Blockchains founder Jeffrey Berns sells Lake Tahoe estate fro $48M

Just two months after listing the mansion for $50 million, Blockchains founder Jeffrey Berns sold his Lake Tahoe estate for $47.5 million.

The sale makes it one of the most expensive homes ever sold on the lake, the Wall Street Journal reported. 

Clif Chase of Chase International Luxury Real Estate had the listing and Lexi Cerretti of Compass brought the buyer. Chase declined to identify the buyer, according to the outlet.

Berns and his now ex-wife, Mary Berns, bought the lakefront home at 859 Lakeshore Boulevard for that same price in 2022. The 1.4-acre compound spans 150 feet of lakefront, and includes the 12,000-square-foot mansion, a pier and a boat lift. The home also has a theater, 1,200-bottle wine cellar, four bedrooms, in-law quarters and an office, the listing shows. 

“We changed all the fixtures, all the furniture, and then got divorced. So it’s a turnkey property,” Berns told the outlet in June. 

Berns founded Blockchains in 2014. In 2018, he bought 67,000 acres of desert near Reno, Nevada for $170 million, with the idea to turn it into a blockchain-fueled utopia. The company announced that it sold 2,200 acres in the area in an October press release. 

Berns’ other real estate investments include two adjacent lakefront properties he listed for $45 million in 2022. He also bought a 16-acre estate with an incomplete 37,500-square-foot mansion in Spring Valley, Nevada for $25 million in December. The compound spans 110,300 square feet and has 10 buildings, with multiple guest houses, a carriage house, a caretaker’s house and a pool. The estate has in total 25 beds and 48 bathrooms. He now lives full-time in Spring Valley, the outlet reported. 

–– Kate Hinsche