Steve Wynn’s Las Vegas “Billionaire’s Row” Mansion Sells at Discounted Price of $17.5 Million In All Cash Deal
LAS VEGAS, NV – Steven Wynn, a real estate businessman and art collector known for his involvement in the luxury casino and hotel industry, has finallysold his mammoth Las Vegas mansion for a fairly deep discountafter originally listing it on the market in 2020 for $25 million.
The buyer, affluent British businessman Simon Dolan,stepped up to purchase Wynn’s opulent residence, with property records indicating that the closing price on the property – $17.5 million – was well below the initial asking price when it was first listed two years ago.
Wynn closed on the sale on June 1. Up until that point, the property had been on and off the market several times, with the asking price lowered in March 2022 to $24.5 million; this number represents 30 percent over and above what Dolan would finally end up paying for the residence.
Located at 1717 Enclave Court, the estate comes in at 15,000 square feet with six bedrooms and nine bathrooms, situated on a street that is known as “billionaire’s row” for its many mansions and high-priced properties.
The mansion, which recently benefitted from a major renovation project, features a plethora of amenities including a game room, wine closet, gilded doors, silk carpeting, a butler’s pantry, and a full wing dedicated to a live-in caretaker. There are also extensive security features, including infrared security cameras monitoring the grounds and a backup power system in case of power failure.
The all-cash deal, despite the discounted price, still qualifies as a successful transaction for Wynn; he had originally purchased the property in March 2018 for $13 million, represents a tidy profit for the businessman, even with the money he invested into renovations.
Famed magician David Copperfield owns a neighboring mansion, a 31,000-square-foot estate that he purchased in 2016 for $17.55 million, the highest price ever paid for a Las Vegas mansion at the time; due to Wynn’s estate selling for a discounted price, it failed to set a new record.
Shelter Realty is a Real Estate and Property Management Company specializing in the areas ofHenderson,Las VegasandNorth Las Vegas, NV. Feel free to give us a call at702.376.7379 so we can answer any questions you may have.
About the Author
-
Christopher Boyle
https://www.shelterrealty.com/author/cboyle/
-
Christopher Boyle
https://www.shelterrealty.com/author/cboyle/
-
Christopher Boyle
https://www.shelterrealty.com/author/cboyle/
-
Christopher Boyle
https://www.shelterrealty.com/author/cboyle/
FAQs
The buyer, affluent British businessman Simon Dolan, stepped up to purchase Wynn's opulent residence, with property records indicating that the closing price on the property – $17.5 million – was well below the initial asking price when it was first listed two years ago. Wynn closed on the sale on June 1.
Who is the richest family in Las Vegas? ›
From building Strip casinos and hotels to entertainment companies, these are the billionaires that call Las Vegas home.
- Sheldon Adelson. Net Worth: $35.5 Billion. ...
- Nancy Walton Laurie. Net Worth: $5.6 Billion. ...
- Steve Wynn. Net Worth: $3 Billion. ...
- Elaine Wynn. Net Worth: $2.3 Billion. ...
- Phil Ruffin. ...
- Frank Fertitta III. ...
- Lorenzo Fertitta.
The four-bedroom, six-bathroom Henderson mansion — located at 685 Dragon Peak Park — is listed for $34 million. Clark County property records show it sold for $25 million in 2021 to billionaire Anthony Hsieh, founder of the mortgage firm LoanDepot as the first owner of the newly built property.
What celebrity lives in Lake Las Vegas? ›
Celine Dion. She may be born in Canada but this phenomenal songstress found her home in Las Vegas with her late husband and children. She and her three sons occupy a sprawling home in an exclusive waterfront community near Lake Las Vegas.
Where do the rich and famous live in Las Vegas? ›
Spanish Hills, MacDonald Highlands, Spanish Trail Country Club, and Tournament Hills are among the more lavish neighborhoods in Las Vegas, boasting a range of luxurious features, including golf courses and custom high-end homes.
Who owns most of Las Vegas? ›
New York-based Vici, the biggest property owner in Las Vegas' famed casino corridor, owns Caesars Palace, MGM Grand, Mandalay Bay, The Venetian, The Mirage and other huge hotel-casinos along Las Vegas Boulevard.
Who has the highest Vegas residency? ›
Celine Dion's A New Day..., from 2003 to 2007, is the most successful concert residency of all time, grossing over US$385 million ($565.73 million in 2023 dollars) and drawing nearly three million people to 717 shows.
Where do celebrities stay when they go to Vegas? ›
MGM Grand Hotel and Casino
The biggest hotel (by room count) in Las Vegas has the biggest casino in town, many of the best restaurants, a huge range of on-site entertainment options, and an enormous and fun pool complex, perfect for C-list celebrity sightings.
Do famous people stay at the Bellagio? ›
The Bellagio Queen Suite is great for couples and bigger groups since it has a separate living area, whirlpool, and the option of connecting to a Tower Deluxe Room. Justin Timberlake and Jessica Biel have been guests and now, 'it's gonna be you.
How much do you need to live comfortably in Las Vegas? ›
According to a recent study by SmartAsset, a single adult in Las Vegas needs to make more than $94,000 a year to have a comfortable lifestyle. That's an hourly wage of $45.40. For families, consisting of two working adults and two children, the combined income needed to live comfortably soars to $239,366 annually.
A favorite with celebs including Fergie, Adam Levine, Katy Perry and the entire Kardashian clan, STACK is known for its inventive American cuisine, reinterpreted with modern techniques under the direction of Executive Chef Brian Massie.
What is the most expensive part of Las Vegas? ›
THE RIDGES IN SUMMERLIN
QUICK VIEW: Among the villages in Summerlin, The Ridges is hailed as its crown jewel. This prestigious and exclusive community tops the list of the wealthiest neighborhoods in Las Vegas.
Who has the most money in Las Vegas? ›
Table of Contents
- Introduction.
- Las Vegas: The Glittering City.
- Who are the Wealthiest People?
- Sheldon Adelson: The Casino Mogul.
- Steve Wynn: The Resort King.
- Elaine Wynn: The Casino Queen.
- Phil Ruffin: The Entrepreneur Extraordinaire.
- Kenny Epstein: The Real Estate Tycoon.
With an estimated net worth of $36.4 billion, Sheldon Adelson is the wealthiest person in Nevada and one of the 20 wealthiest people in America. Adelson is the founder, chairman and CEO of Las Vegas Sands, one of the largest casino and resort companies in the world.
Which family owns the most money? ›
The top 10 richest families in 2023 by estimated wealth are:
- The Al Nahyan family with $305 billion.
- The Walton family with $259.7 billion.
- The Hermès family with $150.9 billion.
- The Mars family with $141.9 billion.
- The Al Thani family with $133 billion.
- The Koch family with $127.3 billion.
Home to "Billionaires Row", the guard-gated community is located in The Hills South of Summerlin on the private TPC Summerlin golf course. The Enclave, aka “Billionaires Row” is a second gated community within Country Club Hills and is where you can find seven of the biggest and most expensive homes in Las Vegas.
