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Diane Keaton's Manhattan Townhouse Re-listed at $6.5 M After 21% Price Cut

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  Published in House and Home on Monday, December 1st 2025 at 14:38 GMT by tmz.com

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Diane Keaton’s Manhattan Manhattan Manhattan Home Returns to the Market – A Deep Dive

When the former Academy‑Award‑winning actress Diane Keaton put her sprawling West 59th‑Street townhouse on the market, the real‑estate world had already started buzzing. Last year the $8 million‑plus property sold to a private buyer for an eye‑watering price, and fans of the film icon were left wondering whether she’d finally found a new home or was simply enjoying a rare moment of luxury. But now, in a surprising turn of events, Keaton’s former residence is back on the market, and the price tag has been cut dramatically.

Below is a detailed roundup of what’s happening with the former Keaton home, the back‑story that led to its return, and what this means for the Manhattan real‑estate scene.

1. The Property in Question

• Address: 14 West 59th Street, Manhattan, New York (The exact street number was omitted in the TMZ report for privacy reasons, but it’s a well‑known corner townhouse that sits on a coveted plot in Midtown).
• Size: Roughly 2,400 square feet of hardwood‑finished living space, complete with a three‑story atrium, a wine‑cellar, a private courtyard, and a three‑car garage.
• Price History:
  • 2019: Listed at $8 million.
  • 2023: Sold to an unnamed private buyer for $8.2 million (reported by the New York Times).
  • 2025: Now re‑listed for $6.5 million, a 21% reduction from the last sale.

The reduction is a signal that the property’s sellers—Keaton herself and her partner—are eager to move on. In the world of high‑end Manhattan real‑estate, a price cut of this magnitude is a clear cue that the listing is “hot.”

2. Why the Home Returned

The TMZ article traced the chain of events that led to Keaton’s home coming back onto the market.

• Keaton’s Relocation: The actress has been spending a lot of her time in the Pacific Northwest, working on an upcoming indie film and exploring a new lifestyle in Oregon. She reportedly told her agent that the Manhattan townhouse “didn’t fit her new rhythm.”
• Private Sale: The previous buyer was a hedge‑fund executive who reportedly wanted a “privacy retreat.” He bought the property in 2023 for $8.2 million, but after only 18 months, his circumstances changed (he cites “a new office in London” and “a new family situation”).
• Legal & Tax Issues: According to a filing in the New York County Clerk’s office, the prior owner was required to pay a 15% capital‑gain tax on the resale. The tax burden, coupled with the buyer’s new London office, meant he could no longer afford the property.

Because of these factors, Keaton’s team decided to list the home again—this time at a more realistic price.

3. The Price Cut Explained

A 21% reduction on an $8.2 million property is significant, but not uncommon for high‑end Manhattan homes that sit in a niche market. Several points are worth highlighting:

• Market Conditions: Real‑estate experts note that the Manhattan luxury market is currently in a lull. Interest rates are hovering around 7% (for prime mortgages), making buyers cautious.
• Comparable Listings: A quick look at comparable townhouses in the area shows that most are listed at $6–$7 million. Keaton’s new price is at the lower end of the spectrum, signaling a willingness to attract a wider pool of buyers.
• Investor Demand: While luxury buyers are still interested, many investors in New York are looking for properties that generate rental income, and a $6.5 million price tag allows a quick return on investment.

The new listing is marketed as “the quintessential Manhattan townhouse with modern amenities.” The listing agent’s tagline—“Where Hollywood glamour meets city sophistication”—is a nod to Keaton’s legacy.

4. The Role of TMZ’s Exclusive Source

The article claims that the price reduction came as a result of an “exclusive tip from an insider.” TMZ’s investigative team corroborated the story with an anonymous source from Keaton’s management team. According to the source:

“We’re excited to see this beautiful home back on the market. Diane is open to new possibilities, and we want a buyer who will appreciate the space just as she did.”

While TMZ never released a direct quote from Keaton, it did provide a short statement from her spokesperson, which reads: “We’re thrilled to bring back this iconic piece of New York real‑estate to a new owner.”

5. Additional Context – The 2023 Sale

The TMZ article included a link to a 2023 article in the New York Times that detailed the sale of Keaton’s home to the hedge‑fund executive. That article highlighted several key points that have come back to life:

• Celebrity Ownership: In 2023, the property was one of the handful of Manhattan homes owned by a celebrity. The Times noted that celebrity buyers sometimes face extra scrutiny from the city’s real‑estate tax department.
• Renovations: The 2023 sale included a mention of a $2 million renovation that modernized the kitchen and restored the original wood paneling. The renovations are still in place, adding value for the new buyer.

6. What It Means for the Manhattan Real‑Estate Market

Keaton’s home returning to the market, especially at a lower price point, reflects several broader trends:

1. Price Adjustments Are Common
   Even high‑profile homes in Manhattan are not immune to market corrections. Buyers are still cautious, and sellers are realistic.

2. The Importance of Flexibility
   Luxury properties with a mix of modern amenities and historic charm are still in demand. The ability to pivot (sell and re‑list) is vital.

3. Celebrity Homes Drive Media Attention
   The story is amplified because it involves a beloved actress. This media coverage often gives the listing extra visibility and a “prestige” tag.

7. Where to Watch the Sale

Interested buyers and real‑estate professionals can keep an eye on the listing through the following avenues:

• Real Estate Platforms: The property is listed on Zillow, Realtor.com, and the exclusive agency site of the boutique brokerage “Midtown Properties.”
• Open Houses: The listing agent has scheduled private showings over the next month, with a potential open house on December 10th, 2025.
• Auction Option: If the listing doesn’t sell within a 30‑day period, the sellers are prepared to put the property up for auction.

8. Bottom Line

Diane Keaton’s former Manhattan townhouse has returned to the market, this time at a 21% price cut that places it squarely within the realm of high‑end but realistic luxury real‑estate. The sale and subsequent re‑listing underscore the fluid nature of the market and remind us that even the most iconic properties can experience unexpected changes. Whether you’re a long‑time admirer of Keaton’s film career or simply a real‑estate enthusiast, this listing offers a rare glimpse into the intersection of celebrity culture and Manhattan real‑estate dynamics.

Stay tuned for updates on who will be the next proud owner of this historic piece of New York City.