A remarkable property on Incline Village’s prestigious Lakeshore Boulevard is capturing the attention of luxury real estate enthusiasts and could potentially become the most expensive privately-owned residence ever sold in Lake Tahoe. It currently holds the distinction of being one of the priciest listings ever seen, with an asking price of $76 million for the sprawling 5-acre estate.
Lake Tahoe has long been a magnet for multimillionaires and celebrities, with prominent figures like Oracle founder Larry Ellison, tech billionaire David Duffield, and NFL quarterback Aaron Rodgers owning property in the area. Homes like this one, and the Nevada-side’s lack of taxes, is the reason why.
This magnificent seven-bedroom home boasts an impressive 200-foot stretch of private beach, complete with a private pier and a raised jet ski platform for water enthusiasts. The main residence itself spans over 12,000 square feet, and there’s an additional 1,500-square-foot guest house on the property.
Originally constructed in 1994 by former Wynn Resorts Chairman Steve Wynn, the house, known as “Old Forge,” has a storied history. In 1998, it was sold to a trust for $17 million, and its last change of ownership occurred in 2017 when it was purchased for $31 million. This asking price is now more than double its 2017 sale price. The property has undergone significant upgrades in recent years, including the reconstruction of the patio and the addition of a second kitchen within the expansive game room.
If this home is sold at its current asking price, it would shatter records for the most expensive private home purchase in the Tahoe Basin, surpassing the current record of $48 million set in 2013. In fact, the property also holds the distinction of being the most expensive listing in all of Lake Tahoe. For reference, the famous “Tranquility” property in Zephyr Cove, which was sold for $50 million in 1998 and was once listed at $100 million in 2022, previously held both the highest listing price and the most expensive sale price.
Other notable real estate transactions around Lake Tahoe include Meta CEO Mark Zuckerberg’s acquisition of two properties in Tahoe City, totaling $59 million in 2018 and 2019. The second-most expensive home listing around Lake Tahoe is the renowned “Crystal Pointe,” currently listed for $49.5 million, featuring a private beachfront and two private funiculars for easy access between the beach and the cliff-top living space.
The potential buyer of “Old Forge” may not get funiculars, but they will gain access to an opulent residence with en-suite bedrooms, a spacious kitchen, an eight-seat media room, a game room, and a wine room complete with a wet bar.