Steve Wynn Sells Beverly Hills Estate For $47.75 Million
Casino mogul Steve Wynn has finally sold sprawling Beverly Hills estate for $47.75 million after nearly 5 years. Wynn attempted to sell the property a few times over the last couple of years with an initial $135 million price tag in 2020.
Wynn originally purchased in 2015 for $47.8 million from Guess co-founder Maurice Marciano, the casino mogul spared no expense reimagining the property, pouring millions more into renovations that expanded both its scale and its splendor.
Wynn, the billionaire behind some of Las Vegas’ most iconic resorts, infused the home with the same level of grandeur found in his five-star casino properties, such as The Bellagio, Mirage, and Wynn, as mentioned in Daniel Madariaga’s YouTube video.
Property Highlights
- Price: $47.75 million
- Location: Beverly Hills, CA
- Size: 27,150 square feet
- Lot: 2.7 acres
- Bedrooms: 11
- Bathrooms: 16
- Features: Grand entertaining spaces, resort-style pool, manicured gardens, security pavilion, home theater, guesthouse
A First Look at The Home
A Zillow pin from Pinterest offers a striking first look at Steve Wynn’s Beverly Hills estate, Villa Lulu, an architectural masterclass in grandeur and perspective, perched above a sweeping curve of manicured turf etched with a lotus-inspired motif.
From the upper terraces, a pin from Robb Report shows how the home opens to cinematic vistas of the Los Angeles skyline just beyond the gated lawn that frames the 2.7-acre estate like a private park, with the sculpture of a racehorse added to the lawn as a nod to Wynn’s flair for the theatrical.
Would Buying This Home Really be a Wynn?
From just a glimpse of the outside of the estate, you can see the luxury beginning to unfold. But how does the home actually rank in terms of quality, and is it really worth a $75 million price tag?
Shortly after the listing went live, a few years ago, real estate agent Arvin Haddad released a video critique of Wynn’s home, evaluating it across 10 key factors, such as location, views, and layout, to determine what he believes its true market value should be.
Our Top Three Estate Spots
Despite its high asking price and remaining unsold after four years, there are still standout features that leave us wondering how this home has stayed on the market so long.
#3: Home Office With a View
It wouldn’t be hard to stay motivated in an office with an unbeatable view of Beverly Hills and the skyline of downtown LA, courtesy of Zillow. Which is why this spot in Wynn’s estate found its way to our number three spot.
#2: Private Tennis Court
Tucked into a secluded corner of the property, Forbes gives us a look at the private tennis and basketball court, which offers both privacy and exclusivity tall hedges, so you can play without the pressure of an audience.
#1: Superman Living Room
Coming in at our all-time favorite spot in Wynn’s Beverly Hills home is this vibrant living room with a blend of bold color and high-end design as seen in Robb Report and the Los Angeles Times Pinterest posts.
We’re obsessed with the rich blue tufted sofas that immediately grab your attention, and the modern art pieces, including a Superman-themed painting and Picasso-inspired artwork, that add a playful contrast to the sophisticated furniture.
Expansive windows flood the space with natural light and frame sweeping views of the surrounding landscape, transforming it into a bright, multifunctional hub for daily living, making it our number one spot in the entire home.
Why is Wynn Selling?
Originally listed for a staggering $135 million, the mansion has undergone multiple price reductions in an effort to attract a buyer. The multiple relistings to get to $47.75 million reflects a significant adjustment in the ultra-luxury real estate market and the impacts of the LA mansion tax.
At the time of this listing, Steve Wynn also put several other properties on the market across the country, including residences in Palm Beach, New York City, and Idaho, as part of a broader effort to streamline his real estate portfolio.
A detailed analysis of these moves, along with insights into Wynn’s motivations for simplifying his holdings as he ages, can be found in the Real Estate Report’s YouTube video, which provides helpful context for anyone following the billionaire’s property shakeup.
Overall, Wynn, known for his empire of high-end casinos and resorts, spared no expense in crafting this one-of-a-kind residence. Now, with a more competitive price tag, this luxury estate seems better positioned to attract a new owner looking for one of Beverly Hills’ finest properties.
