Move in next door to Mark Zuckerberg for just $38.5 million

As a massive wildfire ripped through Lake Tahoe last year, there was talk of billionaire investor interest cooling. However, quite the opposite is happening as property prices skyrocket with limited properties available. A sprawling lakeside property recently went on sale for $100 million, marking a new all-time high, and more homeowners are listing their luxury cushions at eye-watering prices.

As a lifelong Lake Tahoe native, I have seen dramatic changes at this beautiful mountain lake located in the Sierra Nevada Mountains. Many locals are fleeing the area because of high prices, making it impossible to survive, yet the wealthy continue to make it their private playground.

Record real estate acquisitions of lakeside properties in Tahoe City on the California side and Incline Village on the Nevada side have been led by tech billionaires from nearby Silicon Valley. Once Mark Zuckerberg bought his sprawling lakeside estate in 2018 for $59 million, Google, Apple and other tech executives followed suit, with more than 30% of new buyers coming from the technology industry. technology.

Recently, billionaire Larry Ellison bought the 16-acre waterfront Hyatt resort in the Incline Village area for $345 million. It is said that it will eventually become a new Sensei Resort. Ellison also bought the famed Cal Neva Lodge on the North Shore for $36 million despite much-delayed plans to convert it into a Nobu Hotel. Ellison reportedly owns a 7.6-acre resort in the area within walking distance of his new hotels. And another California investor has bought the Tahoe Biltmore Hotel for $56 million in popular Crystal Bay and plans to convert it into a Lake Tahoe Luxury Resort and Residences. Keep an eye out for other hotel developments in the future to join the Ritz-Carlton and Nobu on the North Shore.

According to Bill Dietz, president of Luxury properties in Tahoe“Due to its proximity to wealth-rich Silicon Valley, Lake Tahoe is an ideal target for billionaires. hotels, ski areas and other recreational properties.Wealthy investors see plenty of long-term benefits in Tahoe, and their investments provide a convenient excuse to spend time in a place they love.

“The West Shore, in particular, has some of the best Lake Tahoe estate,” he says. “With sprawling estates and tall stands of ancient trees, the elite can hide out and enjoy the calm waters the West Coast is known for. areas.”

“The favorable fiscal climate and sandy beaches on the Nevada side definitely attract the super-rich to this side of the lake,” he adds. “Incline Village and Crystal Bay on the north shore of the NV side feature some of the most expensive and elaborate estates in the world. Millionaire’s Row becomes Billionaire’s Row on Lakeshore Blvd in Incline Village.

Here’s what’s currently available for those looking to join Lake Tahoe’s billionaire club, including a beautiful lakefront estate in the same neighborhood as Mark Zuckerberg.

300 State Highway 28, Crystal Bay ($64.5 million)

Builder Stuart Yount currently owns the Crystal Pointe estate. Built into the side of a cliff near Crystal Bay, the house has eight bedrooms, 11 bathrooms and 13 fireplaces. The magnificent mansion includes two new glass funiculars to travel from the garage to the house, then to the beach house and to the new private pier.

1192 & 1200 Highway 50, Glenbrook ($55 million)

Known as the Wovoka estate, it is owned by Christopher and Camille Bently of Bently Heritage Distillery. The 8 BD, 11BA, 11.00 SF home on a 5-acre property in Glenbrook near Zephyr Cove features seven structures, with the main house designed by famed architect Theodore Brown. There is a stone boathouse, a flat-roofed jetty and a private jetty. There’s also a waterfront studio, a three-bedroom log guesthouse, and two matching log cabins.

1186 Highway 50 Glenbrook ($48 million)

The Cedar Cove Estate has 5 BD, 13BA, on 12,370 square feet with 170 feet of lake frontage. There is a private deep-water jetty with a boat lift, a breakwater jetty surrounding a sandy cove, 2.49 pristine fenced acres, two buoys, an indoor pool with a retractable ceiling and over 13,000 square feet. of living space with an adjacent guest house.

447 Lakeshore Blvd., Tilted Village ($43.8 million)

This brand new 10,628 sq ft mansion on an elevated hillside offers up to 7 BD/9 BA with an indoor pool and movie theater.

2020 W.Lake Blvd. City of Tahoe ($38.5 million)

You can neighbor Mark Zuckerberg when you move into the Shangri-La estate, which features a 7 BD, 7.5 BA main house with a 22-meter indoor pool. Also, a private deep water dock and two buoys with 130′ of frontage on the lake. There is also a separate two bedroom, 1.5 bath guest house.

32 Crystal Drive, Crystal Bay ($31 million)

This French chateau features hand-carved wooden walls from France and offers 4 BD/6 BA, over 9,000 square feet, with a 16-seat theater and two elevators. There is also a new funicular car to descend to your private dock with two boat lifts on 180 feet of lake frontage.

480 Gonowabie Road. crystal berry ($28.85 million)

This brand new estate features 5,636 square feet, with 5 BD/7 BA and 100′ of lake frontage with a private jetty. A glass bridge connects the three structures.

8217 Meeks Bay Avenue, South of Lake Tahoe ($28 million)

The famous 15,000 SF Rockhaven Estate has 8 BD/13 BA, with 300 feet of lakefront including two buoys and a 140 foot private jetty. There’s a large gym and sauna, plus a cinema room with a 160-inch projection screen and two levels of seating.

740 West Lake Boulevard, Tahoe City ($26 million)

Greystone Manor has 9,974 SF, with 10 BD and 9 BA. There is a 1940s master cabin, a lakeside bungalow with 50 feet of sandy shoreline and a private jetty.

720 West Lake Boulevard, Tahoe City ($25 million)

Belle Haven French Country Chateau is 7,208 square feet, with 7BD and 7BA. All in a 5-bedroom main house, original 3-bedroom guest house, vintage pool house, lakeside pool, jetty, two buoys, and 150 feet of lake frontage.

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