Luxury Penthouse Near Atlantic City Casinos: Exclusive Property Formerly Owned by Steve Wynn

The remarkable Atlantic City luxury penthouse that once belonged to the casino magnate Steve Wynn is currently up for sale at a price of $2.2 million. This stunning unit, located at the prestigious Ocean Club, offers a glimpse into the high-stakes, opulent lifestyle that defines the world of Atlantic City casinos and the legendary legacy of one of the industrys most influential figures.

Originally listed for $4 million a year prior, the price has now been adjusted to attract buyers. The penthouse boasts an expansive area of 7,500 square feet, featuring five spacious bedrooms and six full bathrooms. With exquisite upgrades such as a gourmet kitchen and high-end state-of-the-art appliances, this property is a true gem. The elegant gray and white marble finishes only enhance its allure.

Unmatched Views and Features

Perched on the 34th floor, this two-story penthouse offers breathtaking panoramic views of the Atlantic Ocean. According to listing agent Stephanie Luongo from Serhant, this residence is celebrated not only for its luxury but also for its unparalleled sunrises and scenic vistas.

Steve Wynn’s Legacy in Atlantic City

Before transforming Las Vegas into a luxury hotspot, Wynn made his mark in Atlantic City. His journey began when he purchased a modest motel on the Boardwalk, demolishing it to construct the renowned Golden Nugget Hotel & Casino, which opened its doors in 1980. During his tenure at the helm of the Golden Nugget, Wynn resided in the Ocean Club penthouse, enjoying the height of coastal luxury.

This particular residence, once referred to as Unit 3403 before being enlarged into a double unit, is a significant part of casino history. Even after selling the Golden Nugget to Bally Manufacturing in 1987, it continued to evolve as the Atlantic City Hilton, the ACH Casino Resort, and ultimately the Atlantic Club before closing in 2014.

Potential Market Renaissance

Mark Giannantonio, president of Resorts Casino Hotel and head of the Casino Association of New Jersey, envisions a resurgence in Atlantic City’s real estate market. As multimillionaires seek a slice of beachfront luxury, five properties at the Ocean Club, including this penthouse, have emerged on the market with price tags exceeding $1.5 million.

Opened in 1984, the Ocean Club’s twin towers were a $122 million investment, catering to the luxury market. Notable past residents include Frank Sinatra and poet Rod McKuen, underscoring the building’s prestigious reputation.

Conclusion

The listing of Steve Wynn’s former penthouse is more than just a real estate opportunity; it’s a piece of casino history that offers comfort, luxury, and breathtaking views of the Atlantic City skyline. With the potential for a real estate renaissance in this classic casino town, now is a perfect time for buyers to invest in a luxury lifestyle.