Dianne Feinstein finds buyer for Lake Tahoe compound after $10M price chop

The almost five acre property has a main house, two guest homes and wide frontage on Lake Tahoe

San Francisco Weekend Edition /
Nov.November 20, 2021 11:30 AM
U.S. Senator Dianne Feinstein and the Lake Tahoe property (Getty, Realtor.com via Katrine Watson)

U.S. Senator Dianne Feinstein and the Lake Tahoe property (Getty, Realtor.com via Katrine Watson)

U.S. Senator Dianne Feinstein found a buyer for her waterfront compound in Lake Tahoe after slashing her asking price by $10 million.

The compound went under contract in early November, three weeks after the price was cut to $36 million from $41 million, according to the New York Post. Feinstein and her husband Richard Blum, head of Blum Capital, listed the property last fall at $46 million, then dropped the price again in June.

The almost five acre property at 9115 State Highway 89 in South Lake Tahoe spans three parcels and is anchored by a large main mansion built in 1997. The manse and two guest houses total about 10,000 square feet of living space with 11 bedrooms and nine bathrooms.

The home is a rustic lodge style and includes two fireplaces, a game room and a two-car garage.

The rear opens to a wide deck and a walkway that winds down the hillside to what may be the property’ biggest selling point — its 278-foot long sandy beach and a 172-foot-long pier on Lake Tahoe. The pier includes a boat lift and four buoysl.

A guesthouse dubbed the “Rubicon Pavilion” also sits off the rear pathway. It was built in 2015 and includes floor-to-ceiling glass windows and a stone patio with a fire pit overlooking the lake.

Property records listed by Zillow show the property last sold in 2007 for $9.7 million, although that may be the price for just one or two of the three parcels.

Feinstein is the nation’s oldest serving senator and will be the longest-serving Democratic senator upon the retirement of Vermont Senator Patrick Leahy in 2023.

She and Blum also own a home in San Francisco’s Pacific Heights neighborhood, home to some of the city’s priciest real estate.

[NYP] — Dennis Lynch 





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