Billionaire Steve Wynn Selling Bel Air Mansion for $16M

Billionaire Steve Wynn Selling Bel Air Mansion for $16M

Published: May 31, 2016 | By: American Luxury Staff

Hotel mogul Steve Wynn is more than ready to move on from his Bel-Air estate in Los Angeles. It now stands on the market for $15.95 million, $300,000 less than he paid for the home back in 2014.

Wynn actually listed the property only six months after purchasing it, and the gated compound has been on the market for $17.45 million, $20 million, and most recently $18.25 million as of last summer.

The 11,000-square-foot home sits on almost an acre right next to the fairways of the Bel-Air Country Club. The mansion holds five bedrooms and eight bathrooms and features a family room with a bar, a media room, a wood-paneled library, and a gym.

Wynn eventually found his Los Angeles dream home in the form of a 20,000-square-foot manse on 2.7 acres in Beverly Hills that he purchased from Guess jeans co-founder Maurice Marciano for nearly $48 million.

The $2.7 billion businessman also owns a duplex penthouse on Central Park South in New York City that he scooped up for $70 million in 2012.

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