Lake Tahoe ranch once listed for $188m now prepares separate $43m mansion sale
Shakespeare Ranch, a historic estate in Lake Tahoe, has struggled to find a buyer since listing. The property was initially priced at $188 million but has seen a price reduction to $125 million. Potential buyers are now interested in purchasing parts of the estate instead of the entire property. The main house, called Water’s Edge, is for sale at $39.5 million and features extensive amenities.
Shakespeare Ranch, a historic Lake Tahoe estate with roots dating back to 1873, once listed for an unprecedented $188 million, but struggled to sell. Originally priced at that staggering sum, the property failed to attract buyers even after the price was cut to $125 million. Celebrities, including former U.S. President George H.W.
Bush, have visited the ranch, admiring its historic barn. However, the estate's size and the limited shoreline in Lake Tahoe proved to be challenges for potential buyers. With only a few lakefront properties available, agents like Christie's International's Christine Perry are in high demand, constantly sending letters and making calls to secure these prestigious listings.
Currently, the main house, Water's Edge, is available for $39.5 million, while another lakefront home is nearing completion and expected to go on the market for $43 million. Both properties boast luxurious amenities and private outdoor spaces, making them attractive options for buyers seeking turnkey lakefront estates.
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