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SteveWynn

Sunday Real Estate Round-Up, 11/08/09

Filed under: Estates, Celebrity Shopping


From the LA Times Hot Properties:
--The Beverly Hills home of the late DJ Adam " DJ AM" Goldstein has come on the market at $3.795 million. The listing for the midcentury one-story home, shown above, is here.
--Lakers player Sasha Vujacic will be among the first owners to call the W Hollywood Residences home when the building opens in mid-January. He has purchased a two-bedroom condo in the 15-story building.
--Author and screenwriter Brian Garfield has sold his Beverly Hills Post Office-area home for $1.795 million.
--The Antonio Moreno estate, a 1930 mansion named for the film star who lived in it until 1935, has sold for $4.2 million.
--Football great Joe Montana and his wife, Jennifer, have listed their 500-acre estate in Sonoma County's wine country for $49 million. The property website is here.

From the NY Post:
--A mysterious Asian real estate investor by the name of J. Lo has been renting a $100,000-a-month Park Imperial condo that belongs to Kobi Alexander, a former technology executive-turned-fugitive who's on the lam in Namibia. He has also signed a contract on a seven-bedroom condo at the Park Laurel building on West 63rd Street for close to its $28 million asking price. Lo also put a bid of close to $40 million on a Time Warner Center apartment owned by Internet pioneer Todd Wagner even though that residence isn't on the market. Lo also checked out a $31 million penthouse at Trump Park Avenue but has yet to make an offer there.
--Pharmaceutical mogul Richard Ullman has just sold his condo at One Central Park West for around $17 million.
Ullman also owns a condo at 15 Central Park West, which he bought for $23.5 million and then tried to sell for a sky-high $75 million price tag that found no takers.
--The new rental building at 808 Columbus Ave. has gotten some star power. Residents in the luxury building include Shannon Elizabeth and "Law & Order" actor Anthony Anderson.

From Cityfile's Buyers and Sellers:
--Thomas Renyi, who retired as chairman and CEO of the Bank of New York last year, has picked up an apartment at 920 Fifth Avenue for $7.55 million, $2.55 million less than what it was first listed for in April 2008.
--The Hampshire House apartment once owned by the late Wall Street titan Zalman Bernstein is back on the market at a discount. The 25th-floor residence first went on the market for $17.5 million in 2007 but is now priced at $11.5 million. The listing is here.
--Arlene Farkas, the ex-wife of real estate heir Bruce Farkas, has cut price of her 14-room duplex at the River House. The five-bedroom co-op first hit the market for $15 million last November and is now listed for $12.3 million.
--Retired Phillip Morris executive Murray Bring, and his wife, Kathleen, have sold their 14th-floor apartment at 935 Park Avenue for $3.625 million.
--via NYT, sculptor Louise Bourgeois has been identified as the buyer behind the purchase of costume designer William Ivey Long's townhouse on West 20th Street. Bourgeois' Easton Foundation picked up the building for $4.75 million and will use it as an exhibition space and archive.
--via Curbed, Christopher Nixon Cox, the grandson of Richard Nixon, has sold his two-bedroom apartment at 10 East 70th Street for $1.4 million.
--via NYT, hedge fund manager Steve Eisman, who took a loss on the sale of his old apartment at 1125 Park Avenue back in August, has bought a four-bedroom penthouse duplex at 1120 Park Avenue for $7.4 million, 36 percent less than the original asking price.
--Investor and philanthropist Ephraim Gildor has fond a buyer for his duplex penthouse at the Park Laurel. It was listed at $28 million.
--Victoria's Secret president Ed Razek has sold his one-bedroom co-op at 32 East 64th Street for $2.25 million.
--Deborah Doyle McWhinney, who was appointed as the head of Citi's Personal Wealth Management division this spring, has paid $2.88 million for a co-op at 25 East 86th Street.
--Hedge fund manager Paolo Pellegrini has closed on the purchase of a 3,500-square-foot apartment at 88 Central Park West. Pellegrini and his wife Henrietta paid $9 million for the co-op, down from the $10.995 million asking price that owners Ray Errol Fox and Jean Thomas were seeking.

