Steve Wynn Lists Beverly Hills Mansion Again with $50M Discount

Posted on: January 17, 2024, 06:31h. 

Last updated on: January 18, 2024, 11:56h.

Corey Levitan Read More
Expertise: Commercial Gaming, Entertainment, Expert Insight, Las Vegas.

Beverly Hills — that’s where Steve Wynn doesn’t want to be. The disgraced former casino magnate is taking another shot at unloading his 90210 mansion, but he’s had to offer $50M off the $125M he asked for three years ago, which is $10M off his 2021 price, $25M off his 2022 price, and $10M off his 2023 price.

Steve Wynn's former Beverly Hills estate
Steve Wynn’s former Beverly Hills estate, which sits on 2.7 acres at 1210 Benedict Canyon Drive, has some of the priciest property taxes in the nation. Its 2022 bill was approximately $654K on a property assessment of $54.8M. (Image: Westside Estate Agency, inset: Associated Press)

Built in 1994, Wynn’s Beverly Hills estate has 11 bedrooms and 16 baths in more than 27K square feet of living space.

Its amenities include a state-of-the-art screening room, an attached guest house, an outdoor pool and kitchen, a championship tennis court with a pavilion, a wine cellar, and a full gym and massage room.

Steve Wynn’s Beverly Hills mansion has a view of the downtown Los Angeles skyline. (Image: Compass)

Some Things Sell, Some Don’t

Wynn, 81, had no problems finding buyers for his 11.8% stake in his namesake casino empire. That’s when he departed Wynn Resorts amid allegations that he handled himself improperly around female subordinates during his career.

After selling his shares for about $2.1 billion in March 2018, Wynn exited the gaming industry and relocated to South Florida, where he now flips beachfront property and collects art.

With interest rates still soaring, Wynn will presumably need to find a cash buyer. That’s how he sold his mansion on Las Vegas’ “Billionaire’s Row” in April for $17.5M in cash. It was a deep discount from his initial $25M asking price in June 2020.

Wynn is also still trying to sell his Central Park penthouse and his former Lake Tahoe estate.

Kurt Rappaport of Westside Estate Agency Inc. holds the Beverly Hills listing.