Unbeknownst to you, Baz Luhrmann’s townhouse in New York City is back on the market.

After a massive refurbishment, the majestic Manhattan mansion of Hollywood filmmaker and his wife, costume designer Catherine Martin, was relisted for just less than $16 million. The opulent mansion was put up for sale for $20 million in March 2022, then brought back for $18 million in September 2023. (In the meanwhile, the mansion was rented by an anonymous tenant for an astounding $75,000 per month.) That makes the asking price look like a good deal right now.

“Whether you are looking for a home to entertain like Gatsby, or a tranquil and private abode to unwind and relax, No. 243 provides a unique opportunity to acquire a rare and significant piece of New York City real estate,” the Corcoran Group writes.

Actually, the Luhrmanns have been working on the brownstone in Stuyvesant Park for a considerable amount of time. The 8,500-square-foot home was first purchased by the couple in 2017 for $13.5 million. Two years later, they transformed the space in such an amazing (and gigantic) way that Robb Report included it in their annual Best of the Best edition. New York-based Interior Marketing Group just completed a top-to-bottom renovation of the five-story house. With an ivy-covered backyard, six bedrooms, five complete bathrooms, two powder rooms, and an elevator, this old Anglo-Italianate home is quite the property. Highlights include five fireplaces, antique moldings, a magnificent floating staircase, and lofty 16-foot ceilings with arched entrances.

Full-length windows and a cast-iron Juliet balcony overlook the park from the main parlor level. The main suite, located at the back, has a private patio, a large walk-in closet, and an en suite. In other areas, the 28-foot-wide townhouse features a kitchen designed by Clive Christian that includes marble countertops, lacquered pine cabinetry, and premium appliances from Viking and Sub-Zero.

The lower level of the basement is set up as a media room, where you may potentially see one of the well-known films directed by the Tony Award-winning artist. Which brings us to the top floor, which was once home to jazz tenor saxophonist Clifford Jordan. Later on, it became Luhrmann’s studio, where he is rumored to have written the screenplay for Elvis. The level is now configured as a stand-alone suite with a living room, bar, and gym that has one bedroom and one bathroom. A word on the charm of the theater.