LAKE TAHOE, Nev. – Mark Zuckerberg has friended the West Shore.
In the past six months, the Facebook CEO quietly purchased two adjoining estates on the West Shore of Lake Tahoe near Tahoe City, the Wall Street Journal reported.
The 1930s Carousel Estate, roughly 3 acres at 2340 Sunnyside Lane, went for $22 million in late 2018. The neighboring Brushwood Estate, about 6 acres at 2360 Sunnyside, fetched $37 million in January 2019.
In July 2018, the Carousel property was on the market for $25 million, the Reno Gazette Journal reported in a story about pricey Tahoe homes then for sale. The Brushwood property had been on the market for $45 million, according to the Wall Street Journal.
“The luxury market at Lake Tahoe is as strong as it has ever been,” said Jean Merkelbach, a leading Tahoe Realtor with Engel & Volkers. “This surge is the result of new tech money from Silicon Valley and the steady rise in California taxation.”
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Included: A 400-foot private beach
The purchases that created Zuckerberg’s $59 million compound rank among several mega-luxury listings and sales in recent years at Lake Tahoe.
About two years after it came on the market, the Crystal Pointe estate, with 520 feet of craggy shoreline on Crystal Bay, is still for sale for $75 million. On the Nevada side of Lake Tahoe, a Zephyr Cove property with a 400-foot private beach is asking a jot less than $47 million, as the RGJ reported in May 2018.
On the sales side, an estate on the same street as the Zuckerberg spread closed for $40 million in April 2018. That same month, a lakefront property in Incline Village closed for $36.5 million.
Merkelbach, the Tahoe Realtor, said interest in ultra-high end residential properties at the lake has reached a level she hasn’t seen since her listing and sale of the Tranquility estate for $48 million in late 2013.
Follow Johnathan L. Wright on Twitter: @RGJTaste