A massive mansion sitting on the shores of Lake Tahoe went on the market for $100 million dollars recently, a price that could break the record as Nevada’s most expensive home sale ever.
The 20,000-square-foot, four-bedroom mansion was built in the early 2000’s by Bluth Development founder Chuck Bluth and his wife, Cindy, for around $26 million. The lavish home sits on 4 acres and includes its own private marina, the only one on Lake Tahoe, with a floating dock and 12 boat slips.
The mansion also includes a 2,500-bottle wine room, a theater, two guest cottages and a waterfall zen garden.
In the 20 years since the home was built, Tahoe homes prices have skyrocketed, pricing out a lot of longtime locals and providing some of the most expensive homes ever sold in Nevada. With the state’s much lower taxes than California, wealthy people have used Tahoe’s east shore as a place to establish residency with ultra-luxurious homes. Nevada has no state income tax, inheritance tax or estate tax, and fairly low property taxes.
The longtime record for Tahoe’s highest home sale was in 2013 when a 210-acre Zephyr Cove property sold for $48 million. In September 2021, a property in Incline Village went on the market for $60 million, but has yet to be sold. In 2020, the ranch featured on the popular show ‘Bonanza’ for $38 million.