went into contract last week with Serena Boardman of Sotheby’s International Realty as the listing agent (co-exclusive with Deborah Grubman of Corcoran).
The sale means the casino magnate failed to turn a profit on the 10,875-square-foot condo. But given that, according to Forbes, Wynn is worth $4.3 billion, he likely isn’t sweating it too much.
The Billionaires Row duplex takes up the 30th and 31st floors within the 36-story Ritz-Carlton Residences, formerly the Hotel St. Moritz, which opened in 1930. The top 12 floors are the private homes.
The penthouse, formerly owned by real estate developer Christopher M. Jeffries, comes with an esteemed pedigree.
It was Jeffries’ Millennium Partners that purchased the Emory Roth–designed building in 1999 and reimagined it along with the Ritz-Carlton Hotel Co. Jeffries was once married to Princess Yasmin Aga Khan, the only child of Prince Aly Khan and movie legend Rita Hayworth.
Yet the real selling point of the duplex is its sweeping Central Park views. With floors that aren’t too high, from the vantage of the 45-foot long terrace, it feels as if one is sitting in the famed park’s trees—a “bird’s-eye perspective,” as the listing puts it. Another terrace along the western wall stretches 28 feet.
With three bedrooms, four full baths, and two half-baths, the prewar unit features 10 grandly arched windows, a marble staircase, 15-foot coffered ceilings, and a living room that used to be the St. Moritz ballroom.
Modern touches include a chef’s kitchen; a breakfast room with its own terrace; a primary bedroom with Central Park views, en suite bathroom, gym, and dressing room; a staff room with laundry; and a library.
As the condo sits atop the flagship Ritz-Carlton hotel, it comes with access to the amenities of the global luxury name, including the La Prairie spa and health club, a business center, the Contour Bar and Lounge, in-room dining services, and housekeeping services.
The unit has $31,362 in monthly dues on top of $15,500 in taxes.
As for why a property offering such grandeur may have taken so long to move, luxury broker Michael Reisor with Compass-affiliated Reisor.Team, who is familiar with the building, says, “Properties like this are wonderful but specific. There’s a more limited buyer pool.”
Despite the park views…
Read More: Casino Mogul Steve Wynn Finally Sells His $70 Million Central Park Condo