From the NY Observer's Manhattan Transfers:
--Software mogul Marty Sprinzen has found a buyer for his apartment at 838 Fifth Avenue. He bought for the ninth-floor residence for $15.8 million in 2007 and put it on the market for $24.5 million in May.
--Abigail Disney, Walt Disney's grandniece, put her two 300 West End Avenue apartments on the market for a combined $13,445,000 in 2008. She had paid the singer Harry Belafonte just $10.75 million for them a year and a half before. Last month, she and her husband sold off the apartments for $7.2 million, $3.55 million less than they'd paid.

From the Chicago Tribune's Elite Street:
WBBM-Ch. 2 political editor Mike Flannery has listed his longtime 17-room mansion in Beverly for $1.25 million. The listing is here.
--An 11-room, red brick center-entry Colonial-style house in Kenilworth that served as actor Steve Martin's family home in the 1987 movie "Planes, Trains & Automobiles" has sold for $1.4 million after initially being listed in 2007 for $2.995 million.
--Tammy Walker, wife of the late Northwestern University football coach Randy Walker, has taken a big loss on the 13-room Colonial-style house in Wilmette that she and her husband purchased shortly before his death in 2006, selling it for $1.555 million.

From Homes and Property UK:
--Pete Townshend's ex-wife Karen has sold Tennyson House, the Twickenham mansion where she and Pete raised their three children. The three-story Georgian brick house sold for £5.5 million.
--Comedians Lenny Henry and Dawn French have dropped the price on Hyde End Farm, their six-bedroom Grade II-listed Georgian home near Newbury. It was listed at £3 million through Strutt & Parker but is now down to £2.25 million.

From the Real Estalker:
--Michael Bay has picked a large piece of land in Bel-Air. He paid $10.9 million for a 4.93 acre, 3-parcel property with beautiful views. The current main house measures 6,067 square feet and includes two bedrooms but Bay may be planning to tear the house down.
--Did CNN news anchor Anderson Cooper and his partner buy a firehouse on West Third Street in New York City's Greenwich Village?
--Lisa Marie Presley has listed at home in Hidden Hills, California for $8.95 million.
--Media heir Lachlan Murdoch and his wife Sarah have spend $23 million Australian on Le Manoir, an estate in the suburbs of Sydney, Australia. The mansion was sold at auction by the French Government who used the Bellevue Hill estate as their consulate.
--Rumors are swirling that Tom Cruise paid $18 million for a home in San Francisco's Sea Cliff neighborhood but the Real Estalker thinks the buyer could also be Larry Ellison.

From the Wall Street Journal's Private Properties:
--Casino mogul Steve Wynn has paid $7.5 million for a Sun Valley, Idaho home.
NBA player Allen Iverson has cut the price of his Villanova, Pennsylvania home again. It is now listed at $3.25 million. It was at $3.999 million when we checked it out as an estate of the day last year.

Steve Wynn In NYC, Estate of the Day

Filed under: Estates, Celebrity Shopping


As we mentioned a little while back, the New York Observer recently reported that casino mogul Steve Wynn's New York City apartment was up for sale. Now thanks to a post from the Real Estalker, we found out that the listing has gone live. Wynn's Fifth Avenue palace is a two-bedroom apartment that measures around 3,500 square feet.

Steve and Elaine Wynn are getting a divorce (actually it's their second divorce, they were first married in 1963 but divorced in 1986 and then remarried five years later). Their full-floor apartment was once a four bedroom home but the renovation trimmed the number of rooms and expanded the spaces with an eye toward the grand and bland. The main living area was once the living room, formal dining room and library and has views over Central Park. The master suite was created from three bedrooms and has his and hers bathrooms.

As the floor plan reveals the resulting layout is a bit odd. The master bedroom has been placed next to the living room to take advantage of the best views but this means that the two bathrooms are sequential rather than side by side. The kitchen is directly opposite the second master bathroom and the dining room has been shoved to the back of the apartment right in front of the laundry and utility areas. The home has been redone in shades that design books likely refer to as variations of honey, taupe, caramel and rattan but mostly it's just beige, elegant, but beige and with a hotel's anonymity. Particularly curious is the kitchen which seems to have matching granite floors and counters. The apartment is priced at an outrageous $25 million but it seems doubtful that the Wynns will get their price.

Experience more lush living in luxury homes and mansions or see the stars living large with celebrity homes galleries at AOL Real Estate.

