Steve Wynn snaps up $43 million Florida mansion

By Real EstateFOXBusiness

New mansion tax could push more New Yorkers to Florida

DeBianchi Real Estate’s Samantha DeBianchi gives her take on the new mansion tax in NYC and the great tax exodus.

Former casino mogul Steve Wynn has a new Palm Beach, Florida, beach estate.

Continue Reading Below

The former chairman and CEO of Wynn Resorts has purchased a 24,600-square-foot mansion that will neighbor the home of New England Patriots owner Robert Kraft.

MORE FROM FOXBUSINESS.COM...

Wynn, who was forced to resign from his executive role after sexual misconduct allegations in 2018, paid $43 million through an LLC tied to Wynn Fine Art, according to the Real Deal. The oceanfront estate is just minutes from President Donald Trump’s Mar-a-Lago resort.

The massive estate includes eight bedrooms, a billiards room, a chef’s kitchen with butler’s pantry, a wine cellar and staff quarters, loggias, terraces, a guest house and a pool house.

Wynn bought the 2.25-acre property from designer Emma Cisneros, who comes from a Venezuelan media conglomerate family and paid $33.6 million for the property in 2005.

CLICK HERE TO READ MORE ON FOX BUSINESS

Last year, Wynn sold his mansion down the street for around $20 million. Before settling on this beach house, Wynn reportedly considered the former estate of Broadway producer Terry Allen Kramer around the corner.

What do you think?

Click the button below to comment on this article.