Magazine article Variety

Casino Magnate Steve Wynn Relists at a Loss in Bel-Air

Magazine article Variety

Casino Magnate Steve Wynn Relists at a Loss in Bel-Air

Article excerpt

International gambling tycoon Steve Wynn is so eager to sell an unwanted mansion in L.A.'s Bel-Air community that he's put it on the market at $15.95 million, $300,000 less than he paid for the 11,000-square-foot spread in late 2014. Just six months after he signed on the deed's dotted line, Wynn, who presides over a fortune of $2.7 billion, according to Forbes, caught a raging case of Real Estate Fickle, and flipped the gated estate back on the market at $17.45 million. The price soon inexplicably rose to $20 million before it was dropped to $18.25 million late last summer.

The lavishly appointed and carefully maintained, if somewhat dated, mansion sits on nearly an acre that abuts the fairways of the Bel-Air Country Club, and includes a family room with bar and a paneled library. The manse's five bedrooms and eight bathrooms encompass a discrete suite for the staff, two guest suites on the upper level, and a golf-course-facing master suite. A fifth bedroom, media lounge, and gym are on the lower level.

The lavishly appointed and carefully maintained, if somewhat dated, mansion sits on nearly an acre that abuts the fairways of the Bel-Air Country Club, and includes a family room with bar and a paneled library. …

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