Lake Tahoe Mansion Reduces Listing Price

Tranquility is on sale. That is the name of a nine-bedroom, 38,000-square-foot estate in Lake Tahoe, Nevada. Situated on its own private lake overlooking one of the most desirable lakes in the U.S., this coveted mansion offers unparallel sophistication. And now it offers unparalleled value.

Built by Tommy Hilfiger Corp. co-founder Joel Horowitz and his wife Ann, this eight-building compound has been on the market since 2006. But buyers will be tempted to take another look at this extravagant mansion because the owners have reduced the listing price of $100 million a whopping 25 percent.

Tranquility is one of a kind. The main residence features a grand hall with tall windows, a sky-lit entryway with marble floors, a spacious dining room with antique French plank flooring, and a sophisticated cigar lounge designed after the one in St. Regis Hotel in New York.

Along with the main residence, the property includes a conservatory, guest residence, an art studio, a boat house pavilion, a gym and housing for guest and staff. But that’s not all. At $75 million, the new owners will receive the entire 210-acre property as well as fine materials, artifacts, furniture and art from around the world.

Why the extremely low asking price? The couple wants to sell the home in a hurry and move closer to their children and grandchildren.

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