Tahoe mansion sale will likely set new record price for the region
August 28, 2021
The highest price to date for a single-family in this area is $48M
Anna Marie Erwert
Aug. 28, 2021
In 2013, Tahoe recorded its highest sale price for a single-family home at $48 million. If 575 Lakeshore sells for even close to its asking price of $60 million, it will leave that record in the dust.
The estate for sale has been coined “Nagi Tanka,” which according to official marketing materials, is a Lakota term meaning “Great Spirit.” The lot itself is two parcels, comprising 5.3 acres, situated on 313 feet of lakefront. The main home is 12,679 square feet and overlooks the water. There’s also a 3,800-square-foot guest house, two buoys and a shared pier with a boat lift.
These numbers only get more impressive. There are 39-foot ceilings in the living room of the main house, and a family room with 12-foot-square glass doors opens onto a 4,000-square-foot terrace.
The existing $48 million record for a residential sale in Tahoe belongs to 525 Highway 50, a Zephyr Cove mansion that boasts a replica of the Titanic’s epic staircase within its 27,000 square feet and a 210-acre lot. This home sold in 2013.
The 2013 record was threatened in 2020 by the Lake Tahoe ranch that served as the Ponderosa Ranch in the TV series “Bonanza,” but that property (550 Sierra Sunset Lane) ultimately closed at $38 million.
If 575 Lakeshore sells for its asking, it dwarfs the existing record and will set a new bar for ultra-luxury real estate prices in Lake Tahoe.
Categorized in: Featured Listings