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Lake Tahoe estate once owned by Steve Wynn lists for $76M
Highest-priced property on the market in the area
A luxe Lake Tahoe home once owned by billionaire casino mogul and hotelier Steve Wynn has hit the market for $76 million.
The lakefront estate at 1041 Lakeshore Boulevard (aka Billionaire’s Row), in Incline Village, Nevada, is the most expensive listing in Lake Tahoe and, if it sold for its listed price, would approach the record for the area’s most expensive sale, according to a press release.
The current owners are Nora Lacey, founder of biotech company Cell Marque, and her husband, Dr. Michael Lacey, a pathologist.
Christine Perry of Christie’s International Real Estate Sereno has the listing.
Wynn, who bought the land for $6.5 million in 1993, built the 5-acre estate in 1994. Wynn sold the property, also known as The Old Forge — Wynn Estate, for $17 million in 1998, according to the Wall Street Journal.
The property has about 210 feet of private beach, and has a deep-water pier, boat hoist, jet ski platform, and two buoys.
The 12,660-square-foot main residence has a primary suite with lake views, three en-suite bedrooms, a fitness and massage room, a gourmet kitchen, media room, game room, wine room, and a great room that unfolds into a 5,000-square-foot outdoor living space.
The estate also has a three-bedroom guest house.
Wynn, who resigned as chairman of Wynn Resorts five years ago amid allegations of sexual misconduct, has not quelled his appetite for real estate deals. In the spring, Wynn sold his lakefront mansion at 1350 North Lake Way in Palm Beach for $66 million to coffee magnate Bob Stiller and his wife Christine.
1041 Lakeshore Blvd WSJ from Miles Minno Photography on Vimeo.
A company tied to the Wynn Resorts’ ex-chairman and CEO paid $49 million for the North Lake Way estate in March 2021, which means the entity sold the property for a 35 percent increase in price in a little over two years.
Former President Donald Trump told attendees of a Grant Cardone conference held last year that Wynn is a master house flipper.
“He does it for sport,” Trump said. “He will buy a house, fix it up a little and sell it. He doesn’t need to do it, but he likes it.”