Spanning the 30th and 31st floors of the Ritz-Carlton Residences at 50 Central Park South, the 10,875-square-foot duplex boasts historic prewar architectural details such as 15-foot coffered ceilings and a living room that was formerly the Hotel St. Moritz ballroom. The property initially debuted in 2022 with an ambitious $90 million target before undergoing multiple price cuts and listing pauses. While the purchaser's identity and final closing price remain undisclosed, the building's condominium structure spared the buyer from the strict review processes typical of Manhattan co-ops.
Key points
Wynn is positioned to realize no profit on the sale after paying $70 million for the dupl…: Wynn is positioned to realize no profit on the sale after paying $70 million for the duplex in 2012.
Offering only three bedrooms despite its sprawling footprint created market resistance by…: Offering only three bedrooms despite its sprawling footprint created market resistance by narrowing the buyer pool.
Operating as a condominium gave the century-old residence an advantage over traditional p…: Operating as a condominium gave the century-old residence an advantage over traditional prewar co-ops with stricter purchase rules.
Sources checked by our analysis pipeline: 1
Casino billionaire Steve Wynn has finally found a buyer for his sprawling Central Park penthouse, ending a four-year effort to sell one of Manhattan’s most recognizable luxury properties. According to Realtor.com and The Real Deal, the 10,875-square-foot duplex at 50 Central Park South went under contract in November 2026 with a last asking price of $70 million, the same amount Wynn paid for it in 2012.
The sale does not yet have a disclosed final price or buyer, but it closes a long and unusual chapter for the property. Wynn first listed the penthouse for $90 million in 2022, then cut the price to $65 million, took it off the market, re-listed it at $70 million and finally found a buyer after another return to the market in June 2026.
A home above the Ritz
The duplex occupies the 30th and 31st floors of the Ritz-Carlton Residences at 50 Central Park South, a 36-story building that was originally the Hotel St. Moritz when it opened in 1930. The top 12 floors contain private residences, while the lower portion remains home…
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