Billionaire former casino mogul Steve Wynn paid $49 million for a lakefront estate in Palm Beach.
Records show developers Patrick and Lillian Carney sold the 13,375-square-foot mansion at 1350 North Lake Way to an entity that lists Wynn Fine Art’s Las Vegas address and is managed by Nathan Lloyd.
Last month, the Carneys sold an oceanfront mansion in Palm Beach to hedge fund billionaire and Carolina Panthers owner David Tepper for about $68 million.
Wynn, founder and former chairman and CEO of Wynn Resorts, is no stranger to Palm Beach. In 2019, he paid $43 million for the oceanfront mansion at 1960 South Ocean Boulevard. A year earlier, he sold the lot at 1350 South Ocean Boulevard for more than $20 million.
Wynn resigned from his company in 2018 after multiple allegations of sexual misconduct were revealed by the Wall Street Journal, and after his ex-wife sued him, alleging that he paid a manicurist $7.5 million after forcing her to have sex with him.
The home he just purchased in Palm Beach was built in 2013 on a 0.8-acre property. It has eight bedrooms, nine bathrooms, two half-baths, marble and hardwood floors, a pool and a dock.
Property records show the Carneys paid $5.2 million for the property in 2011.
Palm Beach luxury home sales have skyrocketed throughout the pandemic. A trust linked to billionaire Charles Johnson recently paid nearly $22 million for a waterfront Palm Beach home on Everglades Island.
Last week, spec home developer Todd Michael Glaser paid $18.5 million for the former Palm Beach home of convicted sex offender Jeffrey Epstein. He plans to demolish it in April and replace it with a new mansion.