Originally offered at $135 million four years ago, the 27,000-square-foot house and one-acre hillside grounds are still seeking a wealthy buyer...
Steve Wynn just can't seem to catch a break on either coast. Last month, this eighty-year-old gambling tycoon, who is legally blind, pulled his luxury penthouse in New York City off the market, despite significantly lowering the initial price from $90 million to $65 million. Wynn paid a staggering $70 million for the Ritz-Carlton duplex over ten years ago, but even though he was willing to lose millions on this deal, a buyer still failed to materialize.
Things aren't going any better in California, where Wynn recently re-listed his exceptionally lavish mega-mansion in Beverly Hills, asking for $75 million. He purchased the one-acre estate almost ten years ago, in the summer of 2015, paying around $48 million for the property after a years-long, publicly followed search for a home in Los Angeles. This sumptuous estate then underwent a multi-million dollar remodel that included a completely new exterior and interior design.
In early 2020, Wynn listed the luxurious property on the market, asking for $135 million. Four years later, the house remains unsold, and the initial price has drastically dropped by an incredible $60 million - a 44% decline from what the eighty-two-year-old originally desired.
Today, this International-style mansion spans approximately 27,000 square feet of living space. Built by Guess co-founder Maurice Marciano in the early 1990s, with architecture by William Hablinski, the house offers 10 bedrooms, 16 bathrooms, and an elevator for easier navigation through the massive structure. There is a professional screening room with stadium-style seating, a gym, wine room, four family/guest bedroom suites, and a luxurious master bedroom with two bathrooms, closets, dressing rooms, and a private office.
An estate of this size requires a permanent staff, so the main house also offers separate accommodations for workers - one with three bedrooms and a kitchen for the domestic staff, and another with an additional three bedrooms and a kitchen for the private security team.
Other amenities include a decadent living room with views of the city lights, a formal dining room with a fireplace, and a "reception" room with red walls and a convenient wet bar. The exterior features formal gardens, manicured hedges, and a carefully curated selection of mature trees. There is also a lit tennis court with a seating house with air conditioning and a kitchen. Additionally, a rectangular pool is located in a private part of the property, right next to a convenient pool house with another kitchen and changing facilities. The landscaping of Wynn's park was designed by Robert Truskowski; the interior decor is by Roger Thomas of Wynn Resorts.
Even if Wynn were to suddenly sell both his Beverly Hills estate and New York penthouse tomorrow, he still owns at least two more luxurious homes - in the picturesque winter resort of Sun Valley, Idaho, Wynn has a 25,000-square-foot mega compound. And in 2019, this billionaire paid about $43 million for an oceanfront property in the perennially fashionable Palm Beach, Florida.
However, Wynn's most expensive home is his floating "villa" Aquarius - a 302-foot, $215 million superyacht with a helipad, beauty salon, and a crew of 30.