Billionaire Stephen Ross Selling Manhattan Penthouse for $49.9M

Billionaire Stephen Ross Selling Manhattan Penthouse for $49.9M

Published: October 6, 2022 | By: American Luxury Staff

Stephen Ross, owner of the Miami Dolphins and developer of real estate, saw his Manhattan residence into contract this month. If it sells, it will bring to a close a protracted marketing effort that began B.C.: before COVID.

Ross has had the penthouse property on and off the open market for at least three years, and if public records are accurate has sought as much as $75 million for it. As of last year at this time, the 8,247 sq. ft. villa in the sky was listed at $49.9 million.

The penthouse contains five bedrooms and seven baths across a full-floor layout. The unit is designed in the shape of a parallelogram, with various shared and private living spaces arranged on its outer perimeter, and the staircase, landing and baths in the center. Specialized rooms include a gym, a media room, a 22-foot formal dining room, and a library with hide walls. Materials at work in the residence are particularly eye-catching, and include inlaid stone, marble and bubinga flooring, and padouk moldings and doors.

Views from the residence take in Central Park, with the kitchen windows opening to the Hudson River, and the corner master bedroom — one of five bedrooms in the residence — taking in a panorama of New York from floor-to-ceiling glass on both walls. The master also features twin marble baths and dressing rooms.

Ross’ net worth is north of $11 billion, per Forbes.

3169 October 6, 2022 Real Estate October 6, 2022