Casino mogul Steve Wynn to take a hit on his NYC penthouse 4 years after listing it for $90M

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. The residence has had a roller coaster of a ride.

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 al...