Phil Hellmuth buys $2.8M Las Vegas penthouse once owned by Elaine Wynn
Poker legend Phil Hellmuth has purchased one of the late Elaine Wynn's longtime Las Vegas residences for $2.8 million. The two-story, penthouse condo is located in Park Towers, the ultra‐luxury twin‐tower development at 1 Hughes Center Drive, built in 2000 by Mirage Resorts and developer Irwin Molasky.
Details of the Purchase
- Hellmuth's $2.8M purchase marks his full relocation to Las Vegas
- The unit spent 173 days on the market before selling for 5.1% below its $2.95 million asking price
- The building has long been associated with Las Vegas power players, including Steve Wynn, who maintained a condo there during his tenure at Wynn Resorts, and Terry Lanni, the late MGM Mirage CEO, who also owned a unit
Features of the Condo
- The new home spans 4,903 square feet with four bedrooms and five baths
- Park Towers remains one of the valley's most private addresses, known for concierge service, private elevators, a screening room, and wine cellars
Security Detail
The building also historically appeals to gaming executives and high‐net‐worth residents because of its extremely high level of security - something that would have been top-of-mind to Elaine, whose youngest daughter was kidnapped from another Las Vegas condo in 1993 by two men posing as delivery workers. (Kevyn Wynn, 26, was released unharmed after her father delivered $1.45 million in cash. Her captors were arrested and prosecuted, and most of the ransom was recovered.)
Context and Background
- This is the second of Elaine Wynn's Park Towers condos to sell since her death in April 2025 at age 82
- The first - a larger, more customized residence - sold for $8.25 million in August 2025
- Wynn, co‐founder of Mirage Resorts and Wynn Resorts, was not only a major figure in Nevada gaming but also one of the state's most influential philanthropists, particularly in education and the arts
Hellmuth's Move to Las Vegas
Hellmuth, a 17‐time World Series of Poker bracelet winner, confirmed to the Las Vegas Review‐Journal that he and his wife officially relocated to Las Vegas in December.
"Vegas has been very, very good to me and I love it here," he told the newspaper, noting that the move places him closer to the World Series of Poker (WSOP) and the city's expanding high‐stakes poker scene.
Hellmuth was represented by Karina Jett of Keller Williams VIP - herself a respected poker professional with multiple WSOP cashes - making the transaction a uniquely poker‐centric pairing on both sides of the deal.
