Steve Wynn Sells Villa Lulu In Beverly Hills For $47.75 Million With Leonard Rabinowitz As The Broker

The property involved in this transaction is a single-family estate located at 1210 Benedict Canyon Drive in Beverly Hills, CA. The 27,150-square-foot luxury home is situated on a 2.7-acre lot. It was sold for $47,750,000, reflecting a price per square foot of $1,759.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $47,750,000
• Address: 1210 Benedict Canyon Drive
• Market: Beverly Hills, CA
• Square Footage: 27,150
• Price per Square Foot: $1,759
• Seller: Steve Wynn
• Broker: Leonard Rabinowitz - Christie's International Real Estate
• Acres: 2.7

Steve Wynn sold the estate, known as Villa Lulu, after initially listing it for $110 million in 2021. The buyer is identified only as an American businessman, and the sale concluded after multiple price reductions totaling over $62 million. Notably, Wynn purchased the property in 2015 and invested millions in renovations before the sale.