Seller of $170M Property Buys Steve Wynn’s Palm Beach Mansion for $66MMay 6, 2023
According to sources, billionaire casino mogul Steve Wynn has sold his lakefront mansion at 1350 North Lake Way in Palm Beach for $66 million to coffee magnate Bob Stiller and his wife, Christine. The sale represents a significant return on investment for Wynn, who bought the property in 2019 for $49 million through a company tied to Wynn Resorts’ ex-chairman and CEO. The 13,375-square-foot mansion boasts eight bedrooms, nine bathrooms, two half-baths, marble and hardwood floors, a pool, and a dock on a 0.8-acre property.
Stiller and his wife, who recently sold their oceanfront estate for a record $170 million, founded Green Mountain Coffee Roasters. Lawrence Moens of Lawrence A. Moens Associates represented both the buyer and the seller.
This sale is another success in Wynn’s portfolio of property flips, which former President Donald Trump has described as a sport for him. Wynn resigned from his company in 2018 after allegations of sexual misconduct and is currently listing five other properties for sale for almost $300 million. The Palm Beach market, despite a drop in the number of sales, continues to see record-breaking ultra-luxury deals. Billionaire William Lauder recently paid $155 million for Rush Limbaugh’s former Palm Beach compound. In addition, he listed his two oceanfront vacant lots for $200 million.