Real Estate

Casino Mogul Steve Wynn’s Former Estate On Lake Tahoe Lists For $76 Million

Billionaire casino mogul and hotelier Steve Wynn once called this Lake Tahoe estate home. Now, it’s listed by another owner for $76 million.

Wynn built this estate, known as The Old Forge – Wynn Estate, in 1994. While the former hotelier, who resigned as chairman and CEO of Wynn Resorts
WYNN
in February 2018 after decades of sexual misconduct allegations surfaced, hasn’t lived here in quite some time, the home remains one of the most coveted pieces of land in Tahoe.

It’s located on what is now considered Tahoe’s “Billionaires’ Row,” otherwise known as Lakeshore Boulevard, in Incline Village, Nevada. It’s also the most expensive property currently listed in the Lake Tahoe region and, if sold for asking, will be one of most expensive sales in Tahoe’s history. Current owners are Nora Lacey, founder of biotech company Cell Marque, and her husband, pathologist Dr. Michael Lacey.

Spanning five acres, the property offers unobstructed views of Lake Tahoe, is surrounded by towering pines and lush alpine landscaping and is set behind private gates for added seclusion. There is a 12,661-square-foot main residence, built with natural stone, wood and walls of glass. The heart of the home is the vaulted living room, with direct lake views, that connects to the expansive terrace. In total, there’s 5,000 square feet of outdoor space, which can be accessed by nearly every room on the main floor. The two-story main residence also houses a grand primary suite, gourmet kitchen, media room, three additional bedrooms, fitness and massage room, a game room and a wine room.

There’s also a 1,536-square-foot detached guest house that features three additional bedrooms. Altogether, there are seven bedrooms and seven full bathrooms. What makes this property truly unique is the private beach. There’s 210 feet of privately owned sandy beach—a rarity in Tahoe—with a deep-water pier, boat hoist, jet ski platform and two buoys. It’s the perfect launch for kayaking or paddle boarding adventures or swimming.

“We have so many stunning homes in Incline Village, but when I walked through the front door of this home for the first time and looked out at the lake from the deck, I could hardly catch my breath,” says listing agent Christine Perry of Christie’s International Real Estate Sereno. “It truly hit me that the decision to build on this spot was brilliant. It feels like you are walking into another world when you come through that door.”

In addition to the main great room, there’s an intimate family room with a magnificent stone fireplace and a spacious gym. The property also has ample security features throughout, like a wall around the perimeter that Wynn built after his daughter was abducted at gunpoint at her Las Vegas home in the 1990s.

Wynn purchased the land for $6.5 million in 1993 and sold the property in 1998 for $17 million, according to WSJ. The billionaire is no stranger to impressive real estate. Over the past few years, he’s been selling off some properties including his Beverly Hills estate and his Las Vegas home.

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