Lake Tahoe, Nev. (June 1, 2011) – Acknowledging the changing real estate market, Chase International recently announced the Tranquility Lake Tahoe estate owner has re-priced the property from $100 million to $75 million.
“This incredible estate was a great value at $100 million – it is an amazing value at $75 million,” says Chase International president and CEO Shari Chase. “This is the kind of ultra-luxury estate that comes along only once in a generation.”
Overlooking Lake Tahoe with a staircase modeled after the one aboard the Titanic, Tranquility is owned by Joel Horowitz, co-founder of Tommy Hilfiger Corp., and is located at beautiful Zephyr Cove in the tax favorable state of Nevada. This estate is a 38,000 square-foot, eight building compound on an unheard of 210-acre parcel with its own private lake.
“Lake Tahoe is a stunning and desirable location, so while prices might have softened, the inherent value will continue into perpetuity,” Chase points out.
Completed in 2000, the estate has a private lake, great hall with 30-foot-tall windows and dining room with 300-year-old French plank flooring. There’s a cigar lounge modeled after the one in New York’s St. Regis Hotel and sky-lit entryway with marble floors patterned after those in the New York Public Library. The home is sold furnished including an impressive collection of antiquities and art.
About Chase International
Headquartered in Lake Tahoe, Nevada since 1986, with eight offices in the region (Zephyr Cove, Glenbrook, Incline Village, Tahoe City, Squaw Valley, Truckee, South Lake Tahoe and Reno) and one in London, England, Chase International and its exclusive affiliations handles a large share of the country’s property. A recognized leader in the world of real estate, Chase International continues to grow having added 65 Realtors® to their ranks in the past twelve months.
With 240 professional Realtors® boasting an array of industry certifications and the highest volume per sales agent in the area, Chase International successfully represents homes at all price levels. For more information about Chase International visit www.chaseinternational.com.