A Lake Tahoe estate that neighbors Mark Zuckerberg's is on the market for $44 million. Look at the sprawling property in the California enclave where sales are soaring in the pandemic.
- A Lake Tahoe estate just hit the market for $44 million, making it one of the most expensive homes in the area, Katherine Clarke reported for The Wall Street Journal.
- The seven-bedroom lakefront home comes with 175 feet of private beach, a marina-style pier with a jet ski lift, and a 2,000-bottle wine cellar.
- It's a two-minute drive from the $59 million compound Facebook founder Mark Zuckerberg bought last year.
- Sales in Lake Tahoe have been skyrocketing during the pandemic as affluent Californians flee cities.
- A local real-estate agent told Business Insider that most new buyers and renters are San Franciscans and Angelenos looking for more space.
In Lake Tahoe, a wealthy enclave in California's Sierra Nevada Mountains, a waterfront estate with 175 feet of private beach has hit the market for $44 million, Katherine Clarke reported for The Wall Street Journal.
The 3.3-acre property is a two-minute drive from Facebook CEO's Mark Zuckerberg's $59 million compound on the lake's west shore. It comes up for sale as wealthy Californians are flocking to Lake Tahoe during the pandemic in search of more space. One of the area's top real-estate agents told Business Insider's Natasha Solo-Lyons that Angelenos and San Franciscans are making over-ask offers and getting into bidding wars for homes surrounding the lake.
The $44 million home on the west shore of the lake, which is listed with Tahoe Luxury Properties, comes with 175 feet of private beach and a marina-style pier with jet ski lifts. Inside is a home theater, a 2,000-bottle wine cellar, and seven bedrooms, including a 1,500-square-foot master suite with a private gym.
Take a look inside the luxurious lakefront estate.
A luxurious mountain estate that sits on 3.3 acres on the shores of Lake Tahoe, one of California's largest lakes, has hit the market for $44 million, per The Wall Street Journal.
It's one of the most expensive listings in the area, per the Journal.
The home comes with 175 feet of private beach on Lake Tahoe, one of California's largest lakes.
During the pandemic, the real estate market in Lake Tahoe has kicked into a frenzy, as Business Insider's Natasha Solo-Lyons recently reported. Affluent Angelenos and San Franciscans have been getting into bidding wars and making offers well over asking, a local real-estate agent told Solo-Lyons.
The lakefront home comes with a marina-style pier with a 12,000-pound boat hoist, a jet ski lift, and two boat slips.
Source: Tahoe Luxury Properties
It's a two-minute drive from the compound that Facebook founder and CEO Mark Zuckerberg acquired early last year.
In the spring of 2019, Zuckerberg spent more than $59 million on two adjacent Lake Tahoe properties that together span 9.5 acres and 600 feet of private waterfront.
This $44 million home and Zuckerberg's properties sit on the west shore of the lake.
The area is known for "old, understated money —less flash, more hunker in the woods," Katherine Clarke reported for The Wall Street Journal last year, adding that neighbors include the families of the late Hewlett-Packard founder Bill Hewlett and the late publishing icon Charles McClatchy.
A slate driveway leads up to the $44 million lakefront estate.
Source: Tahoe Luxury Properties
The home was "extensively remodeled" in 2013, according to the listing.
Source: Tahoe Luxury Properties
The great room features vaulted ceilings and floor-to-ceiling windows. The home also boasts four fireplaces.
Source: Tahoe Luxury Properties
And there's an attached industrial kitchen for caterers.
Source: Tahoe Luxury Properties
Throughout the home, the floors are heated using a hydronic radiant heating system.
Source: Tahoe Luxury Properties
The master bathroom features a large soaking tub, also with views of the outdoors.
Source: Tahoe Luxury Properties
The house has no shortage of wine storage: its cellar can accommodate 2,000 bottles.
The Lake Tahoe estate also comes with a home movie theater with two rows of seating, as well as well as a lakefront patio patio with a built-in barbecue, hot tub, and two gas fire pits.
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