Published on: November 17, 2025, 01:53h.
Updated on: November 17, 2025, 01:53h.
- Steve Wynn is now listing his Beverly Hills estate for $65 million
- The property was initially available for $135 million in 2020
Steve Wynn, the renowned casino magnate, has significantly reduced the asking price for his luxurious mansion in Beverly Hills, bringing it down to less than half of its original price.
The estate, situated at 1210 Benedict Canyon Rd in Beverly Hills, a coveted 90210 address, is now priced at $65 million—over half the original asking price of $135 million that was set back in 2020 for the sprawling 27,000-square-foot residence.
The property, which spans 2.7 acres and is accessible via a private cul-de-sac, offers impressive views of Los Angeles and Beverly Hills. Wynn acquired the estate in 2015 for $47.85 million.
Wynn invested substantial amounts into modernizing the mansion’s interiors and grounds to echo the luxurious ambiance of Wynn Las Vegas. He enlisted his long-time designer, Roger Thomas, to reimagine the property’s aesthetic.
To view photos of the estate by listing agent Leonard Rabinowitz from Christie’s International Real Estate, click here.
Wynn’s Notable Setbacks
Despite his successes, Steve Wynn’s career has seen its share of challenges. Though he faced controversy leading to his departure from the company he founded amidst allegations of misconduct—claims he continues to deny—his legacy in Atlantic City and Las Vegas has solidified him as one of the industry’s wealthiest figures.
Following his exit in 2018, Wynn shifted his focus to flipping properties in South Florida while also aiming to divest his real estate holdings in California and Nevada.
In 2022, he sold his expansive Summerlin home on Billionaire’s Row for $17.5 million—marking a significant reduction from the initial $25 million asking price.
However, the renowned Benedict Canyon property in Beverly Hills has proven challenging to sell. It has been listed intermittently for over five years; its 11 bedrooms and 16 bathrooms may be adversely affected by the ongoing wealth migration from Southern California.
Rising interest rates could further complicate matters. With a 6% interest rate and a $13 million down payment, the monthly payments for a buyer could reach approximately $364,000 in principal and interest, plus property taxes, over a 30-year term.
Price fluctuations have been notable, with values ranging from $135 million down to $75 million earlier this year. The latest reduction marks the best price point for this property yet.
Luxurious Features
Nicknamed Villa Lulu, Wynn’s Beverly Hills mansion boasts an impressive array of amenities, including a guest suite with a complete kitchen and living area.
The main house features a grand entrance, expansive living areas, both indoor and outdoor dining options, a magnificent great lawn with panoramic city views, a theater, a wine cellar, a full-sized gym, and a spa. There’s ample parking for up to 26 vehicles across the garage and carport.
The estate grounds include an outdoor tennis court complete with an air-conditioned viewing area and kitchenette, a swimming pool, and paved pathways. An internal generator is capable of powering the entire property for an entire week.