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If you’re looking for a vacation home, or at least a home that feels like a vacation, it’s worth looking in to this Lake Tahoe lakefront estate. Located on the north shore of Tahoe’s “Billionaire’s Row,” the house includes some serious amenities like your own private pier and beach. Listed by Chase International for $US11.9 million, it was originally built in 1949 large windows in almost every room to soak in the view. And aside from the three bedrooms, the home includes a library, office, family room, and separate guesthouse.
LARRY ELLISON STRIVES FOR PERFECTION IN EVERYTHING HE DOES.
Whether it’s building one of the world’s largest computer software corporations or sailing his boat in America’s Cup (which he’s won twice) the Oracle CEO accepts nothing but the best. Such is evidenced in the many trophy properties throughout the world that Mr. Ellison has a knack for collecting, from the Astor family mansion he purchased in 2010 in Newport, Rhode Island, to his 98% holding of the Hawaiian island of Lanai. And when he finds something he likes, Mr. Ellison will frequently buy up the land around it to create a sanctuary that’s closer to a five-star resort than a private residence, as he did with his recently listed Lake Tahoe compound.
Constructed by renowned builder Bruce Olson, it was such attention to detail as Austrian white oak flooring and log wrapped steel beams within the 9,242 square foot lodge-style residence, and a location where one can enjoy boating on pristine waters in the summer and world-class skiing in the winter, that drew him to the property. Intended to be Mr. Ellison’s main Lake Tahoe dwelling, the business magnate spent nearly eight years developing the compound, during which time he acquired a total of three parcels for a combined 2.6 acres and 230 feet of impeccable lake frontage. However, when presented with the opportunity to build an estate from the ground up on a nearby lot, the Oracle CEO couldn’t resist and as a result the spectacular residence of one of the world’s wealthiest people is available to anyone who wants to experience life as few people do.
Don Henley’s former estate is part of a $27.5 million spread in Colorado, while Larry Ellison’s massive compound takes shape in Nevada and California — with nary a bear rug in site.
December 19, 2013 by Alexandria Abramian
Modern design is going straight to the top of some of the country’s hottest ski resort towns, where right-angled contemporary homes — with plenty of out-there amenities — are keeping company with traditional-style cabins.
Straddling California and Nevada, the mountaintop getaway of Lake Tahoe has seen some of the most significant rises in real estate values compared with other ski towns. For design lovers, Martis Camp, located on the California side, has become a magnet for top Los Angeles architects and designers. L.A. architecture firm Marmol Radziner (whose clients include Tom Ford) has just completed its second commission in the 2,177-acre private community, while interior designer Jamie Bush (Nina Jacobson, Rich Ross) is finishing up an 8,000-square-foot contemporary for former Facebook vp and current venture capitalist Chamath Palihapitiya. “This is where the serious money are building homes,” says Bush.
But the even bigger money is moving in on the Nevada side of Tahoe, says real estate agent Kerry Donovan of Chase International. Case in point: Larry Ellison’s massive in-construction compound. “This year, we’ve seen almost $200 million in sales on the Nevada side, mostly in Incline Village and Crystal Bay,” Donovan says. “Much of that has to do with Proposition 30 in California, which has raised income taxes. That’s not the case here, and that has got the market moving.”
Ben van der Meer, Staff Writer- Sacramento Business Journal
Volume of home sales are up in Tahoe according to the Sacramento Business Journal. Ben van der Meer reports:
“Even a slight spike in interest rates toward the end of summer hasn’t slowed down the market around Lake Tahoe, according to real estate industry members in the area.
The volume of home sales rose 60 percent, and by 293 percent for homes selling for less than $1 million in the third quarter, according to Chase International.
Susan Lowe, corporate broker and senior vice president at Chase, said passage of higher taxes on the wealthy in California last year has definitely spurred some buying in Nevada, but both sides of lake are seeing improved sales.
“The other issue is the record low interest rates, even though they went up a bit,” she said. In conversations she’s had with other real estate professionals nationwide, she’s sensing an overall uptick in positivity about the economy. “Especially in the first eight or nine months of the year, though it’s come down a bit lately.”
