Steve Wynn company flips Palm Beach, Florida home for $5.2M profit after 3 months
Wynn Resorts co-founder still owns two other Palm Beach homes
Campins Company founder and luxury real estate specialist Katrina Campins discusses her outlook for the market.
Casino mogul Steve Wynn walked away from a Palm Beach, Florida, property with a jackpot.
A company controlled by the billionaire just flipped a waterfront home in the beach community for $23.68 million that it had purchased in December for $18.4 million, the Palm Beach Daily News reported.
The 7,273-square-foot Mediterranean-style home sits on the Intracoastal Waterway with 155 feet of water frontage and a private dock, according to former listing details.
STEVE WYNN LISTS LOS ANGELES MANSION, A ‘PERSONAL RESORT,’ FOR $110M
The 2020-built home features four bedrooms, five bathrooms and one half-bath. It also has a glass wine cellar, a fireplace and an elevator.
Outside, there’s a covered balcony, a 40-foot pool with a sun shelf and a spa.
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The buyer in the second sale was an attorney from Cincinnati, Ohio, the Daily News reported.
Wynn, the co-founder and former CEO of Wynn Resorts who resigned in 2018 amid sexual misconduct accusations, has a net worth of $3.2 billion, according to Forbes. He still owns two other homes in Palm Beach, the Daily News reported.