Celebrity Homes

Casino mogul Steve Wynn slashes mansion price by US$10 million

Steve Wynn has cut the price of his Beverly Hills megamansion by another $10 million, bringing the asking price down to $65 million (AUD$98.7 million), less than half of its original $135 million (AUD$205 million) listing in 2020.

The sprawling 27,000-square-foot property on Benedict Canyon Drive sits on 2.7 acres and features 11 bedrooms, including four en suite guest bedrooms and a guest ‘lanai suite’ with its own veranda. 

The mansion also includes dedicated accommodations for staff and security teams, each with their own kitchens.

According to Mansion Global, an entity connected to Wynn purchased the property in 2015 for $48.7 million (AUD$74 million).

Photo: Leonard Rabinowitz/Christie’s International Real Estate

The billionaire casino developer, known for creating some of Las Vegas’s most iconic hotels and casinos, then enlisted Wynn Resorts designer Roger Thomas to reimagine the interiors.

The luxury residence boasts an impressive array of amenities, including a great room with sliding doors that open to city views, a wellness suite, private cinema, and wine tasting room. 

Photo: Leonard Rabinowitz/Christie’s International Real Estate

The property’s extensive grounds were redesigned by renowned landscape architect Robert Truskowski.

The grounds also include a tennis court with an air-conditioned seating area, a pool house with its own lanai, and a garage and carport with enough spaces for a total of 26 cars.

Wynn initially shopped the property off-market with an ambitious $135 million (AUD$205 million) price tag before officially listing it in 2021 for $115 million (AUD$174.6 million). 

Photo: Leonard Rabinowitz/Christie’s International Real Estate

Since then, the price has steadily decreased.

The property returned to market in January 2024 asking $75 million (AUD $113.9 million) before this latest price reduction to $65 million (AUD $98.7 million), marking a significant 52% discount from its original asking price.

Leonard Rabinowitz of Christie’s International Real Estate has the listing.

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Rowan Crosby

Rowan Crosby is a senior journalist at Elite Agent specialising in finance and real estate.