adds an additional 4% tax to sales above $5 million and 5.5% for sales above $10 million. Luxury sales, defined as homes in the top 5% of market value, have plummeted nationwide, the, down 24% in the three months that ended June 30.
Steve Wynn, namesake of the Wynn hotel and casino chain, is worth $3.4 billion and landed at No. 855 on Forbes' real-time billionaires list Thursday. He resigned as chair of his company after sexual misconduct allegations surfaced in 2018.he was selling his luxurious Lake Como home, part of an impressive real estate portfolio that includes a Los Angeles villa, English island property and the Domaine du Canadel estate in France.
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