WEA News

WEA in the LA Times – Hot Property: Billionaire Steve Wynn buys Guess co-founder’s estate for $47.9 million

There’s a $47,851,500 reason that hotel and casino magnate Steve Wynn put his home in Bel-Air on the market recently after only eight months of ownership.

That’s what he spent in an off-market deal to pick up a mega-mansion in Beverly Hills last month, public records now show.

The seller of that sprawling 2.7-acre estate was Guess jeans co-founder Maurice Marciano. Details about the 19,299-square-foot mansion are scant, but tax records indicate the 1990s contemporary has eight bedrooms and 13 bathrooms.

Wynn’s for-sale property is a 1991 Traditional-style home set behind gates on about an acre near the Bel-Air Country Club.

The 11,027-square-foot mansion has five bedrooms and eight bathrooms. Tiered grounds include a focal-point swimming pool with a spa.

Wynn, 73, has a net worth of about $2.6 billion, according to Forbes.

He bought the property late last year in November for $16.25 million and has it listed at $17.45 million.

Jon Bronson and Mary Swanson of Coldwell Banker Residential Brokerage and Stephen Shapiro of Westside Estate Agency are the listing agents.

Click here to read the article on the latimes.com.