Steve Wynn’s Beverly Hills Home Tops Last Week’s Contracts

There was no summer slowdown in the world of luxury real estate last week as two homes in Los Angeles County asking more than $40 million went into contract.

Billionaire gaming magnate Steve Wynn’s 11-bedroom, 20-bathroom mansion at 1210 Benedict Canyon Drive in Beverly Hills asking just shy of $50 million went into contract on June 22. It was the priciest home to go into contact last week in the county — based on a report compiled by Marcy Roth of Douglas Elliman’s Eklund Gomes team. The Eklund Weekly Luxury Report Los Angeles rounds up single-family homes and condominiums listed in the Multiple Listing Service for $4 million or more and lists the top contracts based on asking price.

The 27,000-square-foot home hit the market in January 2025 with a $75 million price tag before undergoing several cuts. Prior to that, it had been listed and unlisted for a few years without finding a buyer — and at one point in 2021, it asked $125 million. Wynn purchased the home in 2015 for $47.9 million and subsequently renovated and expanded it.

Designed by architect William Hablinski, the contemporary home sits on a nearly 3-acre lot and includes amenities such as a Bel-Air Circuit capable digital cinema, a spa suite, a large gymnasium, guest house, staff quarters, a tennis court, an elevator and pool house. Leonard Rabinowitz with Christie’s International Real Estate holds the listing.

The Benedict Canyon Drive property was one of 28 luxury residences to go into contract last week with a total asking volume of $279.6 million. That’s 10 more contracts than the same period last year and more than double the asking volume.

“The luxury market continues to show that while overall activity can fluctuate, demand remains strong for exceptional properties at the very top of the market,” Roth said in her report.

The second priciest home to go into contract last week was at 10250 West Sunset Boulevard in Holmby Hills with an asking price of $43.5 million. The owner of the 14-bedroom, 30,000-square-foot home is Lubov Azria, widow of fashion designer Max Azria who founded BCBG Max Azria.

Known as the Azria Estate, the home hit the market in April and, since it’s within Los Angeles city limits, is subject to the Measure ULA mansion tax. If the sale price is close to asking, that means Azria will have to shell out around $2.4 million.

The Agency’s Mauricio Umansky and Farah Levi hold the listing for the mansion which includes a sauna, theater, tennis court with stadium seating, waterfall, pool, Japanese garden and a greenhouse. Built in the 1930s by architect Paul Williams, the Georgian Colonial home has been on and off the market for a decade and first sought $85 million in 2015.