The 10,000-square-foot Incline Village property first went on the market about a year ago for $49 million. This home was sold fully furnished to a buyer in the San Francisco Bay Area.
Whether you’re refining your business model, mastering new technology, or finding a strategy to take advantage of the next market boom, Inman Connect New York prepares you to take a bold step. The next chapter is about to begin. Please join us. Join us and thousands of other real estate leaders from January 22-24, 2025.
A 10,000-square-foot forest mansion on the Nevada side of Lake Tahoe has sold for $33.5 million, a nearly 30 percent discount.
The Incline Village property was first put on the market about a year ago for $49 million, but the asking price was later lowered to $44 million in August, The Wall Street Journal reported.
Participate in the December INMAN Intel Index Survey
First California Mortgage Company Dennis Hart and his wife Katherine Hart were the sellers of the property, and Jan Merkelbach of Engel & Voelkers represented them. The property was sold to a person in the San Francisco Bay Area, and the deal included furniture, said buyer agent Christine Perry of Christie’s International Real Estate Sereno.
The Harts bought the approximately 1-acre property in 1994 for $2.85 million, according to property records. The couple then demolished the 1940s house on the property and built a nine-bedroom mansion in its place over about three years. According to WSJ, the boathouse on the property was also restored and connected to the main house through a wine cellar.
The home features an indoor saltwater pool, log decor and locally quarried stone, and a game room with pool table. The property includes a sandy beach, a steel pier with a lift, multiple buoys and beachside cabanas, according to the property description.
In October, another lakefront property in Incline Village, originally built by casino mogul Steve Wynn, sold for a record $62 million. The home is approximately 12,700 square feet and sits on 5 acres, including 210 feet of sandy beach.
Get Inman’s premium lenses newsletter delivered straight to your inbox. A weekly magazine that delves deep into the world’s biggest news in luxury real estate, delivered every Friday. Click here to subscribe.
Email Lillian Dickerson
