Resort and casino billionaire Steve Wynn has rolled the dice on a second waterfront house in Palm Beach, the Palm Beach Daily News has confirmed.
Wynn was on the buyer’s side of an $18.4 million sale just before Christmas of a never-lived-in lakeside house at 235 Via Vizcaya, according to sources familiar with the deal.
The sale closed Wednesday, according to an updated sales listing in the local multiple listing service.
The deed was still making its way through the recording process in the Palm Beach County Clerk’s office as of Tuesday afternoon. So it’s unclear how the buyer’s side of the sale was structured or if the MLS price will match the one to be documented at the courthouse.
With four bedrooms and 7,272 total square feet, the Mediterranean-style house in the Estate Section was developed on speculation by Palm Beach residents Eduard and Missy de Guardiola. The house stands on an irregularly shaped lot measuring a little more than a third of an acre with 155 feet of waterfront.
Wynn owns a much larger ocean-to-lake estate across town that he has homesteaded in the latest tax rolls. He couldn’t be reached for comment.
Eduard de Guardiola and listing agent Jim McCann of Premier Estate Properties declined to discuss the sale or identify anyone involved. McCann was the sole agent in the sale, MLS shows.
Wynn’s other estate, at 1960 S. Ocean Blvd., is not listed for sale in the MLS, a search Monday showed. He used an ownership entity to buy that house in August 2019 for a recorded $43 million and has shared it with his wife, the former Andrea Hissom.
The house on Via Vizcaya that just changed hands had been listed, furnished, in mid-May at $20.9 million.
The house was designed by Patrick Segraves of SKA Architect + Planner of Palm Beach. The design went through an arduous review process by the Architectural Commission. The board demanded multiple changes to the initial drawings before finally rejecting the house as too large for the lot in September 2017 after months of presentations. A substantially revised and smaller-scale design finally won approval in May 2018.
The house stands at the west end of a short circular street off South County Road, about a mile south of Worth Avenue.
The house was built by Alonso & Associates with interiors decorated by Marc-Michaels Interior Design and landscaping by Parker-Yannette Design Group.
The home’s amenities include a glass-enclosed wine-storage wall, a fireplace, an elevator and a two-car garage with a guest suite above it, according to the sales listing.
An arched open-air loggia faces the lakefront. Above the loggia is a second-story covered balcony that overlooks the pool with a sun shelf and whirlpool spa.
With longtime ties to Atlanta, the de Guardiolas have built, extensively remodeled or sold several houses in Palm Beach, including a renovated lakefront home at 353 El Brillo Way, where they reside.
In 2017, Eduard de Guardiola opened a family office in Palm Beach to target upstart residential, retail and commercial real estate investments. He previously headed Atlanta-based Vista Realty Partners, which builds and manages multi-family developments.
>>FROM THE ARCHIVES: Casino mogul Steve Wynn linked to $43M purchase of Palm Beach estate
Wynn’s other estate also is Mediterranean in style. That eight-bedroom house stands on a 2.25-acre lot immediately north of Sloan’s Curve. The property has 274 feet of water frontage on both its west and east sides and is separated from its beach parcel by the coastal road. In all, the main residence and its poolside guesthouse have 33,069 square feet of living space, inside and out. Agent Cris Condon of Sotheby’s International Realty had the listing when it changed hands last year.
Wynn, an art collector and dealer, has a net worth of $3 billion, according to Forbes. For the past year, he has run a private gallery on the second floor of The Esplanade on Worth Avenue, catering to high-end collectors.
Wynn for years served as chairman and CEO of Las Vegas-based Wynn Resorts. In February 2018, Wynn resigned from the company amid allegations of sexual misconduct — including coercing some female employees into sexual activity — over many years. He denied the allegations. In July, a federal judge dismissed a lawsuit against Wynn Resorts Ltd. from nine anonymous women who claim they were sexually harassed by Wynn.
In July 2018, Wynn sold a mostly vacant lot at 1350 S. Ocean Blvd. for a recorded $20.27 million. He had owned that Billionaires Row property for about four years. He was represented by broker Lawrence Moens of Lawrence A. Moens Associates, who negotiated opposite Corcoran Group agents Dana Koch and Paulette Koch.
This is a developing story. Check back for updates.