Make New York Post a Preferred Source Billionaire casino king Steve Wynn has found a buyer for his Central Park South penthouse — and he will be taking a hit on the deal.
Wynn, now based in Palm Beach, paid $70 million for his two-story perch at 50 Central Park South in 2012 — the same price it currently asked when a mystery buyer signed a contract to purchase it earlier this month.
The final price, along with the amount of money that Wynn invested in the penthouse over the years and the buyer’s identity, were not known at press time. The deal was first published in the Olshan Luxury Market Report.
It first hit the market for $90 million in 2022, then dropped to $75 million the following April. By October 2023, it was asking $65 million, before it was back up to $70 million in 2024, according to StreetEasy.
The centrally located aerie is on the 30th and 31st floor of the Residences at the Ritz-Carlton Central Park South, an Emery Roth-designed prewar building that launched as the St. Moritz Hotel in 1930.
The home’s glamorous living room was the hotel’s former ballroom, according to the listing.
At 10,875 square feet, the dramatic dwelling features three bedrooms and wide views of Central Park and the city skyline.
It opens from a private elevator landing to a foyer that leads to the grand living room, which features 15-foot ceilings.
Sunlight floods the room from 10 arched windows, including five that overlook the park.
The residence also boasts the building’s largest terrace. The posh pad also boasts a media room, a library, and a wet bar with room for seating.
There’s also a formal dining room, with arched windows on three sides, and an opening to a terrace. In addition, a chef’s kitchen comes with a terraced breakfast room that opens to outdoor space.
A marble staircase leads to the bedrooms below, where a main bedroom suite overlooks the park and includes a dressing room, a spa-like marble bath and a gym with a massage room.
In July, Wynn also took another real estate hit when he sold his Beverly Hills estate known as Villa Lulu, at 1210 Benedict Canyon Dr. Once shopped off-market for an astonishing $135 million in 2020 and officially listed at $115 million in 2021, it ultimately sold for $47.75 million.
Wynn bought the estate from Guess jeans co-founder Maurice Marciano. He then spent millions on renovations and an 8,000-square-foot addition.
The listing brokers are Deborah Grubman and David M. Adler of Corcoran, and Serena Boardman, of Sotheby’s International Realty.
Boardman represented Wynn when he bought the penthouse in 2012.
