Wynn changes his mind, resells Plaza penthouse with $1M price bump

As The Real Deal reports in the December issue, out today, casino magnate Steve Wynn has already flipped the Plaza penthouse he bought just a few months ago for $1 million more than he paid. According to the Wall Street Journal, the $24.4 million sale won’t amount to a profit for Wynn, since he’ll have to take that extra $1 million and apply it to transfer taxes and broker commissions. The buyer — anonymous, for now — is said to be the same individual who wanted the 5,600-square-foot spread over the summer, when Wynn nabbed it in a bidding war. But despite the tireless new owner, the condo is still a far cry from its original $31 million contract price in 2007. That buyer later backed out, and the apartment was listed in May for $24 million before Wynn purchased it. [WSJ]