Exclusive | Baz Luhrmann has now reduced the price of his NYC townhouse by $6M after 3 years for sale

Film director Baz Luhrmann is once again testing the Manhattan luxury market, relisting his Gramercy Park townhouse for $13.99 million — a steep discount from its original $19.99 million asking price in March 2022, The Post has learned. The five-story, 8,500-square-foot residence has cycled on and off the market over the past three years, weathering a series of price cuts. Most recently, it was listed at $14.99 million in September 2024, following previous reductions to $18.9 million in June 2022, $17.99 million in September 2023 and $15.99 million in May 2024.Luhrmann purchased the Anglo-Italianate property in 2017, at 243 E.17th St., for $13.5 million and spent several years renovating it with his signature theatrical flair. He listed it in 2022 after finding himself less in New York and more in his native Australia — not to mention traveling through other parts of the world.Built in the 1850s, the home sits on a rare 28-foot-wide lot facing Stuyvesant Square Park and features a stately cast-iron balcony, round-arched windows and a paneled cornice.Known for films like “Romeo + Juliet,” “The Great Gatsby” and “Moulin Rouge!,” Luhrmann’s stylized taste is reflected in the home’s moody interiors. In an apparent bid to broaden its appeal to the buyer pool, the residence was staged with lighter furniture and cabinetry to offset the dramatic design.The home is now listed with Karen, Keith, Alan and Casey Heyman of Sotheby’s International Realty, following a prior stint with Corcoran.

The brokerages did not respond to The Post’s requests for comment by press time.A gated entrance opens to a landscaped front garden and leads into an entry vestibule.On the garden level, a Clive Christian-designed chef’s kitchen with Viking and Sub-Zero appliances connects to a formal dining room with a woodburning fireplace.

French doors open to a private ivy-clad garden strung with bistro lights.The parlor floor impresses with soaring 16-foot ceilings, a dr...