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Tahoe mansion sale will likely set new record price for the region

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.

The house's architectural aesthetic was inspired by the Ahwanee Hotel in Yosemite. 
Peter Tye, 2View.com The house’s architectural aesthetic was inspired by the Ahwanee Hotel in Yosemite. 
The property consists of two parcels in Incline Village, on the Nevada side of Lake Tahoe. 
Peter Tye, 2View.com The property consists of two parcels in Incline Village, on the Nevada side of Lake Tahoe. 
Along with the dedicated shoreline, the property offers a pier and boat launch. 
Peter Tye, 2View.com Along with the dedicated shoreline, the property offers a pier and boat launch. 
The entrance to the property alludes to the grandeur within. 
Peter Tye, 2View.com The entrance to the property alludes to the grandeur within. 
The soaring ceilings frame massive windows and a hearth to warm the capacious room.
Peter Tye, 2View.com The soaring ceilings frame massive windows and a hearth to warm the capacious room.
The kitchen is massive and opens both to the living room and formal dining room. 
Peter Tye, 2View.com The kitchen is massive and opens both to the living room and formal dining room. 
A dramatic staircase brings us up to the next level in the main house. 
Peter Tye, 2View.com A dramatic staircase brings us up to the next level in the main house. 
The primary suite, which overlooks the lake, features a granite fireplace.
Peter Tye, 2View.com The primary suite, which overlooks the lake, features a granite fireplace.
There are many places on this property to gather outside and enjoy the stunning setting. 
Peter Tye, 2View.com There are many places on this property to gather outside and enjoy the stunning setting. 
Lake Tahoe sunsets come with the $60 million price tag.
Peter Tye, 2View.com Lake Tahoe sunsets come with the $60 million price tag.