The well known Zephyr Cove, NV estate, dubbed Tranquility, has dropped it’s asking price to $75 million from $100 million. This mean’s it’s no longer part of the $100+ million club which still includes Candy Spelling’s $150 million “The Manor”, Suzanne Saperstein’s $125 million “Fleur de Lys” and David Siegel’s $100 million “Versailles”.

FROM CURBED NATIONAL:

Tommy Hilfiger co-founder Joel Horowitz built his Tahoe retreat in 2000 and filled it with every delight known to mortals: two par-3 golf holes, a 3,200-bottle wine cellar, an art studio with ceramics kiln, an indoor swimming pool, a horse stable, a boathouse, a 16-car garage, and an NBA-regulation basketball court. Plus, there’s a staircase reclaimed from the Titanic, flooring reclaimed from a 17th-century French chateau, flooring reclaimed from the New York Public Library, and a bronze door once owned by newspaper titan William Randolph Hearst. Well, turns out all that reclaiming does not a property sell. Tranquility, as this funhouse is called, has been languishing on the market for a few years now—we thinketh perhaps the $100M price tag had a little something to do with its failure to sell. Today the Wall Street Journal reports that the massive 20,000-square-foot estate has been price-chopped to $75M. In a statement, listing agent Shari Chase called the shiny new price tag “an amazing value.”

CLICK HERE FOR THE LISTING

HOMES OF THE RICH POPULAR TOPICS
  • Daniel

    This place is *still* on the market? Just drop it to a realistic number ($40 million or so) and ditch the thing.




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  • Hugh

    I dont think anyone with that much wants to live there. FL, CA & NY only, and maybe CO.




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  • Charlie

    I know I shouldn’t covet my neighbour’s property, but I’m in love with this house.




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  • Venom

    This house has been for sale forever.
    I have DuPont Registry and Unique Homes magazines in boxes from ancient times ago and this house was for sale in them.

    There was another one in the area that was also listed by Shari Chase called Al Tarina that was built by one of the Khashoggis, the arms dealing family. That was a gorgeous house. I have no idea if it ever sold.




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  • NOVA Ben

    well…it’s a start. Clearly they’re not hurtin’ for money. Or rather they’re not hurtin’ enough to lower the price to a realistic level.




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  • Grrrowler

    It’s a very cool house, but it’s still at least $25 million overpriced. The NV side of the lake is much more coveted then the CA side, and there are only so many lake-front lots available, but obviously there’s a reason no one has snatched this place up. I can’t help but wonder what offers above $75 million were already turned down before now.




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  • Tay

    Hugh, this place is like 5 miles? from the CA line. 75 mill in Tahoe is crazy, even for waterfront. They should just add in a ski mountain for this price..lol




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