Your Mama Hears: Steve Wynn Buys Again

BUYER: Steve Wynn
SELLER: Maurice Marciano
LOCATION: Beverly Hills, Calif.
PRICE: (allegedly) $47.5 million

YOUR MAMA’S NOTES: We don’t know if any of y’all have been following Steve Wynn’s wild real estate ride in Los Angeles the last year or so, but we certainly have and — buckle your safety belts, butter beans — we hear from Platinum Triangle real estate mover and shaker Peter Propertyseller that the multi-billionaire gambling magnate has, in a covert off-market deal, plunked down somewhere in the neighborhood of $47.5 million for the Beverly Hills estate of alliteratively monikered Guess jeans co-founder Maurice Marciano. (According to Peter, the hush-hush asking price was $50 million.)

Property records we peeped at don’t yet reflect a transfer of ownership — making this all some juicy rumor and gossip for now — but do indicate Mister Marciano purchased the 2.69-acre spread in lower Benedict Canyon in April 1989 for $2.825 million and subsequently custom-built the existing residence. Various online resources that include the L.A. County Tax Man’s records suggest the three-story European villa measures in at an abundant 19,299 square feet with eight bedrooms and — for the superstitious — a potentially portentous 13 bathrooms. Since Mister Marciano, like Mister Wynn, is a ravenous and deep-pocketed collector of top-shelf contemporary artworks, we just assume the no-doubt super-luxe interiors have been optimized and secured to showcase and protect a world-class collection that we can all be certain is worth many times the (alleged) $47.5-ish million sale price. Privately situated down a private lane shared only by a couple of other residences — one of them an historic, Tinseltown-pedigreed home owned by super-producer Brett Ratner — the gated grounds include a sweeping driveway, front and rear motor courts, park-sized lawns ringed and shaded by mature foliage and specimen trees, a swimming pool and a poolside cabana.

Of course, the unrepentant cynic in this property gossip wonders just how long the Marciano spread will hold Mister Wynn’s famously fickle real estate interests. So the scuttlebutt goes, the seventysomething gaming mogul initiated but bailed out of at least two Platinum Triangle purchases including — oddly enough — that of Maurice’s brother Armand’s lavish, 15-acre-plus estate in Beverly Hills, originally listed at $63 million and still available at the hugely reduced price of $37.9 million. Some of the children may recall that we also heard word that Kimora Lee Simmons got serious about but didn’t complete the purchase of the estate as well. Anyhoo, so we’ve been told by several in-the-know insiders, Mister Wynn later moved forward with but again backed out of the purchase of the illustrious Liongate estate, a freshly rehabbed and hugely expanded mansion in Bel Air once owned by country music mandarin Kenny Rogers and eventually bought for $46.25 million by low-profile but clearly very rich rivet manufacturer Jim Randall. Finally, after at least two fits and starts, in November 2014 Mister Wynn bit the bullet and completed the $16.25 million purchase of an 11,000-square-foot, early 1990s villa of indeterminate architectural vernacular that backs up to the fairways at the highbrow Bel-Air Country Club. Alas, the casino kingpin quickly caught a classic case of the Real Esate Fickle and just six months later, in June 2015, the property popped back up for sale at $17.45 million. A month later the price inexplicably rose to $20 million and just a month after that it dropped back town to its original and current $17.45 million.

Popular on Variety

Mister Wynn and his second wife, Andrea Hissom, reportedly held the lease on a trio of contiguous villas at the eponymous Wynn resort in Las Vegas until earlier this year but, in truth, we have no idea if they continue to lease them or not. They do, however, continue to own a mansion-sized duplex penthouse at the southern edge of Central Park in New York City that they picked up in 2012 for a staggering $70 million, filled to the gills with a museum’s trove of major-league artworks and photographed for the March 2014 issue of Architectural Digest.

Aerial image: Bing

More Dirt

  • Demian Bicihir House Los Angeles

    Demian Bichir Goes Modern in L.A.'s San Fernando Valley

    Demian Bichir is switching residential gears, having selected a new home in L.A.’s increasingly desirable (and expensive) San Fernando Valley. Records show the Mexican-American veteran thespian forked out just under $2.9 million for the residence, and the house is located a quick drive to a bevy of restaurants and shopping destinations. Bichir, who hails from [...]

  • Meghan Markle House Malibu

    Meghan Markle, Prince Harry Eyeing Kylie Jenner's Former Malibu Rental House

    Although they’re currently bunking up in a $14 million Vancouver mansion, it’s long been widely speculated that ex-royals Meghan Markle and Prince Harry eventually plan to settle in Los Angeles, where Markle was raised and where her mother, Windsor Hills-based Doria Ragland, still resides. It was Caitlyn Jenner who first leaked the news that the [...]

  • Russell Brand House Los Angeles

    Russell Brand Snags Hacienda-Style Hollywood Hills Hideaway

    English performer Russell Brand has opted to ring in the new decade by springing for a celeb-style new house in the proverbial heart of Hollywood. The stand-up comic and occasional blockbuster actor (“Forgetting Sarah Marshall,” “Get Him to the Greek”) has paid just over $3 million for a very private property in Outpost Estates, a [...]

  • Dwyane Wade Gabrielle Union House Hidden

    Dwyane Wade, Gabrielle Union Drop $20 Million on Hidden Hills Mega-Manse

    Though they spent a fortune in 2018 on a big, brand-new mansion in the affluent foothills above Sherman Oaks, Calif., word on the celebrity real estate street is Gabrielle Union and Dwyane Wade have already substantially upgraded their residential circumstances with the roughly $20 million off-market purchase of a brand-new mega-mansion in the guard-gated and [...]

  • Kaley Cuoco House Hidden Hills

    Kaley Cuoco, Karl Cook Buy $12 Million Hidden Hills Estate

    Although they’ve been married for nearly two years, “The Big Bang Theory” alum Kaley Cuoco and billionaire heir Karl Cook still do not live together. (“We have an unconventional marriage,” Cuoco’s previously noted.) But that unusual setup looks like it has changed, or soon will, because the pair have jointly purchased their very first family [...]

  • Zaha Hadid Buildings Architect

    Zaha Hadid's Lasting Legacy on the International Architecture Community

    When a building designed by Zaha Hadid takes shape in your city, you might think for a second you’ve time-traveled 100 years into the future. But don’t worry. Marty McFly and his DeLorean won’t be waiting outside your front door. Four years after her death from a heart attack at 65, the innovative Iraqi British [...]

  • Adam Pritzker House Los Angeles

    Adam Pritzker Downsizes to $8.5 Million Beverly Hills Villa

    Though he’s still struggling to unload his Beverly Hills “starter” home — a lovely 1920s Spanish estate that’s lingered on and off the market for over two years — youthful entrepreneur Adam Pritzker has already moved on to greener pastures, quietly purchasing a slightly smaller villa on a good street elsewhere in the Beverly Hills Flats [...]

More From Our Brands

Access exclusive content