October 19, 2021

RDB-Design

Specialists in home design

Palm Beach custom house sells to Steve Wynn for $49 million deed

Billionaire casino and hotel magnate Steve Wynn — who already owns two estates in Palm Beach — is linked to the buyer’s side of a $49-million deal that just closed on the opposite end of the island for a lakefront mansion on North Lake Way, records show.

In the off-market sale, a Wynn-affiliated company bought the house at 1350 N. Lake Way from developer Pat Carney and his wife, Lillian, who built it as a custom home for themselves about eight years ago. The sale came just three weeks after the Carneys sold — for a recorded $68.4 million — their recently completed oceanfront Palm Beach mansion to a company controlled by hedge-fund billionaire David Tepper and his wife, Nicole.

Steve Wynn’s other two houses are in the Estate Section. At the tail end of last year, a company linked to Wynn, the former head of Wynn Resorts, paid $18.4 million for a never-lived-in lakeside house developed on speculation at 235 Via Vizcaya.

Wynn’s primary home in Palm Beach is a much larger ocean-to-lake estate at 1960 S. Ocean Blvd., which he shares with wife Andrea and has homesteaded in the latest tax rolls. He paid $43 million for that estate in 2019, property records show.

Casino and resort magnate Steve and Andrea Hissom Wynn arrived at a New Year's Eve party in December 2017 at The Mar-a-Lago Club.

The Carneys plan to build themselves another house in Palm Beach, Pat Carney said Friday. He declined further comment.

The sale marks the highest price ever paid for a lakefront property north of the Palm Beach Country Club, courthouse records show.

The Carneys had originally planned to move into the oceanfront house they sold to the Teppers and sell the lakefront home, according to sources familiar with the transactions. But their plans changed.

The Bermuda-style house the Carneys just sold on North Lake Way stands on a lot with 156 feet of lake frontage and a deepwater dock. Measuring eight-tenths of an acre, the property is at the intersection of Dolphin Road, nine streets south of the inlet.

A company affiliated with art collector and casino mogul Steve Wynn just paid a recorded $49 million for a Palm Beach mansion at 1350 N. Lake Way, where loggias and French doors with fanlights look out to the pool area.

The lakefront house has six bedroom suites, according to town records. There are two garages, each with a suite for guests or household staff above it. In all, the house has 17,032 square feet of living space, inside and out. Completed in 2013, the house was designed by Smith and Moore Architects and built by Mark Timothy Inc.

Agent Jim McCann of Premier Estate properties confirmed he was the sole agent involved in the sale on North Lake Way. He declined further comment.

Steve Wynn could not be immediately reached.

More: Billionaire Tepper on buyer’s side of Carneys’ oceanfnront mansion sale, sources say.