Atlantic City Penthouse Formerly Owned by Steve Wynn Hits Market for $2.2 Million
Posted on: April 18, 2025, 03:39h.
Last updated on: April 18, 2025, 03:39h.
- An Atlantic City penthouse owned by Steve Wynn is on the market
- Wynn built the Golden Nugget, later known as the Hilton and Atlantic Club
- The penthouse is listed for $2.2 million
The Atlantic City penthouse that Steve Wynn called home while in the New Jersey casino town is on the market.
It’s been many years since Wynn owned the Ocean Club penthouse at 3101 Boardwalk. Originally listed a year ago this month for $4 million, the sellers have since reduced the asking price to $2,199,999.
The two-story penthouse on the 34th floor of the condominium complex overlooking the Atlantic Ocean has five bedrooms and six full bathrooms across 7,500 square feet. An upgraded gourmet kitchen, state-of-the-art appliances, and gray and white marble are among the property’s many allures.
Listing agent Stephanie Luongo of Serhant — the real estate firm of another celebrity, Ryan Serhant of Million Dollar Listing New York fame — says the Ocean Club penthouse is a “rare gem” offering unparalleled sunrises and views of the Atlantic.
Wynn Atlantic City History
Before overhauling the Las Vegas Strip into a luxury destination, Wynn’s casino career included a stop in Atlantic City after he purchased a motel along the Boardwalk and demolished it to make way for his Golden Nugget Hotel & Casino. After the casino resort opened in 1980, Wynn spent much of his time in Atlantic City and resided at the Ocean Club penthouse adjacent to where his casino stood.
Wynn owned Unit 3403 before it was converted to a double unit. This is the home he owned while he owned the Golden Nugget in Atlantic City,” Luongo told Casino.org.
Wynn had plans to become a major player in Atlantic City, but high-profile fights with state and local officials led to him abandoning the market about seven years after the Golden Nugget opened. He sold the property to Bally Manufacturing in 1987, which renamed it Bally’s Grand.
The Boardwalk casino would later be known as the Atlantic City Hilton, the ACH Casino Resort, and The Atlantic Club until its permanent shuttering in 2014. Various plans have been floated for the long-closed resort, but none have come to fruition.
Atlantic City Home Market
Mark Giannantonio, head of the Casino Association of New Jersey and president of Resorts Casino Hotel, recently told Casino.org that he’s predicting “a true renaissance” for the New Jersey casino town.
Along with the owners of Wynn’s former pad, several other Ocean Club owners are seemingly listing their condos at prices that anticipate that renaissance coming true. Multimillionaires searching for a beachfront property at the Ocean Club have five properties, including the penthouse, listed at over $1.5 million to choose from.
The Ocean Club’s twin condominium buildings opened in 1984 at a cost of $122 million. Other notable Ocean Club residents who owned units include Frank Sinatra, who was a close friend of Wynn’s and played regularly at the Golden Nugget when in Atlantic City, and American poet and singer Rod McKuen.
Ocean Club has 24-hour security, a fitness center, an indoor pool and hot tub, a communal area, and garage parking.
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Last Comments ( 8 )
Total corruption goes on at Ocean Club. The worst investment ever made in my life. How can 7 people be allowed to ruin so many peoples lives and financial pictures? Beyond belief how they lie and cheat everyone they can. Good luck with enjoying amenities that are never open to owners at reasonable times. A real s _ _ _ show!
Buyers should be cautioned that New York City is opening casinos in a couple years and it is expected that Atlantic City casinos will take a big hit to their business. Atlantic City casinos and the CRDA need to work together on building the business for Atlantic City. Some simple stuff like using its biggest advantage the beach, stop making it difficult for people to go to the beach. Do more events like restaurant week not just in October but other times of the year. Less 6-5 blackjack Caesars, Tropicana, Harrah's and Borgata, more 3-2 blackjack. Take advantage of high costs in Vegas and market to more people like lower table minimums. Use the convention center to have more events in Atlantic City. The CRDA and Casinos have to work together to build up Atlantic City's business because New York City casinos are going to hit Atlantic City hard.
Spot on.
Management allows dirtbags to live in the towers. The board is helping management fleece the owners with revenue from the hoa fees. They use dollar tree cleaning products instead of commercial. Many of the residents throw food, animal fecal matter off their balconies. Bird flu epidemic is present. The cleaning staff is overwhelmed, due to managements failure to pay for staff. Too many managers and assistant managers with high salary positions. They even had the nerve to run a collection for staff for the holidays from the owners due to the inability to pay them. Misappropriation of funds is rampant in management and the board is the facilitator. The security staff is a unlicensed (sora) and inept. Many violations are present in both towers. Management and the board cater to the contractors, whom gift them with perks.
The resort fee?? Funny
I would love to talk to you about some of your facts.
Typical broker BS. You could not give me anyplace in AC, especially a condo.
Does the price include the resort fee?