Larry King To Perform At Steve Wynn's Casino

Filed under: Charity

larry king Larry King, comedian? According to casino owner Steve Wynn, the host of CNN's Larry King Live is a very funny guy. Wynn dared King to take his act to the Vegas stage. He will perform for one night at Wynn's Theater on June 19 at 8 p.m. He will perform an act telling stories from some of his interviews and experiences. The performance will benefit his charity, the Larry King Cardiac Foundation, which provides funds for cardiac procedures for individuals who would be otherwise unable to receive necessary care. King's wife, Shawn, a country singer, will be the opening act. Tickets are on sale for $59, $69 and $79.

Wynn Divorce Could Be Costly For Company

steve and elaine wynnThe king and queen of Las Vegas are divorcing. Billionaire Las Vegas casino magnate Steve Wynn and wife Elaine filed for divorce last week. Wynn is the charismatic chief executive of Wynn Resorts which is behind the luxurious Wynn and Encore hotels on the Las Vegas Strip. Elaine Wynn is a director on the company's board and was recently nominated for another three year term on the board.

This is a second divorce for the Wynns who were first married in 1963 but divorced in 1986 and then remarried five years later. Elaine Wynn has had an influential role in the organization especially in helping decide which stores would be in the Wynn Resorts' retail spaces. Rumor has it that Steve Wynn is involved with another woman, British socialite Andrea Danenza Hissom.

Steve and Elaine Wynn each own more than 24 million shares in Wynn Resorts. Those shares have slumped in the past few months but are still worth around $460 million. The divorce could be one of the costliest in the U.S. and a great deal depends on just how amicable it is. If Wynn needs to buy his wife out that could have a serious impact on a company that is already affected by the tourism slump in Las Vegas.

Wynn Encore Will Have Sinatra-Themed Restaurant

Steve Wynn has announced two restaurants for his Encore hotel in Las Vegas. The first, called Sinatra, will be an homage to Frank Sinatra. The Italian restaurant will be decorated with Sinatra memorabilia including Sinatra's Academy Award for best supporting actor in "From Here to Eternity," and his Grammy awards loaned from his family. Paul Anka is contributing the gold record he won for writing the English lyrics for "My Way," one of Sinatra's most famous songs. Wynn says the restaurant won't be a museum. His other restaurant announcement is called Switch, which will feature transformations during dinner including changing walls and ceilings and the staff switching clothes. The Wynn Encore opens December 22.

Steve Wynn Calls For An Encore

Filed under: Journeys


Steve Wynn is expanding his empire by creating the Encore Suites in Las Vegas. Encore Suites will offer 2,034 suites and will include resort suites which are 700 square feet and VIP suites, some of which measure more than most houses (up to 5,800 square feet). Encore Suites will also have five new signature restaurants, 11 retail outlets, seven bars and lounges, a nightclub and a spa and salon. There will also be an outdoor pool area and will have 60,000 square feet of event space. Wynn's Encore will open in December 2008.

Shadow Creek, Estate of the Day

Filed under: Estates

As we mentioned earlier, Shadow Creek is the former home of Las Vegas mogul Steve Wynn. This home is located on the Shadow Creek golf course, positioned with a view of the 18th hole. The home has four bedrooms and everything is done on a grand scale including the kitchen which has marble countertops, a climate-controlled wine storeroom, a Sub-Zero refrigerator/freezer, and a large pantry overlooking the breakfast nook and butler's pantry. There is also a theater room, a library, a large patio with a fireplace and one lane lap pool with a underwater sound system. The private master bedroom has its own balcony, his and her baths with walk-in steam showers, Jacuzzi tubs and large custom closets. Outside there is an infinity pool. It is listed at $28 million. After the jump, the life of a Vegas kingpin.

Steve Wynn Plans His Encore

Filed under: Journeys

That didn't take long, Steve Wynn is working on a new hotel, Encore at Wynn Las Vegas. The resort will be located adjacent to the Wynn on the north side of the property on the site of the old Desert Inn. Encore will be a full scale hotel that will be integrated with the Wynn. It will include new hotels rooms, meeting space, a casino, restaurants, nightclubs, a spa, retail outlets and swimming pools. Wynn's latest baby is scheduled for completion in December 2008.


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