Representing Lake Tahoe's Most Expensive Sale
We recently had the privilege of bringing both the buyer and seller together in the sale of the iconic Old Forge Wynn Estate in Incline Village, Nevada. This 5-acre property, located on prestigious Lakeshore Boulevard, was built by casino mogul Steve Wynn, and sold for $62 million.
An Exceptional Listing
Lakeshore Boulevard has become known as “Billionaire Row” because it attracts many high-wealth individuals to Lake Tahoe. This much sought-after address offers the opportunity to own a piece of the Lake Tahoe shoreline in the tax-friendly environment of Nevada.
The sale of this estate set the record for the most expensive property sold at Lake Tahoe. In August of 2024, a tech founder of a Blockchain company sold his Lakeshore Boulevard estate for $47.5 million. Prior to these two sales, the most expensive property sold at Lake Tahoe was the Thunderbird Lodge on the east shore, which sold for $50 million in 1998.
The Old Forge Wynn Estate is situated on 210 feet of private sandy beach, with a deep-water pier and two buoys. The 12,700 square foot main residence has four bedrooms, with an additional three-bedroom guesthouse, all nestled within a private and luxurious estate.
Unparalleled Marketing
Showcasing this iconic home to potential buyers in Incline Village, Nevada, we knew it offered a special buyer a once-in-a-lifetime opportunity to own a legacy home at Lake Tahoe. As a luxury real estate agent representing homes in both Lake Tahoe and the Bay Area, we have the unique opportunity to match buyers and sellers.
Most of our clients own multiple properties and are purchasing homes in both Lake Tahoe and the Bay Area of California. Our world-class marketing, networking and ability to bring unparallelled exposure to our listings is the key to our success.
The sellers had purchased the 5-acre estate for $31 million in 2017, and invested about $5 million on upgrades. Wynn, who built the home after buying the land in 1993, sold it for $17 million in 1998. The original list price was $76 million and it was lowered to $68.9 million in May. It went into escrow on September 16, 2024.
A generational home such as the Old Forge Wynne Estate rarely comes on the market. Our buyers recognized the unique value of such an extraordinary property and it was our pleasure to serve both the buyers and sellers in this transaction.
The sale marks a significant moment in Lake Tahoe’s luxury real estate landscape, setting a new benchmark for exclusive estates in the region.
Contact us today for more information on available lakefront estates in Lake Tahoe, or to discuss listing your home for sale.
