A 5-plus-acre lakefront compound in Nevada just hit the market – and it’s poised to break a months-old record for most expensive sale in the Lake Tahoe area.
Known as Whispering Pines, the property in Glenbrook was listed Tuesday for $65 million, according to a Homes.com listing. Put another way, that’s about $369,000 per month with a 30-year, fixed-rate mortgage after a 20% down payment.
At that price, the estate is the most expensive single-family house listed for sale in the Lake Tahoe area and the state of Nevada, Homes.com data showed.
And if sells at its listing price, the transaction would mark the priciest single-family home sale in Nevada, listing agent Jean Merkelbach of Engel and Völkers confirmed.
That record was recently set in October when a mansion built by hotelier Steve Wynn on the northern shore of the lake sold for $62 million. Before that, the record was the $50 million sale of a property known as Thunderbird Lodge in 1998.
Merkelbach said she priced Whispering Pines based on its location and amenities as well as “the future opportunities to create an even greater compound.”
Resort-like amenities
The approximately 8,200-square-foot single-story house was built in 1989, according to Homes.com. It has four bedrooms, five bathrooms and a guest house.
It's “resort-style” amenities include a pool, tennis and pickleball courts, a three-hole golf course and a private beach, Merkelbach wrote in the listing description on Homes.com.
Inside, the property is “an architectural masterpiece,” she wrote. Much of the house is lined with floor-to-ceiling windows, offering uninterrupted views of the 120-feet of waterfront included in the property.
“Rarely does such an opportunity arise to own a piece of Lake Tahoe’s most coveted shoreline,” Merkelbach wrote.
Now, Merkelbach sees the property appealing to an “ultra-high-net worth buyer with a significant interest in luxury real estate,” she said in a text. There’s also the appeal of privacy and friendly tax policy.
That pool of buyers includes “successful entrepreneurs, CEOs, professional athletes, investors and prominent figures in the entertainment industry who are looking for a prestigious and secluded estate,” she said.