Why is Steve Wynn Selling ALL of his Real Estate?

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Steve Wynn owns a TON of luxury real estate all over the country, but he is in the process of trying to sell $300 million worth of properties. He is selling a $100 million mega mansion in Beverly Hills. He is selling a $27 million winter retreat in Ketchum. He is selling a $90 million penthouse in New York City. And he is trying to sell a $79 million mega mansion in Palm Beach. In today's episode, we talk about Steve Wynn's real estate development journey, and then look at the property listings for each one of these multi million dollar homes that Steve Wynn is trying to unload.

I hope that you enjoy this video and if you have comments please leave them below! See you next video!

-Scott

#stevewynn #realestatenews

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[veronicaalessandrello]

I’m a big fan of the Wynn and Encore hotels. The most beautiful designs, exquisite craftsmanship designed to give you the best experience ever.
He is remarcable.

[BillyLapTop]

I believe he is doing estate planning for his eventual leave of this earth. He wants to actively be a part of the liquidation ahead of time and maximize the valuations for the purpose of paying down estate taxes. In this way he can avoid liquidations by executors who may just take a wholesale attitude towards these trophies. He is trying to maximize value as any prudent businessman would do.

[nickc]

I like your videos because the content is interesting and you have a chill vibe. Subbed

[butchlane]

Wynn is known for purchasing homes, stripping them down to the studs and rebuilding them. He has a penchant for lavish real estate and vibrant interior design choices. He has known and worked with designer RogerThomas for decades. Thomas also holds the position of head of design for Wynn Resorts. Working closely with Steve Wynn, he’s responsible not only for the acclaimed vision of the Wynn and Encore hotels, but also for the two Strip resorts that changed Las Vegas more than any others—the Mirage and Bellagio.
Most people are unaware Wynn built his casino and hotel empire while going blind. He was diagnosed in 1971 with retinitis pigmentosa, which causes gradual vision loss, and he became legally blind in 2010.
His lack of sight has long been attributerd to his love of colour throughout the spaces he owns.

[lcbrme]

The idaho house has to be a heated driveway

[CCIM]

Happy New Year Scott! Mr. Wynn is unbelievable. Great coverage.

[Real.Estate.Report]

Turns out there is a reason Steve likes those bright colors in his homes. He has a condition that has really impacted his vision.

[industrialize]

Great vid Scott! Interesting hearing more about his background and seeing his whole portfolio was fascinating!

[donttouchmysilver]

Amazing how the mob and his father who owned the most amount of Bingo parlors in the East Coast can really jump start your career to becoming a future billionaire too 😂

[avayu]

As a residential property investor, I would not do dated luxury props, because refurbishing costs and maintenance would take a while to recoup let alone appreciate. The DJ Zedd has a pretty nice modern luxe for $20m and now it already slashed by about 15-20%. We’re living in different times.

[rm-dctx]

You failed to mention the Picasso's on the wall. Wynn is a huge art collector and this artwork is probably worth MORE than the apartment.

[menaseven]

Nice video of Steve Wynn real estate empire. I like the West Palm Beach mansion and the Los Angeles mansion.

[privat]

He‘s a smart guy! Obviously the last call before the massive downturn over the next years!

[MrBondSinatra]

I’m from Biloxi Ms I actually worked at the Beau Rivage.

[Raiche]

Is there a field of study where housing/real estate is evaluated from a psychological perspective? Thanks!

[elizabethandrews]

I’m amazed at all the wall to wall carpeting in the NY high rise.

[chuckhan]

I am not 100 percent with this but I heard casino industries in Macau are in jeopardy due to the government renegotiation. Or maybe he just needs some cash?

[hz]

The NYC apt looks about 12-15 floors up. Unless the trees are 200 feet tall

[a.kaiser]

the room that you said was small in the central park penthouse is definitely not... lol its 44 feet wide and 15 feet high.. and spans the 45 foot terrace outside

[sierrapeaks]

I don't share his design taste, but I really want him to do great in all these deals!