Billionaire Steve Wynn has sold his Beverly Hills estate, known as Villa Lulu, for $47.75 million. The transaction concludes a period of more than five years during which the property was listed on the market.
The final sale price represents a significant decrease from the estate's initial $135 million asking price. Following extensive renovations and a series of price adjustments, the sale of the residence underscores current challenges facing the ultra-luxury real estate sector.
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