Steve Wynn Cashes in With a $16.5M Sale of His Bel Air Estate
Steve Wynn Cashes in With a .5M Sale of His Bel Air Estate
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Casino king Steve Wynn has folded his cards in Bel Air, CA, after finding a buyer for his gated $16.55 million estate, according to the Los Angeles Times. The buyers are a couple of Beverly Hills surgeons.
The 11,027-square-foot, modern Mediterranean includes a double staircase descending into the entry foyer, a living room that leads to a terrace, a gorgeous wood-paneled study, and a family room with wet bar. Upstairs, there’s a master suite with fireplace and private balcony overlooking the links of Bel Air Country Club.
Outside the five-bedroom, eight-bath home lies a swimming pool and spa, a putting green, and koi pond.
Wynn purchased the property in 2014 for $16.25 million, then pushed his chips back onto the table in June 2015 when he listed it for $17.45 million. He raised the stakes a month later to $20 million. Since then, the asking price was whittled down to $16.9 million in January, before finally selling for a little less. The current median list price for homes in the 90077 ZIP code is $2.3 million.
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Wynn is the CEO of Wynn Resorts, which is responsible for such luxury resorts as Wynn Las Vegas, Encore, and Wynn Macau. He’s widely credited with reviving the Strip in Las Vegas in the ’90s with the Mirage, Treasure Island, and Bellagio. In 2006, he was inducted into the American Gaming Association Hall of Fame.
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