Casino mogul Steve Wynn buys Beverly Hills estate for $ 115 million

0


Billionaire businessman and art collector Steve Wynn tries his luck again by selling his palace Beverly Hills Estate, putting it back on the market for $ 115 million on Wednesday with a new brokerage.

The 3-acre property, located in a private lane in the celebrity-strewn Benedict Canyon section of Beverly Hills, has been on and off the market since March 2020, when it was purchased for $ 135 million via a whisper listing. . It went public in January for $ 110 million through Hilton & Hyland, and five months later, in May, the price was raised to $ 125 million, according to listing records. .

The previous list was deleted in July.

A GUIDE TO THE NEWS OF THE SEASON

“In terms of price, Steve Wynn thinks that’s the market value of this trophy property right now,” said Fred Bernstein of Westside Estate Agency, who is now handling the listing.

‘THE DAILY SHOW’ HOST TREVOR NOAH SEEKS TO SCORE NEARLY $ 30 MILLION FOR LOS ANGELES ARCHITECTURAL MANOR

Mr Wynn, 79, purchased the Beverly Hills estate through a limited liability company for $ 47.85 million in 2015, according to property records. He hired his longtime design partner Roger Thomas, who has decorated a number of Wynn resorts and casinos and is now executive vice president of design for Wynn Design and Development, to overhaul the landscaping.

“You can imagine the property as one of its complexes,” Mr. Bernstein said. “The terrain, location, structure, bespoke design and views are all combined in this property.”

Resort-style amenities include a veranda, swimming pool, pool house with kitchen, tennis court with tennis house, wine cellar, state-of-the-art screening room, fully equipped gym and massage room , according to the list.

The property offers 27,150 square feet of living space. The main residence comprises a double height entrance hall, a dining room, an office, a family room with a bar, a master suite with a second office and a large living room, which is “one of the largest living rooms. that I saw in Los Angeles, ”said Bernstein.

There is one guesthouse with a full kitchen and three staff rooms with a staff kitchen, according to the listing.

CLICK HERE TO LEARN MORE ABOUT FOX BUSINESS

Mr. Wynn, an influential figure in the US casino and luxury hotel industry and collector of major pieces by Pablo Picasso and Claude Monet, could not be reached immediately for comment. He has a net worth of $ 3.3 billion, according to Forbes estimates. He stepped down as CEO of Wynn Resorts in early 2018.

This story first appears on Mansion Global


Leave A Reply

Your email address will not be published.