Steve Wynn finds buyer for Las Vegas mansion, flips Florida house

Billionaire Steve Wynn landed a buyer for his lavish Las Vegas mansion and, records point out, flipped a luxury waterfront dwelling in Florida for millions above his bewitch ticket.

The 80-year-extinct outdated casino developer is below contract to sell his 15,000-square-foot residence in Las Vegas’ Summerlin community, list broker Kristen Routh-Silberman confirmed Thursday.

The dwelling, which has been on and off the market over the previous few years, develop into priced at $24.5 million last plunge. A sale has been pending since March 18, its list history on Zillow shows.

Routh-Silberman, of Corcoran Global Living, declined to name the buyer, citing a nondisclosure agreement, nor would she verify the sales ticket until the deal closes.

However she stated that the acquisition is anticipated to end by the discontinuance of Also can unbiased and that the residence is now not selling above the asking ticket.

She additionally stated the residence obtained three offers, all of that keep in mind been all-cash.

Wynn’s mansion, 1717 Enclave Court, off Town Heart Pressure at Summerlin Parkway, has six bedrooms and 11 bathrooms. Constructed in 2001, it sits along the TPC Summerlin golf course and aspects a personal movie room, a climate-managed wine cellar, a crystal staircase, silk material and carpets, and marble pillars, in step with list offers.

Wynn supplied the space in 2018 for $13 million, property records present. It went up for sale in June 2020 at $25 million, with the list brokers asserting it had unbiased now not too prolonged previously gone thru a $16 million renovation.

The asking ticket dropped to $19.5 million in December 2020, and the list develop into eradicated altogether in March 2021. It went wait on on the market in October.

In Florida, in the meantime, Wynn sold a practically 6,700-square-foot residence in Palm Beach for $32 million this month, after searching to acquire it for $24 million in April 2021, in step with Palm Beach County property records and Florida and Nevada industry-entity filings.

Constructed in 1954, the 5-bedroom dwelling at 1040 N. Lake Capacity aspects a personal boat dock, a movie room and a recent kitchen, list offers present.

The seller’s representative, Lawrence Moens of Lawrence A. Moens Friends, didn’t suddenly respond to requests for comment Friday.

Wynn developed a lot of broad lodge-casinos on Las Vegas Boulevard. Beginning in the 1980s, he built The Mirage, Love Island, Bellagio, Wynn Las Vegas and Encore.

He laid the groundwork for one more big pattern on the Strip when his firm, Wynn Inns, supplied a deal in December 2017 to ticket 38 acres of land next to Vogue Expose mall for $336 million.

The next month, The Wall Avenue Journal reported allegations that Wynn had a decadeslong sample of sexual misconduct. Wynn, who known as the claims “preposterous,” quickly resigned as chairman and CEO of his firm, citing “an avalanche of negative publicity.”

In accordance to Forbes magazine, Wynn’s procure worth exceeds $3 billion.

Contact Eli Segall at [email protected] or 702-383-0342. Educate @eli_segall on Twitter.