Steve Wynn, famed for his fancy casinos, is also pretty famous for being "Real Esate Fickle"—like how he almost bought but ultimately backed away from the one-time Kenny Rogers estate Liongate—but he may have just sealed the deal (off-market, of course) on a Beverly Hills spread owned by Guess? co-founder Maurice Marciano. Variety reports that Wynn's newly acquired, super-private estate is a three-story "European villa" that measures 19,299 square feet, has eight bedrooms, and 13 bathrooms.
The gated property, which sits at the end of a private road, has motor courts in front and back, a long driveway, a pool and cabana, and is pretty much surrounded by large trees and bushes for even more privacy. Marciano bought the 2.69-acre parcel in 1989, paying $2.825 million, and then proceeded to built the current estate on the property. Variety says that the sale was rumored to be for around $47.5 million, but TMZ hears that it was more like $50 million, and that the transaction was all in cash.
· Your Mama Hears: Steve Wynn Buys Again [Variety]
· Steve Wynn – I'm a High Roller In Beverly Hills Now [TMZ]