I
n a rare opportunity to own a piece of New York City's storied past, the majestic Stanford White-designed mansion at 973 Fifth Avenue has returned to the market with a significant price reduction. This limestone gem, situated directly across from Central Park, boasts an unparalleled pedigree as one of only two single-family townhouses in Manhattan designed by the legendary architect.

    The current owner, who purchased the property for $42 million in 2012, has meticulously restored and modernized the 16,000-square-foot estate, bringing it "back to its original glory." The result is a lavish time capsule featuring nine hand-carved woodburning fireplaces, a grand limestone staircase, restored stained-glass windows, and soaring ceilings.

    As one of eight remaining townhouses designed by White in Manhattan, this property stands out for its single-family use. While other structures have been repurposed as stores, offices, or hotels, 973 Fifth Avenue remains an untouched gem. The current owner's restoration has preserved the home's early 20th-century charm while incorporating modern conveniences like advanced air filtration systems and a new elevator.

    The estate's interior is a masterclass in opulence, with five kitchens, including one boasting a marble waterfall island. Additional amenities include a climate-controlled wine cellar, a Venetian plaster steam room, a jewelry and silver vault, and a rooftop terrace offering 360-degree views of the Manhattan skyline.

    Stanford White's work on this property was part of his three-year project from 1902 to 1905. His great-grandson, architect Samuel White, notes that while some interiors may have been designed by Stanford White himself, it is likely that owners over the years have made changes. Despite this, the home retains its original charm and character.

    The property has undergone several price adjustments in recent years, with a current asking price of $49.9 million – a significant drop from its original $72.5 million tag. Co-listing agent Andres Perea-Garzon attributes this adjustment to the broader real estate market, citing a "correction" in recent sales data.

    As one of New York City's most iconic architects, Stanford White left an indelible mark on the city's landscape. His tragic death in 1906 at Madison Square Garden remains a scandalous footnote in his remarkable career. Despite this, his legacy lives on through properties like 973 Fifth Avenue, offering a rare glimpse into the city's storied past and a chance to own a piece of history.