Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Rush Limbaugh cuts NYC penthouse price to $13 million

1049_fifth_trop.top.jpgA bedroom inside Rush Limbaugh's Fifth Avenue penthouse. By Julianne Pepitone, staff reporter

NEW YORK (CNNMoney.com) -- Conservative radio host Rush Limbaugh is having a tough time saying adios to New York City. But it's not because he'll miss the Big Apple. Rather, he's been forced to cut the asking price for his Fifth Avenue penthouse to $12.95 million.

Limbaugh originally listed his spacious digs in March, asking $13.95 million. He bought the 10-room condo at 1049 Fifth Ave. in 1994 under the name of R H Trust, according to city property documents.

Luxury broker Corcoran Group is listing the property, but the firm chose not to release photos nor to confirm the celebrity resident. Limbaugh was not available for comment.

The pad sprawls across nearly 5,000 square feet and two of its terraces overlook Central Park and its famous reservoir.

The pre-war property features a double living room; a wood-paneled library; four terraces; enormous baths; and a maid's room. But it's not for the faint of heart -- or those afraid of a big renovation. The general appearance can be described as, well, ornate, with trompe l'oeil ceilings and mural-covered walls.

Other lavish features include gold leaf moldings, mahogany floors, upholstered walls and an Italian marble foyer.

So what's all that worth? For the tax rolls, the city values the property at $1.56 million and says property would rent for more than $26,000 per month.

Limbaugh, host of "The Rush Limbaugh Show," has been a major voice in the conservative media arena for decades. In 2009, the pundit said he would sell his property after New York governor David Paterson proposed a so-called "millionaire's tax" on residents who make more than $500,000 a year. To top of page

Overnight Avg Rate Latest Change Last Week
30 yr fixed3.44%3.46%
15 yr fixed2.72%2.73%
5/1 ARM2.98%2.95%
30 yr refi3.49%3.49%
15 yr refi2.72%2.75%
Rate data provided
by Bankrate.com
View rates in your area
Find personalized rates:
Index Last Change % Change
Dow 18,223.03 77.32 0.43%
Nasdaq 5,309.83 52.43 1.00%
S&P 500 2,151.33 10.17 0.47%
Treasuries 1.76 0.02 1.32%
Data as of 10:08pm ET
Company Price Change % Change
AT&T Inc 36.86 -0.63 -1.68%
Bank of America Corp... 16.77 0.10 0.60%
Chesapeake Energy Co... 6.36 -0.32 -4.79%
Microsoft Corp 61.00 1.34 2.25%
Time Warner Inc 86.74 -2.74 -3.06%
Data as of 4:15pm ET


One of the clear messages from Consumer Reports dependability survey was that cars that have recently been totally redesigned tend be less dependable. More

Stocks are widely expected to drop close to 10% if Trump wins the presidency. But even if Clinton wins, stocks could still sell-off the day after the election. More

Microsoft is raising prices in the U.K. by whopping 22%, in response to the collapsing value of the pound. More

The University of Illinois partnered with Coursera to launch one of the most affordable online MBA programs yet. More