Wednesday, February 1, 2023
HomeMarketSweetening the Pot, Steve Wynn Chops $15 Million off His Beverly Hills...

Sweetening the Pot, Steve Wynn Chops $15 Million off His Beverly Hills Megamansion

- Advertisement -

Casino mogul
Steve Wynn
is hoping a major mark down will be the ace up his sleeve when it comes to selling his Beverly Hills megamansion. 

On Monday, the billionaire slashed another $15 million off the price of the palatial 3-acre property, bringing the ask down to a still significant $85 million.

More: A 260-Acre Swath of Los Angeles Once Asking $125 Million Hits the Auction Block

The home has been up for grabs since March 2020, when it was quietly shopped around asking $135 million, Mansion Global previously reported. Since then, the home has been on and off the public market with a sticker price ranging from as high as $125 million down to, most recently, $100 million, listing records show.

Dubbed a “spectacular generational estate envisioned by a master,” the more than 27,000-square-foot spread is located down a private lane in “the most prime section” of Beverly Hills, according to the listing with
Fred Bernstein
and Ethan Peskowitz of Westside Estate Agency.

The home has been part of Mr. Wynn’s property portfolio since 2015, when an entity tied to the mogul bought it for $47.8 million, records with PropertyShark show.

The grand living room has bright interiors.


MARK SINGER

During his ownership, Mr. Wynn, 80, added some 8,000 square feet to the 11-bedroom estate and for its interiors, he tapped his longtime design partner Roger Thomas, who’s decorated a number of Wynn resorts and casinos, Mansion Global reported. 

More: Billionaire Carlos Slim’s New York City Megamansion Back on the Market for $80 Million

Entered through a double-height entry hall, the contemporary digs are jam-packed with upscale amenities, including a wine room, a screening room, a massage room and accommodation for a sizable entourage with multiple bedrooms, according to the listing.

There’s also floor-to-ceiling windows galore, views over Los Angeles, a tennis court and a pool.

Mr. Wynn, who could not immediately be reached for comment, is worth $3.2 billion, according to Forbes. 

In 2018, he resigned as the chairman and chief executive of Wynn Resorts amid sexual-misconduct allegations. He’s denied any wrongdoing.  

This article originally appeared on Mansion Global.

Credit: marketwatch.com

RELATED ARTICLES
- Advertisment -

Most Popular