Steve Wynn's Beverly Hills Mansion Sells at $87M Loss After Five Years
Casino mogul Steve Wynn's Beverly Hills estate, Villa Lulu, has sold for $47.75 million, a steep discount from its original $135 million asking price. The luxury property spent more than five years on the market before finally attracting a buyer. The sale came after multiple price reductions and extensive renovation work on the estate. The transaction underscores the difficulties sellers face in the ultra-luxury real estate segment, even in prime locations like Beverly Hills.
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