In a stunning display of luxury real estate sales, a Lake Tahoe estate originally built by renowned casino mogul Steve Wynn has just set a new sales record in Nevada. The property, located on the picturesque shores of Lake Tahoe, was recently purchased for a staggering $31.1 million, making it the most expensive residential sale in the state’s history.
The estate, known as “Crystal Pointe,” is a sprawling 5.14-acre property situated in the affluent community of Zephyr Cove. Boasting over 13,000 square feet of living space, the palatial home features seven bedrooms, eight bathrooms, and an array of lavish amenities fit for a billionaire’s paradise. From a private beach and boathouse to a stunning infinity pool and outdoor hot tub, the estate offers the ultimate in luxury living.
Originally built by Steve Wynn in the 1980s, the property has undergone extensive renovations and updates over the years to maintain its status as one of Lake Tahoe’s most prestigious estates. The home’s soaring ceilings, floor-to-ceiling windows, and custom finishes create a sense of grandeur and opulence that is unmatched in the region.
The sale of Crystal Pointe represents a significant milestone in Nevada’s luxury real estate market, signaling a resurgence in high-end home sales despite the challenges posed by the ongoing COVID-19 pandemic. According to industry experts, the demand for luxury properties in sought-after locations like Lake Tahoe has remained strong throughout the past year, as affluent buyers seek out secluded and spacious retreats to escape the urban chaos.
The buyer of the property has not been publicly disclosed, but sources close to the transaction indicate that they are a high-net-worth individual looking to establish a private sanctuary in one of the most coveted locations in the West. With its prime waterfront location, stunning mountain views, and unparalleled beauty, Crystal Pointe offers a level of exclusivity and tranquility that is unmatched in the luxury real estate market.
As Nevada continues to attract affluent buyers from around the world, the sale of Crystal Pointe serves as a testament to the enduring appeal of the state’s luxury real estate market. With its unique combination of natural beauty, world-class amenities, and unparalleled privacy, Lake Tahoe remains one of the most coveted destinations for discerning luxury homebuyers seeking a slice of paradise in the heart of the Sierra Nevada mountains.