A Lake Tahoe estate, originally developed by casino billionaire Steve Wynn, set a new record sale price for the area, closing at $62 million on Friday, according to real estate agent Christine Perry of Christie’s International Real Estate.
Casino billionaire Steve Wynn’s luxurious Lake Tahoe estate is located at 1041 Lakeshore Blvd on Billionaire’s Row
Known as Old Forge, the property is located at 1041 Lakeshore Blvd. on Billionaire’s Row in Incline Village, Nev. The estate was listed for $76 million last year by sellers Nora Lacey, founder of biotech company Cell Marque, and her husband, Dr. Michael Lacey, a pathologist.
Moreover, the couple purchased the estate for $31 million in 2017 and invested about $5 million in upgrades. Per listing records, the price was dropped to $68.9 million in May before selling at the final asking price. The identity of the buyer was not disclosed.
“This transaction marks a significant moment in Lake Tahoe’s luxury real estate landscape, setting a new benchmark for exclusive estates in the region,” Perry said in a statement.
Jeffrey Berns, founder and CEO of Blockchains, sold his nearby 11,843-square-foot waterfront property for $47.5 million in August, just falling short of the previous record for Lake Tahoe.
Blockchain technology helps revolutionize real estate and facilitate business growth. Of course, the lake’s prior record was held by Thunderbird Lodge, once the estate of George Whittell Jr., which sold for $50 million in 1998.
Among the amenities the property features include an additional guesthouse, fitness and massage room, and deepwater pier
Furthermore, Wynn’s waterfront property design includes approximately 210 feet of private sandy beach, a deepwater pier, and two buoys.
The house itself spans about 12,700 square feet and features four bedrooms. However, an additional guesthouse has three bedrooms, per the Zillow listing.
The estate features a fitness and massage room with views and a gourmet kitchen. Additionally, the property has a media room and a game room with a partial kitchen.
Other amenities include a wine room and a great room that lead to 5,000 square feet of outdoor living space.
Wynn is known for developing iconic Las Vegas resorts like the Mirage and Bellagio. In fact, his estimated net worth is $3.7 billion, according to Forbes.
The Connecticut native built his home in 1993. Property records indicate that Wynn sold it for $17 million in 1998.