Massive Waterfront Lake Tahoe Estate Asks $100M

An enormous Lake Tahoe property hit the market asking $100 million and could possibly be Nevada’s priciest dwelling sale ever.

Bluth Growth founder Chuck Bluth and his spouse, Cindy, spent round $26 million constructing the roughly four-acre property within the early 2000s, the Wall Avenue Journal reported.

The 20,000-square-foot, four-bedroom house is Nevada’s costliest itemizing, and would set the state’s sale worth report if it closes at or close to asking, itemizing agent Jean Merkelbach of Engel & Völkers advised the outlet.

The property features a non-public seaside with about 400 toes of lake frontage. There’s a marina with a floating dock and about 12 boat slips simply off the grounds, which embody two visitor cottages.

Merkelbach advised the Journal that Nevada’s ultra-luxury market has swelled in reputation lately, because the state gives decrease taxes than California. Nevada has no state revenue tax, inheritance tax or property tax, and pretty low property taxes. (Gross sales taxes are excessive, however that’s of little consequence to excessive earners.)

A Zephyr Cove mansion notched Tahoe’s highest sale worth for a single-family dwelling when the 210-acre property bought for $48 million in 2013.

Nonetheless, a list that hit the market in September appeared to have the state’s report in its crosshairs.

“Nagi Tanka,” a property in Incline Village, named for the Lakota time period that means “Nice Spirit,” requested $60 million for 2 parcels of land totaling 5.3 acres. The providing included an almost 13,000-square-foot dwelling overlooking the lake, a 3,800-square-foot visitor home and a shared pier.

One other contender was the ranch featured within the TV sequence “Bonanza.” It hit the market in 2020 however fell in need of the report, finally promoting for $38 million.

[WSJ] — Ellen Cranley