Steve Wynn nets profit on $16.6M sale of Bel Air mansion

Property sold for more than its last asking price

TRD LOS ANGELES /
Mar.March 07, 2017 12:00 PM

Steve Wynn has won again.

The casino magnate and hotelier sold his Bel Air mansion for $16.55 million — that’s more than half a million higher than the last asking price and $300,000 north of what he paid for it in 2014.

The buyers are Beverly Hills plastic surgeon Sheila Nazarian and her husband, neurosurgeon Fardad Mobin, the Los Angeles Times reported.

Sitting on an acre of land just outside of the Bel Air Country Club, the 11,000-square-foot property has five bedrooms and eight bathrooms. It features a family room with wet bar, a study, a media room, a chef’s kitchen, a formal living room and a gym with a sauna and a steam room.

Wynn owns a bigger house in Beverly Hills — a 20,000-square-foot mansion that he bought in an off-market deal in 2015 for $47.8 million, as well as a New York City penthouse on Central Park South that he snagged for $70 million.

Mauricio Umansky, Leonard Rabinowitz, Deedee Howard, and Jack Friedkin of the Agency brokered the deal on behalf of Wynn and the buyers. [LAT]Cathaleen Chen


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