realestate

Luxury wine entrepreneur sells 130-acre Lake Tahoe retreat for $188 million

Lake Tahoe estate owners list 130-acre property for sale after record-breaking purchase nearby.

A
chance to outdo Mark Zuckerberg and the recent record-breaking homebuyer on Lake Tahoe has emerged, with a price tag of $188 million. Larry Ruvo, head of Southern Glazer Wine and Spirits of Nevada, and his wife Camille have listed their 130-acre Shakespeare Ranch at Glenbrook Inn Road in Glenbrook, Nevada.

    The property, which spans the Golden and Silver states along the sparkling blue lake, has seen a surge in prices driven by tech billionaires from the Bay Area. In recent years, Mark Zuckerberg bought two lakefront properties for $59 million, while an unidentified buyer paid $62 million for a Steve Wynn-built mansion this month.

    Shakespeare Ranch, known for its cliff-face resembling William Shakespeare and a history of hosting politicians, rock stars, comedians, and chefs in secret, boasts 17 residences and cabins, 14 buoys, a 465-foot deep-water pier, two boat lifts, and a 151-year-old barn. The property has been listed as "130 acres of pure American poetry" in tax-friendly Nevada.

    The Ruvos initially put some parcels on the market for $84 million before listing the entire estate for $188 million. A buyer can purchase parts of the property, including the 4,300-square-foot Water's Edge home with a lakeside cabana and pier, for $35 million. Listing agent Mike Dunn describes the property as "a must-see" and "something I've never seen before."

Luxury wine entrepreneur sells 130-acre Lake Tahoe estate for record-breaking $188 million.