Paying $23 million for a penthouse in the Plaza Hotel’s Residences is kind of a drop in the bucket if you’re billion-dollar casino developer Steve Wynn of Wynn Las Vegas, Wynn Macau, Encore Las Vegas and Encore Macau fame. After all, Wynn already notoriously survived the financial loss of devaluing a Picasso he owned after some wild gesticulation led to his elbow tearing through the canvas.

 

Wynn got lucky with this Manhattan housing gamble. The duplex penthouse in the Plaza is one of the largest of the hotel’s residences at 5,600 square feet. The nest has four bedrooms and takes up the hotel’s entire 20th floor — perfect for Wynn’s two daughters, who can channel their inner Eloise. He is said to have paid about one million less than the $24 million asking price — already down from the original $31 million price tag that the hotel owner, El-Ad Properties, first requested.

 

Architect Gal Nauer, who was behind the Plaza’s recent redesign, was brought in to spruce up the space with a delicate balance of elegance and comfort. Wynn, an avid art collector, bought the pad (with private elevator entry) pre-furnished with modern Italian decor like Giorgetti custom pieces and Venini lighting.

 

Besides the refined decor, Wynn also scores a 24-foot-long terrace facing Central Park that connects to the duplex via a staircase.

 

– Shira Levine is a freelance writer living in New York City.

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