In a significant record sale for Lake Tahoe real estate, Christine Perry of Christie’s International Real Estate Sereno, Los Gatos office, has successfully facilitated the sale of the Old Forge Estate for an impressive $62 million, representing both the buyer and seller. Constructed in 1994 by casino mogul Steve Wynn, the estate offers unobstructed views of Lake Tahoe. It is surrounded by towering pines and lush alpine landscaping set behind private gates for added seclusion.
The residence is 12,661 square feet with a grand primary suite, three en-suite bedrooms, and a dedicated wellness room with sweeping lake views. You’ll also find a gourmet kitchen, home gym, wine-tasting room, and a spectacular great room that unfolds into an expansive outdoor living space. With only a handful of spacious lots on Lake Tahoe, the San Francisco Bay Area buyers were drawn to this one-of-a-kind estate for its large five-acre lot, the private sandy beach, and opulent living spaces encompassing this tranquil and private retreat.
This sale marks a pivotal moment in a market that has experienced shifts since the peak of the COVID-era boom in 2021. Perry shared Lake Tahoe real estate prices have stabilized since COVID, but high-net-worth buyers are still drawn to the tax-friendly state of Nevada. Selling in both Silicon Valley and Lake Tahoe, Perry helps bridge high-net-worth individuals to luxury properties in the area.
In August, a home on Lake Tahoe sold for $47.5 million. The lake’s prior record was held by Thunderbird Lodge, once the estate of George Whittell Jr., which sold for $50 million in 1998. Previously acquired in probate for $31 million in 2017, the Old Forge Estate showcased its potential for substantial investment returns. With this record-setting sale, Perry not only continues to elevate her professional standing, but also underscores the exceptional real estate opportunities that continue to attract discerning buyers to this iconic destination.
Sold By: Christine Perry
(408) 858.5587
CA DRE 01157473 | NV DRE S.0192951