Comparing the first three quarters of 2013 to the same period a year earlier, the percentage of homes selling for more than a million rose by 78 percent in Tahoe. Overall median home values have risen by a third so far this year, to $444,000, according to Chase International.
Ben van der Meer, Staff Writer- Sacramento Business Journal
An Incline Village home is off the market, for the highest sales price to date in that community: $19.75 million.
The home, known as StoneGate and on the Lake Tahoe-facing Lakeshore Drive, was bought last week by an unidentified buyer through the firm Chase International.
Built in 2006, the home’s interior was designed by Michael S. Smith and features 10,000 square feet of living space. The home also has a private pier and 100 feet of lakeside beach to go with five bedrooms and 10 bathrooms, an exercise room and a wine cellar. StoneGate was named for its exterior granite stonework.
“The attention to detail and craftsmanship is unmatched on Lake Tahoe,” Smith said in a news release about the sale. “It can hold its own with the most beautiful homes in the world.”
Lake Tahoe’s Sierra Star has been listed on TopTenRealEstateDeals.com’s Top 5 Pick of the Week list along with other outstanding properties from around the world.
From the article:
The entire 27,239 square foot Sierra Star compound with nine bedrooms and ten bathrooms is under a canopy of aspen, maple and pine trees connected through lake views, walking trails and a 90,000-gallon man-made waterfall. In addition to the Carriage House, the collection includes the Main House with one acre, 10,695 square feet, 160 feet of lakefront and seven bedrooms and the 4,544 square foot Lakeview House with 63 feet of lake frontage.
The Lake Tahoe basin was formed by a combination of glaciers, an ancient volcano and fractures in the earth’s crust that created the lake area and the surrounding mountains. Today, the lake forms part of the California – Nevada border with about two-thirds in California and one-third in Nevada. It is the largest alpine lake in North America with enough water to cover the entire state of California four inches deep. Mansions of celebrities and dot-com moguls are spread along the shoreline with Incline Village being one of the most popular enclaves on the north side of the lake in tax friendly Nevada. From snow skiing to water skiing and from nearby casinos and fine dining, the region can be enjoyed year round.
By Kathryn Reed, June 28, 2013, www.laketahoenews.net
For those with $42.995 million to spend it will get you a lakefront compound on five parcels with four houses. Those looking for some history might be interested in the former Howard Hughes estate that is selling for $19.5 million. Those with a more modest budget should check out the $2.495 million cabin that was built in 1926.
These were just three of the 23 houses available to tour on June 26 during the 17th annual Chase International Lake Tahoe Lakefront and Luxury Estates Tour.
Agent Sue Lowe, who organizes the event, was at a house on Skyland Boulevard that is going for $4.95 million. She explains Nevada property taxes to a potential buyer – how they aren’t configured anything like California’s, and how Douglas County where the house is located has much lower taxes than Washoe County.
Most of the houses on this tour are right on the water.
Lowe tells Lake Tahoe News these properties are still the most appreciated in the basin, with lake views second most popular.
It’s the rare property that has a pier, boathouse and sandy beach. Some don’t have any of those amenities. This house has the beach – which in itself is rare for this side of the lake, which is traditionally rockier.
The houses are all over the board in terms of what they look like from the outside, the character inside and the price range. The least expensive was $2.195 million in Meeks Bay. The most expensive was $42.995 million in Incline Village, which was recently reduced from $49.9 million.
The latter is known as Sierra Star. Tom Gonzales, founder of Commerce One, assembled the five parcels that have four houses. In what is called the Carriage House he used to have 100 motorcycles. There is 2,000-square-feet of garage space.
Below that is 10,000-square-feet – mostly concrete. A lift that can hold 250,000 pounds is off to the side.
The top floor is another 2,000-square-feet. It’s where the mechanics and others lived.
The main house is 10,000-square-feet. The other two structures – or guesthouses – are each 4,000-square-feet.
It’s possible to buy the whole 4.3-acre compound or pieces of it.
“The luxury market is heating up with increased activity around the lake,” Lowe says.
In the last eight months two houses on the lake each sold for more than $20 million. That hadn’t happened since 2008.
…Continued. Click here to read the rest of this article at laketahoenews.net.