Tranquility Sells for $48 Million!

Tranquility Sells for $48 Million!

Tranquility Sells for $48 Million!

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The year 2013 was a busy year for multi-million dollar home sales around Lake Tahoe. Lakefront mansions that had been wasting away in a sales slump for years started to gain momentum. After six years of being on the market, one of the most expensive, Tranquility, has finally sold.

For those attracted to heavy stone fortresses and very elaborate Rococo interiors reminiscent of Versace’s taste, Tranquility is the go-to dream house. The lakefront mansion was built in 2000 on 210 acres by Joel Horowitz, former co-founder and CEO of Tommy Hilfiger, who now serves as co-chairman of the board of Diane Von Furstenberg.

It hit the market first in 2006 with a price tag of $100 million. The 27,000 square foot residence, including the main house and guest house, has nine bedrooms, 19 bathrooms, a 19-seat movie theatre, opulent master suite wing, two-story living and dining and a two-story library and billiards room. There is also an indoor basketball court, indoor atrium pool, a private lake with boat house, equestrian facilities, and two par-3 golf holes. In addition is a six-car garage and staff quarters, a huge wine cellar-tasting room, and flooring reclaimed from a 17th century French chateau and from the New York City Public Library. The staircase is a replica of the Titanic grand entry and the home’s bronze door was once owned by newspaper magnate, William Randolph Hearst.

Initially listed at $100 million and later reduced to $75 million, Tahoe’s Tranquility just sold for $48 million.

Source: www.toptenrealestatedeals.com