{"id":210695,"date":"2022-04-25T15:46:03","date_gmt":"2022-04-25T22:46:03","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=210695"},"modified":"2022-04-25T16:25:37","modified_gmt":"2022-04-25T23:25:37","slug":"steve-wynn-finally-finds-buyer-for-las-vegas-mansion","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/steve-wynn-finally-finds-buyer-for-las-vegas-mansion\/","title":{"rendered":"Steve Wynn Finally Finds Buyer for Las Vegas Mansion on ‘Billionaire’s Row’"},"content":{"rendered":"

Steve Wynn disassociated from the Las Vegas gaming industry in early 2018. That was following a career-ending report published in The Wall Street Journal <\/i>that detailed numerous allegations of sexual misconduct committed by the casino magnate. But only recently is the 80-year-old fully divesting his investments in Southern Nevada.<\/p>\n

\"Steve
An aerial view of 1717 Enclave Court in Las Vegas’ Summerlin community. The mansion owned by Steve Wynn has found a buyer after being on the market for more than a year. (Image: Zillow)<\/figcaption><\/figure>\n

Wynn resigned from Wynn Resorts and sold off his entire stake in the Wynn and Encore Las Vegas owner-operator in February of 2018. He no longer has any control or ownership in his namesake company.<\/p>\n

Wynn relocated to Florida’s Palm Beach soon after. But he has struggled to find a buyer for his mansion back in Las Vegas’ affluent Summerlin community. The Las Vegas Review-Journal <\/i>reports that the billionaire has at long last sold his pad at 1717 Enclave Court in the prestigious TPC Summerlin neighborhood.<\/p>\n

\n

The 15,000-square-foot, six-bed, 11-bath estate has been on and off the market<\/a> for more than a year. The listing price has been firm at $24.5 million. Zillow <\/i>shows the listing as “under contract,” and the RJ <\/i>says Wynn reps confirmed a sale agreement has been reached.<\/p>\n<\/div>\n

However, Wynn’s listing agent — Kristen Routh-Silverman of Corcoran Global Living — declined to provide further details, such as the buyer’s identity or the price. But she did say the deal is an all-cash offer.<\/p>\n

Along with the steep purchase price, the new buyer will be on the hook for a $1,275 monthly HOA fee and annual property taxes that totaled $72,000 last year.<\/p>\n

Wynn Selling Amid Hot Market<\/b><\/h2>\n

Steve Wynn’s fortune remains north of $3 billion, financial media outlets like Forbes <\/i>estimate. The former casino exec has taken a liking to luxury real estate since exiting the gaming business.<\/p>\n

Along with his Summerlin sale, which Routh-Silverman says will close by the end of May and its details then made public, Wynn recently flipped a 6,700-square-foot estate in Palm Beach at 1040 N. Lake Way. After acquiring the property in early April 2021 for $24 million, Wynn found a buyer for $32 million.<\/p>\n

\n

The property underwent a makeover seemingly led by Wynn, as the home’s listing certainly has the d\u00e9cor and theme commonly found in Wynn’s five-star casino resorts. Wynn is reportedly working on his house flipping ventures with Roger Thomas, his longtime interior designer who helped envision the casino tycoon’s luxury properties.<\/p>\n<\/div>\n

The N. Lake Way property isn’t Wynn’s only successful flip in Palm Beach. The billionaire made about $5 million on another Palm Beach property only three months after acquiring it. Wynn sold the newly built home at 235 Via Vizcaya for $23.68 million last May after buying it for $18.4 million in February.<\/p>\n

Big One Remains<\/b><\/h2>\n

Wynn’s biggest real estate possession — 1210 Benedict Canyon in Beverly Hills, Ca. — remains on the market.<\/p>\n

One of the most expansive — and expensive — private residences in the entire country, the current asking price is $100 million<\/a>. That’s down from the $125 million advertised last year.<\/strong><\/p>\n

The abode is on a three-acre lot — nearly unrivaled in Beverly Hills — and spans more than 27,000 square feet. The 11-bed, 16-bath complex is described by listing agent Fred Bernstein of Westside Estate Agency as a “spectacular generational estate envisioned by a master who elevates luxury to the next level.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Steve Wynn disassociated from the Las Vegas gaming industry in early 2018. That was following a career-ending report published in The Wall Street Journal that detailed numerous allegations of sexual misconduct committed by the casino magnate. But only recently is the 80-year-old fully divesting his investments in Southern Nevada. Wynn resigned from Wynn Resorts and […]<\/p>\n","protected":false},"author":25,"featured_media":210698,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,3313],"tags":[],"acf":[],"yoast_head":"\nSteve Wynn Finally Finds Buyer for Las Vegas Mansion<\/title>\n<meta name=\"description\" content=\"Steve Wynn has finally sold his Las Vegas mansion in Summerlin after listing the estate for more than a year.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/steve-wynn-finally-finds-buyer-for-las-vegas-mansion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Steve Wynn Finally Finds Buyer for Las Vegas Mansion\" \/>\n<meta property=\"og:description\" content=\"Steve Wynn has finally sold his Las Vegas mansion in Summerlin after listing the estate for more than a year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/steve-wynn-finally-finds-buyer-for-las-vegas-mansion\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-25T22:46:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-25T23:25:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/04\/9b8d1f9bac26cdac8e7db6a9ad33ca0f-uncropped_scaled_within_1536_1152.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Devin O'Connor\" 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