F
ilm director Baz Luhrmann is once again testing the Manhattan luxury market, relisting his Gramercy Park townhouse for $13.99 million after a series of price cuts. The five-story, 8,500-square-foot residence has been on and off the market over the past three years.

    Luhrmann purchased the Anglo-Italianate property in 2017 for $13.5 million and spent several years renovating it with his signature flair. He listed it in 2022 after finding himself less in New York and more in Australia, where he's from. The home features a stately cast-iron balcony, round-arched windows, and a paneled cornice.

    Built in the 1850s on a rare 28-foot-wide lot facing Stuyvesant Square Park, the property was staged with lighter furniture to offset its dramatic design. A gated entrance opens to a landscaped front garden and leads into an entry vestibule. The home's interior is known for its moody style, reflecting Luhrmann's taste in films like "Romeo + Juliet" and "The Great Gatsby."

    The residence has five bedrooms, including a rear-facing primary suite with a spa-style bath and terrace access. Upper floors contain additional bedrooms, baths, lounge areas, and flexible spaces that can serve as home offices or nurseries. The English basement offers a screening room, powder room, second laundry space, and guest suite.

    Luhrmann's wife, production designer Catherine Martin, has collaborated with him on many films, including the 2022 Elvis Presley biopic "Elvis." They have lived in the home with their two children.