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
    Todd Glaser with 210 Via Del Mar
    Todd Glaser buys Palm Beach “forever home” for $24M
    Todd Glaser buys Palm Beach “forever home” for $24M
    830 Brickell and 401 E Las Olas Blvd (Google Maps)
    Lease roundup: Thoma Bravo signs major lease in Brickell & more
    Lease roundup: Thoma Bravo signs major lease in Brickell & more
    W. Allan Jones and 320 Island Road, Palm Beach (Wikipedia Commons, Google Maps)
    Converting to cash: Payday lender flips his waterfront Palm Beach home for $42M
    Converting to cash: Payday lender flips his waterfront Palm Beach home for $42M
    Todd Glaser with 576 Island Drive (Google Maps, Todd Glaser)
    Todd Glaser, partners buy waterfront Palm Beach home to renovate, flip
    Todd Glaser, partners buy waterfront Palm Beach home to renovate, flip
    228 Via Las Brisas and Maximo Haddad. (Compass, Global Industries via YouTube)
    Mexican construction tycoon sells Palm Beach mansion for $23M
    Mexican construction tycoon sells Palm Beach mansion for $23M
    Ed and Jackie Rabin with 505 South County Road, Palm Beach (Patrick McMullan/Getty, Google Maps)
    Former Hyatt Hotels president buys Palm Beach home for nearly $6M
    Former Hyatt Hotels president buys Palm Beach home for nearly $6M
    Clockwise from top left: 1500 West 21st Street in Miami Beach, 259 Pendleton Avenue in Palm Beach, 1221 North Lake Way in Palm Beach, 215 Indian Road in Palm Beach and Todd Glaser (Google Maps)
    Todd Glaser buys and sells houses totaling $50M, amid South Florida luxury frenzy
    Todd Glaser buys and sells houses totaling $50M, amid South Florida luxury frenzy
    Suzanne Frisbie and 456 South Ocean Boulevard, Palm Beach (Frisbie Group)
    Frisbie Group sells oceanfront Palm Beach townhome for $26M
    Frisbie Group sells oceanfront Palm Beach townhome for $26M
    arrow_forward_ios

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

    Loading...