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Turtle Bay Townhouse Returns After a Luxurious Gut Renovation Asking $14.5M

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The 6,500 square foot townhouse has been completely remade

For a townhouse to justify a $10 million increase in price after five years off the market, a serious transformation is merited—and at 319 East 51st Street, that's just the case. The Turtle Bay townhouse between First and Second avenues was scooped up in 2011 for $4.6 million, and has just returned to the market sporting a thorough makeover. This go-around, it's asking $14.5 million. The sellers are hedge fund executive Timothy Greatorex and interior designer Deborah Greatorex, whose vision presumably led the home's overhaul.

As seen in listing pictures from 2011, the townhouse's main exterior staircase was reconstructed and the house was gutted to give way to the "grand, yet casual" interiors that the new listing touts. The parlor floor has been finished with herringbone oak floors and custom millwork, and looks onto the townhouse's rear zen garden.

The listing doesn't undersell the makeover, elaborating that "[w]ithout exaggeration, to find the level of elegance and sophistication of the Master Floor you would need to check into an Aman or Oberoi resort." (For the plebes out there, those are two of the world's highest-end hotel brands.)

The master bedroom comes with a nine-closet custom dressing area (that reminds us of another Upper East Side townhouse's over-the-top closet) and is finished in pearl-beaded wallpaper. The four additional bedrooms on the upper floors all have en-suite bathrooms, and neighbor the townhouse's office, which "any Fortune 100 CEO would covet."

The final word on the townhouse? "In a world of corner cutting and mediocrity this townhouse is an example of the finest craftsmanship available." Now, will it net $14.5 million?