Lakeside Property

Fb CEO Mark Zuckerberg buys two Lake Tahoe estates for $59 million, report says

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LAKE TAHOE, Nev. – Mark Zuckerberg has friended the West Shore.

Previously six months, the Fb CEO quietly bought two adjoining estates on the West Shore of Lake Tahoe close to Tahoe Metropolis, the Wall Avenue Journal reported.

The 1930s Carousel Property, roughly three acres at 2340 Sunnyside Lane, went for $22 million in late 2018. The neighboring Brushwood Property, about 6 acres at 2360 Sunnyside, fetched $37 million in January 2019. 

In July 2018, the Carousel property was in the marketplace for $25 million, the Reno Gazette Journal reported in a narrative about dear Tahoe properties then on the market. The Brushwood property had been in the marketplace for $45 million, in keeping with the Wall Avenue Journal.

“The posh market at Lake Tahoe is as sturdy because it has ever been,” stated Jean Merkelbach, a number one Tahoe Realtor with Engel & Volkers. “This surge is the results of new tech cash from Silicon Valley and the regular rise in California taxation.”

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Included: A 400-foot non-public seashore

The purchases that created Zuckerberg’s $59 million compound rank amongst a number of mega-luxury listings and gross sales lately at Lake Tahoe. 

About two years after it got here in the marketplace, the Crystal Pointe property, with 520 toes of craggy shoreline on Crystal Bay, continues to be on the market for $75 million. On the Nevada facet of Lake Tahoe, a Zephyr Cove property with a 400-foot non-public seashore is asking a jot lower than $47 million, because the RGJ reported in Could 2018.

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On the gross sales facet, an property on the identical road because the Zuckerberg unfold closed for $40 million in April 2018. That very same month, a lakefront property in Incline Village closed for $36.5 million.

Merkelbach, the Tahoe Realtor, stated curiosity in ultra-high finish residential properties on the lake has reached a degree she hasn’t seen since her itemizing and sale of the Tranquility property for $48 million in late 2013.

Comply with Johnathan L. Wright on Twitter: @RGJTaste 

 

 

Learn or Share this story: https://www.usatoday.com/story/cash/personalfinance/real-estate/2019/05/08/facebook-ceo-mark-zuckerberg-lake-tahoe-estate/1144925001/

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