Former Tommy Hilfiger CEO and co-founder Joel Horowitz has a new plan to sell his gargantuan Lake Tahoe estate, which has been on and off the market for the past six years: He will personally finance the purchase for a qualified buyer.
The financing deals would be worked out once a qualified buyer is found, but it's a rare offer from a seller, a representative for the realtor said.
The home was initially listed for $100 million; it was relisted with Sierra Sotheby's International Realty in January with an asking price of $75 million.
The 210-acre estate, called Tranquility, is the largest on the Nevada side of Lake Tahoe. In addition to a 27,000-square-foot mansion, it has an indoor glass mosaic pool, private lake, two par-3 golf holes and an indoor golf simulator, horse stables, a wine cellar, a cinema, and separate guest and staff residences.
The decor is also impressive, from a replica of the staircase on the Titanic to four Rembrandt paintings. Nearly all of the furnishings are included in the sale price.