Lake Tahoe Home Sets Trend on NBC Today Show and MSNBC.com for Breaking the Nine-Figure Mark

Posted by Nicole Shearer — December 18, 2007

LAKE TAHOE, Nev. – (Dec. 19, 2007) – "Tranquility," a Chase International listing in Lake Tahoe, Nev., is one of a handful of homes showcased on a recent airing of NBC’s Today Show listed at or above the $100 million mark. According to the Today Show segment, more and more homes are coming on the market at these prices, representing the gold standard in real estate.Shari Chase, owner of Chase International, says there is a shock value to these recent prices. "This is stratospheric ultra-luxury real estate," Chase said. "Even though the market is small, these properties can demand almost any price and will continue to sustain themselves. For less than the price of some of the most expensive paintings ever sold, including Jackson Pollock’s No. 5 for $140 million and Willem de Koonig’s Woman III for $137.5 million, people can purchase a home like Tranquility where they can bask in each and every detail."Overlooking Lake Tahoe with a staircase modeled after the one aboard the Titanic, "Tranquility" is currently owned by Joel Horowitz, co-founder of Tommy Hilfiger Corporation, and is located at the beautiful Zephyr Cove on the east end of South Lake Tahoe. This estate is a 38,000 square-foot, nine- bedroom compound on 210 acres overlooking Lake Tahoe. Completed in 2000, it 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 a sky lit entryway with marble floors patterned after those in the New York Public Library. The home is being sold furnished including an impressive collection of antiques and art.Interested buyers can tour the home by appointment only. In addition to the Today Show, "Tranquility" has been featured in the Wall Street Journal and MSNBC.com.When asked about the value of homes like "Tranquility" on the Today Show segment, Barbara Corcoran, celebrated author and real estate expert, replied that the people who can afford homes such as this one have more than enough money to spend and they don’t feel the fluctuations of the economy. Corcoran states that homes like these don’t lose their value."These are trophy properties," said Corcoran. "They are one property that someone owns and they typically own three or four and only spend three to four months a year in them."To view the complete Today Show story, visit http://video.msn.com/?mkt=en-US&brand=msnbc&vid=a38fc15e-0495-4ea5-8b5f-257d6f64b1cb.About Chase InternationalHeadquartered in Lake Tahoe, Nevada since 1986, with seven offices in the region (Zephyr Cove, Glenbrook, Incline Village, Tahoe City, 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.Currently Chase International has one of the top five most expensive properties ever listed in the nation – Tranquility located at Lake Tahoe, for $100 million.With more than 140 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.

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