Selling the Remnants: The Ex-Penthouse of the Casino Titan, Steve Wynn, Hits the Market in Atlantic City
- Wynn's legendary Gold Nugget Casino once stood beside the luxury condo
- Steve Wynn's iconic ocean-view penthouse is now a two-story, 5-bedroom dwelling, listed for sale at $2.2 million
Luxurious Atlantic City Penthouse Previously Belonging to Steve Wynn Listed for Sale at $2.2 Million
After decades, Steve Wynn's former penthouse nestled in the heart of Atlantic City has hit the real estate market, eagerly awaiting a new owner.
This Penthouse Suite 3403, located at the prestigious Ocean Club complex, spent a year under the listing price of a hefty $4 million but has now been repriced at $2,199,999, as per Latest Listings. The condo, spanning 7,500 square feet over two stories, boasts five palatial bedrooms and six indispensable, full bathrooms.
From upgraded gourmet digs to state-of-the-art home comforts, this Millionaire's Row pad offers the crème de la crème of amenities. Gray and white marble adorned surfaces hint at its luxury pedigree.
Famous New York real estate agent, Stephanie Luongo of Serhant, praised the Ocean Club penthouse as a "rare gem" with unparalleled sunrises and mesmerizing ocean views.
The Golden Nugget Chronicles
Steve Wynn, the casino legend whose empire transformed the Las Vegas Strip, had a brief yet pivotal stint in Atlantic City. He acquired a motel on the Boardwalk, hammering down to make room for the Golden Nugget Hotel & Casino, a colossal undertaking that opened its doors in 1980. Throughout the ensuing years, the casino impresario found himself spending a considerable amount of time in the New Jersey gambling hub, residing in his penthouse adjacent to his casino property.
The Ocean Club building housed Wynn's unit before it morphed into a larger double unit, the very home he called his own while running the Golden Nugget in Atlantic City, as revealed by Stephanie Luongo herself to Casino.org. Wynn later abandoned his vision for Atlantic City, enmeshed in conflict with state and local officials, eventually selling the property to Bally Manufacturing in 1987.
The now defunct Atlantic City Hilton, ACH Casino Resort, and The Atlantic Club were subsequent names for the casino resort, which saw its permanent closure in 2014. Despite numerous attempts to redevelop the once iconic resort, progress has yet to be made.
The Ocean Club's Exclusive Coastline
Market analyst and Resorts Casino Hotel president, Mark Giannantonio, anticipates a future renaissance for the New Jersey gambling hub. Fueled by optimism, multiple Ocean Club homeowners, including the Wynn penthouse owners, are listing their condos at prices surpassing $1.5 million.
The twin towers of the Ocean Club were constructed in 1984, costing an astronomical $122 million, and have since become a hallmark of the Atlantic City luxury real estate scene. The complex boasts an extensive list of lavish amenities such as 24-hour security, fitness facilities, a heated indoor pool and hot tub, common areas, and garage parking to cater to the discerning clientele seeking an upscale beachfront lifestyle. Notable residents of the Ocean Club have included Frank Sinatra, a close friend and regular casino patron of Wynn, and renowned American poet and musician, Rod McKuen.
- The legendary Gold Nugget Casino, once owned by Steve Wynn, stood beside the luxury condo where he resided.
- This penthouse, now a two-story, 5-bedroom dwelling, offers a rare opportunity to buy a piece of casino history in Atlantic City.
- At $2.19 million, the former ocean-view Wynn penthouse is an attractive option for those looking for a luxurious home in Atlantic City.
- Gray and white marble surfaces and state-of-the-art appliances make this dwelling a sanctuary for the discerning buyer seeking the crème de la crème of amenities.
- The Ocean Club's exclusive location on Millionaire's Row offers unparalleled sunrises and mesmerizing ocean views that rivals the finest Las Vegas casinos.
- After a brief stint in Atlantic City, Steve Wynn moved out to invest in real-estate opportunities in Las Vegas, leaving behind his old penthouse at the Ocean Club.
- The Ocean Club, with its towering buildings and lavish amenities, is a symbol of the luxury real estate scene in Atlantic City.
- Notable residents of the Ocean Club, such as Frank Sinatra and Rod McKuen, reinforce the club's reputation as a haven for celebrities and the affluent.
- In the 1980s, Steve Wynn acquired a motel on the Boardwalk, demolishing it to build the Golden Nugget Hotel & Casino.
- Despite the closure of Casinos like the Atlantic City Hilton, ACH Casino Resort, and The Atlantic Club, market analysts have expressed optimism for a future renaissance of Atlantic City's gambling scene.
- Mark Giannantonio, Resorts Casino Hotel president, expects the Ocean Club and its exclusive coastline to play a significant role in Atlantic City's resurgence.
