Lake Tahoe is an area that is home to some of the wealthiest people in America. With its incredible combination of skiing and beaches, it is a year-round paradise that has attracted residents such as Mark Zuckerberg and Larry Ellison. But while this area is home to luxurious lake houses, full-time residences, and resorts, the most expensive sale in this region may lie in the near future, not the past. A recent summer listing, 575 Lakeshore, is set to shatter the record for the most expensive home sale in Lake Tahoe of all time.
Lake Tahoe is located right on the border between California and Nevada. It is a legendary location known for the clarity and purity of the water, its 2-million-year long history, and incredible mountain views.
The area’s unprecedented natural landscape has made it one of the top destinations for summer lakefront living and winter skiing. This year-round blend has made it wildly popular with tourists. This popularity also makes it a haven for the rich and famous, with incredible real estate options and rising real estate prices.
Currently, the most expensive home sale in the Lake Tahoe area went for an incredible $48 million, but 575 Lakeshore will shatter this record if it receives anything close to its listed asking price. 575 Lakeshore has been on the market since July, with a listing price of $60 million. While this is an unprecedented amount for a home in the area to be listed for, this property is completely unique and offers an unparalleled Lake Tahoe lifestyle.
This property, which is heavily influenced by Yosemite National Park’s legendary Ahwahnee Hotel, is a compound that sits on a two parcel, 5.3-acre lot and has 313 feet of private lakefront complete with two buoys and a pier with a boat lift. The access to the lake and private secluded area make this home an incredible summer retreat.
While the property’s land is a big part of its value, it wouldn’t be listing for the price it is if the home itself wasn’t incredible. The main house is a 12,679-square foot property with an earthy look that perfectly fits the beautiful natural environment it is situated in. Built with materials like wood and stone, the house has a nature-oriented look authentic to the Lake Tahoe region.
Inside the home, granite and exposed brick features are plentiful. The living room has a massive 39-foot ceiling with a panoramic lake view, and the kitchen and dining room are adorned with Italian themes such as Venetian plaster. The primary bedroom has a granite fireplace, incredible water views, and a luxurious bathroom complete with his-and-her toilet rooms.
This home is massive and spacious, offering plenty of options for customization. This property’s other incredible features are the massive tiled outdoor patio, complete with tanning chairs and umbrellas, and the Lakeview bar, incredible granite and chestnut tree bar perfect for entertaining. The property also has a 3,800-square foot, four-bedroom guest house big enough to serve any purpose.
This house is placed on the market at a time when Tahoe properties sell faster and for more than ever before. According to Libby Leffler, the president of Compass Northern California, one of the reasons for Lake Tahoe’s recent real estate rise is pandemic-based. “With the broader shift to remote and hybrid work during the pandemic, people realized that they no longer needed to live as close to their workplace and relocated to Tahoe, creating unprecedented housing demand,” said Leffler.
This explanation makes perfect sense. If the wealthy residents of New York City, San Francisco, or Los Angeles no longer have to live in the city and pay higher real estate prices for less spacious residences, why not head to one of the most naturally stunning places in the entire country. There are few better, more open areas to set up in for the long term than along the water in Lake Tahoe.
575 Lakeshore has come to be known as Nagi Tanka, a Lakota translation of Great Spirit. The property is an incredible opportunity for a buyer looking to find the perfect Lake Tahoe retreat. Nestled in a private, stunning area with unmatched lake views, Nagi Tanka is a spacious, luxurious abode that can house a family of any size. With room for customization and a massive waterfront area, 575 Lakeshore represents the pinnacle of Lake Tahoe living.
