Casino Mogul Steve Wynn Rolls the Dice on a $110M Sale in Beverly Hills

The billionaire resort and casino developer Steve Wynn is looking for a big win on his estate in Beverly Hills. He's betting that he can double his money.

The post Casino Mogul Steve Wynn Rolls the Dice on a $110M Sale in Beverly Hills appeared first on Real Estate News & Insights | realtor.com®.

The billionaire resort and casino developer Steve Wynn is looking for a big win on his estate in Beverly Hills. He's betting that he can double his money in the country's most famous ZIP code.

Wynn paid $47,851,500 for the mansion around five years ago, and is now asking $110 million for the luxe property, which he purchased it in the summer of 2015 from the co-founder of Guess, Maurice Marciano.

On a large, lush 2.69-acre lot in the coveted Benedict Canyon area, it now has 11 bedrooms and 14.5 bathrooms, after the gaming mogul added about 8,000 square feet to the already enormous estate. It measures 27,150 square feet.

New lighting and audio systems, both indoors and out, were also added.

Wynn made sure the grounds and architecture met the standards he insists on at the posh resorts he's developed, including the Bellagio, the Mirage, and the Wynn in Las Vegas.

The mansion's grounds include a dramatic, parklike driveway and long, treelined walkways that serve to take you far from the city. There's also a pool and a pro tennis court, with a seating pavilion that includes a kitchenette.

One of many lounge areas in the Beverly Hills estate
One of many lounge areas in the Beverly Hills estate

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Driveway
Driveway

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Lushly landscaped walking path
Lushly landscaped walking path

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Professional tennis court and seating pavilion
Professional tennis court and seating pavilion

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Pool and poolhouse
Pool and poolhouse

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Inside, the mansion has a vast expanse of tasteful and elegant wall space, as well as exquisitely lit coffered ceilings, to show off treasures from Wynn's legendary art collection. Many of the public rooms have the vibe of a luxury hotel.

Grand entry
Grand entry

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One of several living rooms
One of several living rooms

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The fully equipped gym, with more than 17 pieces of equipment, is also of the caliber of a luxury hotel.

Luxury gym
Luxury gym

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The guest and staff accommodations, also comparable with those in a resort, include a guest lanai suite with a full kitchen and living room, three staff bedrooms with a staff kitchen, and two security-team bedrooms with a kitchenette.

A professional screening room is a must-have in a high-end SoCal mansion, and this cozy retreat is just the place to fire up a big-budget flick.

Screening room
Screening room

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The list of luxury features includes an extensive wine room, an elevator, and a massive master suite. The generous reception area comes with a bar room, plus an adjacent indoor-outdoor main dining area that seats at least two dozen.

Reception area
Reception area

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Extensive wine room
Extensive wine room

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Indoor/outdoor dining area
Indoor/outdoor dining area

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At 78, Wynn appears to be reconfiguring his public and professional footprint. In early 2018, he stepped down as CEO of Wynn Resorts and as finance chairman of the Republican National Committee, amid accusations of sexual misconduct, which he denies.


Source: realtor.com