Palm Beach homes: Las Vegas casino mogul Steve Wynn has been linked to the buyer’s side of a sale recorded at $43 million for an estate at 1960 S. Ocean Blvd.

A company linked to casino and resort mogul Steve Wynn has paid $43 million for an ocean-to-lake mansion at 1960 S. Ocean Blvd. on Palm Beach’s Billionaires Row, a deed recorded Tuesday reveals.


The eight-bedroom, Mediterranean-style 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 the main residence and its poolside guesthouse have 33,069 square feet of living space, inside and out.


The estate was sold by a company associated with the family of Venezuelan banker and polo patron Victor Vargas. In April 2017, another Vargas-controlled company sold a seaside house at 60 Blossom Way for more than $77 million to an entity linked to investor Frank McCourt.


Wynn, a billionaire art collector who for years served as chairman and CEO of Las Vegas-based Wynn Resorts, is not new to Palm Beach. Last summer, he sold a mostly vacant lot at 1350 S. Ocean Blvd. for $20.27 million. He had owned that Billionaires Row property for about four years.


In February 2018, Wynn resigned from Wynn Resorts amid allegations of sexual misconduct — including coercing some female employees into sexual activity — over many years. He denied the allegations. He also resigned last year as finance chairman of the Republican National Committee.


Forbes this week estimated Wynn’s net worth at $3 billion.


Agent Cristina Condon of Sotheby’s International Realty was the listing agent for the house Wynn just bought. Completed in 2003, the property has loggias framing the western courtyard and a sweeping double staircase leading down to the lakeside lawn. The house also has oceanside formal gardens, a six-car garage and finely detailed interiors decorated by international designer Juan Pablo Molyneux, according to Condon’s marketing materials.


Condon couldn’t be reached for comment. It was unclear from records in the local multiple listing service which real estate agency acted on Wynn’s behalf in the sale.


>> RELATED: Steve Wynn sells lot in Palm Beach for more than $20 million, deed shows


Vargas’ company bought the house new for a recorded $33.6 million in early 2005 from Palm Beacher Dan Swanson, who developed it on speculation. At the time, the house was listed at $38 million and was the most expensive property for sale in Palm Beach. Condon handled both sides of the 2005 transaction.


This week’s deed shows that Wynn used a Delaware-registered limited liability company named 1960 LLC to buy the property. The company has a Las Vegas address — associated with several Wynn-controlled entities — in care of Lulu Management Group.


The house was sold by 1960 S. Ocean Blvd. LLC, which also is registered in Delaware. That entity was the "successor by merger to to 1960 South Ocean Blvd. Ltd., an international business company under the laws of The British Virgin Islands," the deed shows.


The deed was signed by Emma Cisneros who has ties to Venezuela and Wellington and is listed in business and courthouse records as manager of a number of Vargas family-related ownership entities. She also signed the deed when Vargas sold the house two years ago on Blossom Way.


Condon began marketing the house for sale, off-market, at $75 million as early as 2017. She listed the property in 2018 at $59 million in the Palm Beach Board of Realtors Multiple Listing Service. The price had dropped to $56 million when the estate sold this week.


Vargas, the son of a doctor and a lawyer, has a law degree and a master's degree in finance. His business interests have ranged from banking to oil holdings in several countries. In 1993, he bought Banco Occidental de Descuento, a private bank in Venezuela.


Vargas, who is divorced from Carmen Leonor Santaella Tellería, married Maria Beatriz Hernandez in 2014, according to published reports.


Vargas paid a recorded $68.6 million for the house on Blossom Way in 2008. It stands on a 3.7-acre lot with about 320 feet of ocean frontage. He sold it in 2017 for a recorded $77.06 million to McCourt, former owner of the Los Angles Dodgers.


>> RELATED: Ex-Dodgers owner Frank McCourt linked to $77 million Palm Beach sale of Vargas estate


Wynn was the force behind the creation of iconic gaming resorts in Las Vegas, including The Mirage, Treasure Island, Bellagio and Wynn Las Vegas. He co-founded Wynn Resorts in 2002 with his ex-wife, Elaine Wynn, to whom he was twice married. He married Andrea Hissom in 2011, the year after he and Elaine Wynn split in a bitter divorce.


In 2010, Vargas sold, for $17.8 million, a New York City apartment at One Beacon Place, according to the New York Times. That sale came about a year after 21 horses died on his Lechuza Caracas polo team in Wellington. A Palm Beach County jury later awarded Vargas, three polo players and an insurance company $2.5 million in damages based on evidence presented during a trial that showed the horses died after getting an incorrectly mixed dose of veterinary supplements.


In October 2017, the Vargas-related equestrian facility in Wellington that had been home to the Lechuza Caracas polo team sold for a recorded $17.1 million. That facility at 4370 South Road comprised 62 acres.


In 2015, Vargas listed for sale at $33 million another New York City apartment at 15 Central Park West, according to media reports.


In the July 2018 deal in which Wynn sold his land on Billionaires Row, he was represented by broker Lawrence Moens of Lawrence A. Moens Associates. Corcoran Group agents Dana Koch and Paulette Koch handled the buyer’s side of that sale. Moens also handled both sides of the July 2014 deal when Wynn bought the lot for $20 million from Martha Schar and her husband, real estate developer Dwight Schar.


For months leading up to this week’s sale, Wynn was said to have been shopping for a house in Palm Beach. Real estate insiders speculated he might buy another Billionaires Row estate, La Follia, the home of the late investment heiress Terry Allen Kramer, which recently sold at 1295 S. Ocean Blvd. That ocean-to-lake property changed hands privately for a documented price of $105 million, a deal that set a Palm Beach price record when it was recorded July 1 at the Palm Beach County courthouse.


>> RELATED: Palm Beach homes: Deeds say company paid $105 million in record-setting sale


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