Steve Wynn Shaves Another $10M off Beverly Hills Estate Asking Price
Steve Wynn has once again slashed the price of his gigantic Beverly Hills estate, marking the latest adjustment in his long-running efforts to find a buyer for one of the city’s most high-profile luxury listings. The 80-year-old casino mogul is asking $65 million for the property in Benedict Canyon, which is $10 million less than the $75 million tag attached earlier this year and $70 million less than the $135 million figure pitched in 2020.
Steve Wynn
Beverly Hills
$65 million
Benedict Canyon
$10 million less
$75 million
$70 million less
$135 million
The Mansion Is Fit for a King
Even at its newly reduced price, the estate remains one of the most expensive private homes on the Los Angeles market. The property boasts over 27,000 square feet of living space, situated at the end of a quiet, private lane. It offers the kind of scale and amenities that are more typical of Wynn’s hotel and casino business than for a residence.
most expensive
over 27,000 square feet
scale and amenities
According to public records, Wynn bought the property in 2015 for roughly $48.7 million. He then invited Roger Thomas, his long-time design partner and the man behind the interiors of several Wynn and Encore resorts, to overhaul the home. The resulting expansion added roughly 8,000 square feet and a comprehensive redesign that transformed the house from a more traditional look to its current contemporary, gallery-like aesthetic.
$48.7 million
Roger Thomas
8,000 square feet
The estate’s current listing emphasizes its privacy and scale. The mansion features 11 bedrooms, with four guest suites designed for long-term stays. Inside, glass-wrapped rooms capture sweeping views of the city. Some standout features include a dedicated screening room, wine chamber, massage suite, and extensive entertaining spaces. Outside, one can find a full tennis court, pool, and spacious lawns.
privacy and scale
11 bedrooms
extensive entertaining spaces
Wynn Seeks to Reduce His Real Estate Portfolio
Despite its outstanding features, the mansion has now been listed at four different price tags since hitting the market. The constant revision of the price indicates that Wynn is keen to find a potential buyer for the property. This development aligns with ongoing divestment efforts regarding his personal real estate holdings.
four different price tags
ongoing divestment efforts
In April, Wynn reduced the asking price for his penthouse at 3101 Boardwalk in Atlantic City to $2.2 million from the original listing of $4 million. Initially, the property served as his home base during his years overseeing the Golden Nugget, the casino he opened on the city’s Boardwalk in 1980 after razing an old motel on the site.
3101 Boardwalk
Atlantic City
$2.2 million
$4 million
Golden Nugget
1980
These properties reflect Wynn’s journey that led him to become one of the most influential developers in Las Vegas history, steering Mirage Resorts and then Wynn Resorts through some of the Strip’s most transformative periods. For now, the Benedict Canyon estate remains unsold. While the latest price cut reportedly renewed interest in the property, it is unclear whether a buyer will finally step forward.
reflect Wynn’s journey
Las Vegas
remains unsold
