Where Big Money Comes to Play-Incline Village , Nevada

December 7, 2012

Once a lumber settlement, Lake Tahoe’s Incline Village now attracts a range of business moguls to its ski moguls

By SARAH TILTON, WSJ.com, December 6, 2012
Jeff Dow / North Lake Tahoe

Jeff Dow / North Lake Tahoe

Railroad executive and real-estate developer Kern Schumacher started coming to Lake Tahoe in the 1950s and bought a property in the then-sleepy town of Incline Village, Nev., in 1971, attracted to “the combination of beauty and low taxes.”

On what’s now considered a prime lakefront spot on prestigious Lakeshore Boulevard, Mr. Schumacher built a 12,900-square-foot contemporary style house, restored an existing 1952 guesthouse and added another guesthouse. His property has a pier with eight boat lifts, a tennis court, a beach-volleyball court, a creek and two ponds stocked with trout.

Today, he has a more glittery group of neighbors as well. Lakeshore’s homeowners include former junk-bond king Michael Milken, Sun Microsystems co-founder Andy Bechtolsheim and Commerce One co-founder Tom Gonzales. Oracle billionaire Larry Ellison owns a number of properties on Lakeshore; PeopleSoft founder and Workday Co-CEO David Duffield has snapped up a number of properties on and around the street.

“I have no complaints, you couldn’t ask for better neighbors,” says Mr. Schumacher. Last summer, he hosted the League to Save Lake Tahoe benefit, the first time the event was held at Incline, attracting San Francisco philanthropist Dede Wilsey Chief Executive Marissa Mayer.

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