Casino Tycoon Steve Wynn Drops Price on Bel-Air Mansion (EXCLUSIVE)

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.

Before buying the Bel-Air mansion he apparently never really wanted, Wynn, according to Platinum Triangle real estate rumor, backed out of escrow on a couple of major estates, one owned at the time by Guess jeans co-founder Armand Marciano and since sold to British pop star Robbie Williams and another that was finally bought by rivet tycoon Jim Randall. Wynn finally settled on a nearly 20,000-square-foot mansion on 2.7 prime Beverly Hills acres acquired in an off-market deal from Armand’s brother, Maurice Marciano, in August 2015, for a bit more than $47.8 million. Wynn presumably still holds leases on a trio of contiguous villas at his eponymous Wynn resort in Las Vegas, and he maintains a vast, art-filled duplex penthouse on New York City’s Central Park South snapped up in 2012 for a mind-boggling $70 million.

listing photos: Westside Estate Agency

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