Steve Wynn, the renowned casino mogul, has relisted his extravagant Beverly Hills estate for a jaw-dropping $75 million. This marks a significant price drop from its initial listing of $125 million in 2021, reflecting the current state of the housing market.
Key Takeaway
Steve Wynn has relisted his Beverly Hills estate for $75 million, marking a significant price drop from its original listing of
25 million in 2021. The property features a grand main house with 11 bedrooms, 16 baths, and a myriad of luxurious amenities, reflecting the current state of the housing market.
The Price Journey
After its first listing, the price of the property experienced a gradual decline. Initially offered at $125 million, the figure was later reduced to $115 million, then to $100 million, and further down to $85 million in January 2023, before finally settling at the current asking price of $75 million.
Property Highlights
The opulent estate boasts a sprawling main house with 11 bedrooms, 16 baths, and over 27,000 square feet of living space, all situated on a vast 3-acre property. The residence is equipped with luxurious amenities including a wine cellar, a pool house, an outdoor kitchen, a championship tennis court with a pavilion, a massage room, a full gym, and a state-of-the-art screening room, among other lavish features.
Market Reflection
The substantial price reduction aligns with the current real estate landscape, indicating a shift from the soaring market conditions observed during the pandemic. Despite the lowered price, the property offers an unparalleled opportunity for luxurious living.
