Industry News

At $100 million, Lake Tahoe spread is third-priciest listing in U.S.

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It's called Tranquility -- and with its own private lake, conservatory, boat house, stable, gymnasium and garage space for 17 cars and views of Lake Tahoe -- you have to believe it will deliver just that for a buyer who can pay the $100 million asking price for this luxury home on 210 acres. It would be the priciest listing in the U.S. right now, if Donald Trump and Saudi Prince Bandar weren't trying to unload properties in Palm Beach, Fla., and Aspen, Colo., for $125 million and $135 million, respectively (see Inman News story). Shari Chase, the founder of Lake Tahoe-based Chase International, is handling the listing for Tranquility's seller, who she said is a co-founder of Tommy Hilfiger Corp. The property is unique because it feels almost totally secluded, but is a 10-minute drive from Lake Tahoe's shops, casinos and skiing, Chase said. It was owned for nearly a century by a family that left it undeveloped, until the current owner built the main residence and other buildings, she s...