Will This Muti-Million Dollar Property Break Tahoe's Real Estate Record?

Photo byChristine Perry DRE, Christie's Int'l R.E. Sereno

Welcome to the epitome of Lake Tahoe's lakefront luxury which offers privacy and views like no other. Priced at a record breaking $76 million, this estate, known as "The Old Forge - Wynn Estate", comes with the most captivating and unobstructed views of Lake Tahoe and a rich history. This property is nestled on 5 acres of pines, making this a haven of both solitude and prestige. It proudly boasts 210ft of privately owned sandy beach, complete with a deep water pier, boat hoist, jet ski platform, and two buoys. The main residence is 12,661 square feet with an expansive primary suite with wide open lake views. There are an additional three en-suite bedrooms including a dedicated fitness and massage room, all with a view. The gourmet kitchen, of couse also offers expansive views of the lake and mountains. Included on the property is a 1,536 square feet guest house. Estates like this are generational and are rarely offered for sale. It last sold for $31 million in June of 2017,after being previously owned by Steve Wynn, casino mogul in the early 1990s.

Photo byChristine Perry DRE, Christie's Int'l R.E. Sereno

Photo byChristine Perry DRE, Christie's Int'l R.E. Sereno

Photo byChristine Perry DRE, Christie's Int'l R.E. Sereno

Should the place go for anywhere near the listing price of $76,000,000, it would set a record for the most expensive residential real estate transaction ever recorded in the Tahoe area—eclipsing the $48 million sell of a Zephyr Cove mansion back in 2013. The current owners are Nora Lacey, founder of the biotech company Cell Marque, and her husband, Dr. Michael Lacey, who picked up the place in 2017 and then spent millions of dollars extensively renovating the premises. Located on a stretch of Lakeshore Boulevard known as “Billionaires’ Row”— where residents include Facebook founder Mark Zuckerberg, former junk-bond king Michael Milken and tech billionaire Larry Ellison—the property features a total of seven bedrooms and an equal number of baths in almost 14,200 square feet between the two homes.

Photo byChristine Perry DRE, Christie's Int'l R.E. Sereno

Photo byChristine Perry DRE, Christie's Int'l R.E. Sereno

Photo byChristine Perry DRE, Christie's Int'l R.E. Sereno