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New York Post

Baz Luhrmann reduces price of NYC townhouse to $13.99M

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. Advertisement 10 Director Baz Luhrmann has relisted his Manhattan townhouse for $13.99 million — $6 million below its original March 2022 asking price. Nina Poon at MW Studio 10 Luhrmann purchased the home in 2017 for $13.5 million. Matteo Prandoni/ 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. Advertisement 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. 10 The entryway. Nina Poon at MW Studio 10 The kitchen before it was redesigned with lighter cabinets, as seen in this previous listing image. Nina Poon at MW Studio Advertisement 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. 10 The house is located at 243 E. 17th St. Nina Poon at MW Studio Advertisement 10 A living space, as seen in a more dated listing image. Nina Poon at MW Studio 10 A theater room. Nina Poon at MW Studio The parlor floor impresses with soaring 16-foot ceilings, a dramatic curved staircase and full-length arched windows. A rear-facing primary suite features a spa-style bath, terrace access and a walk-in closet. Upper floors contain additional bedrooms, baths, lounge areas, and flexible spaces that can serve as home offices or nurseries. The fourth floor includes a secondary sleeping area and an entertainment bar. 10 The home occupies 8,500 square feet, and it's where the family kept their impressive display of awards. Nina Poon at MW Studio 10 One of five bedrooms. Nina Poon at MW Studio 10 A secondary bedroom. Nina Poon at MW Studio Advertisement The English basement, accessible via elevator or private entrance, offers a screening room, a powder room, a second laundry space and a guest suite. A prior listing highlighted the home's architectural distinction: 'It is the only Anglo-Italianate house in the district that was not originally part of a row of narrow, uniform houses.' Luhrmann and his wife, production and costume designer Catherine Martin, have lived in the home with their two children. The couple, longtime creative collaborators, married in 1997 and have worked together on many of his most celebrated films, including the 2022 Elvis Presley biopic 'Elvis.'