The One-Time Steve Wynn Estate Sells for $31.1 Million by Sierra Sotheby's Inernational Realty – A Record for Incline Village
Posted by Brit Crezee — July 3, 2017
INCLINE VILLAGE, NV - The iconic Lake Tahoe waterfront formerly owned by casino mogul Steve Wynn sells for $31.1 million, a record reported sale for Incline Village, NV.
The 4.972-acre estate includes 210 feet of lake frontage and a private beach with a pier and boat hoist. The 12,661-square-foot main house has four bedrooms, a theater, a gym and a four-car garage. The guest house includes three bedrooms.
The buyers, Nora Betyousef Lacey and her husband Michael Lacey, were represented by Janet Pahl of Sierra Sotheby’s International Realty.
Long-time residents of Incline Village, the Laceys were attracted to the setting as well as their ties to the community. “It’s a beautiful lake and we have a great community here with a lot of philanthropists of the same mindset,” said Ms. Lacey.
Ms. Lacey said she plans to make only a few changes. “We want to keep the legacy of the Wynns,” said Ms. Lacey during an interview with Wall Street Journal writer Sarah Tilton. She dubs the property, which has been known as Old Forge, the Wynn estate. “I basically call these estates by the name of the person who created them,” said Ms. Lacey.
Sotheby’s International Realty represented the Laceys on their purchase of the approximately 30,000-square-foot Tudor-style Morgan estate in Los Altos Hills, CA and more recently on the sale of The Castle on the Lake in Incline Village, NV. Lake Tahoe, however, is the place they call home. “The Wynn estate is our permanent home and our main home and the Morgan estate is a beautiful place when we want to get away.”
The Laceys look forward to sharing the upcoming July 4th holiday with friends and family at their new home. “We couldn’t imagine a better place to watch the fireworks with our loved ones.”
For more information, visit www.sierrasothebysrealty.com, search @SierraSIR on Twitter, follow them on Facebook, or contact an office nearest you: Squaw Valley, 530-581-1800; Incline Village, 775-832-4900; Heavenly Village/Stateline, 530-541-4002; South Lake Tahoe, 530-494-7600; Tahoe Donner, 530-587-3505; Downtown Truckee, 530.587.3500; Tahoe City, 530.583.4004; Northstar Village, 530.587.3500.