Steve Wynn flips waterfront home in Palm Beach for $24M

Wynn’s entity bought the property in early January for $18M

Miami /
Mar.March 26, 2021 10:30 AM
Steve Wynn and 235 Via Vizcaya (Photos via Getty, Realtor)

Steve Wynn and 235 Via Vizcaya (Photos via Getty, Realtor)

Former casino tycoon Steve Wynn flipped a waterfront property in Palm Beach for $23.7 million, two months after buying it.

Records show 235VV Holdings LLC sold the home at 235 Via Vizcaya to Kristin L. Woeste as trustee of the HSH-PB Trust.

The selling entity is managed by attorney Michael Kosnitzky of Pillsbury Winthrop Shaw Pittman. According to the Palm Beach Daily News, Wynn controls the entity. The same Florida corporation bought the home in January for $18.4 million.

The address for the buying trust links to Wingate Companies, a Newton, Massachusetts-based real estate investment and management company. Woeste is a partner at Vorys, Sater, Seymour and Pease LLP in Cincinnati, according to her Linkedin page.

Property records show the 7,273-square-foot house has six bedrooms and five-and-a-half bathrooms. Built in 2020, the home also features a wine cellar, elevator and 155 feet of water frontage with a dock, according to the listing.

Earlier this month, Wynn purchased a lakefront estate in Palm Beach for $49 million.

Wynn, founder and former chairman and CEO of Wynn Resorts, is a frequent investor in 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.

Among other pricey sales in Palm Beach this month, private equity investor E. Burke Ross Jr. sold a mansion for $45.6 million, and spec home developer Todd Michael Glaser flipped a landmarked Palm Beach estate he was restoring for $27.5 million, including commissions.






    Related Articles

    arrow_forward_ios
    IRA Capital makes $16M medical office play in Boca Raton
    IRA Capital makes $16M medical office play in Boca Raton
    IRA Capital makes $16M medical office play in Boca Raton
    2714 Sheltingham Drive with Fred and Lora Jean Drasner (Berkshire Hathaway)
    Former New York Daily News co-owner buys Wellington mansion for $5M
    Former New York Daily News co-owner buys Wellington mansion for $5M
    Former Palm Beach councilwoman sells lakefront mansion for $38M
    Former Palm Beach councilwoman sells lakefront mansion for $38M
    Former Palm Beach councilwoman sells lakefront mansion for $38M
    Trian’s Nelson Peltz, Ed Garden and Peter May with the office building (Trian, New England Development)
    Billionaire Nelson Peltz’s Trian Partners buys Palm Beach office building for $23M
    Billionaire Nelson Peltz’s Trian Partners buys Palm Beach office building for $23M
    Todd Glaser and David Skok with 360 El Brillo Way (Facebook via Skok, Premier Estates)
    Venture capitalist David Skok pays $26M for Jeffrey Epstein’s former Palm Beach property
    Venture capitalist David Skok pays $26M for Jeffrey Epstein’s former Palm Beach property
    Investors buy Palm Beach office building for $38M
    Investors buy Palm Beach office building for $38M
    Investors buy Palm Beach office building for $38M
    (Getty)
    South Florida by the numbers: Stars need houses too
    South Florida by the numbers: Stars need houses too
    Hilary Musser and the house (Photos: Daniel Newcomb)
    Hilary Musser sells waterfront West Palm Beach spec mansion for record $16M
    Hilary Musser sells waterfront West Palm Beach spec mansion for record $16M
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...