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Land Resources / News / Nevada
$49.9 Million Lake Tahoe Compound Being Offered as Individual Parcels
Source: The Wall Street Journal, by Juliet Chung
August 19, 2011 
A 4.35-acre Lake Tahoe, Nev., compound is being offered for sale as separate lots. It was previously listed as a single property for $49.9 million, the second-most expensive listing in the area. Owner Tom Gonzales, who co-founded Silicon Valley software company Commerce One, first listed the Incline Village estate, known as "Sierra Star," in 2007 for $65 million. The largest parcel measures 1½ acres and has the main, 10,500-square-foot home and 150 feet of frontage on Lake Tahoe. Another lakefront parcel is undeveloped but has a pier; two other parcels with lake frontage have 4,500-square-foot homes. The last parcel has a 12,000-square-foot collector's garage and a 2,500-square-foot home above. The asking prices for the five lots total $49.9 million.
Read the complete article from The Wall Street Journal » |
