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Lake Tahoe waterfront home with heated driveway sells for $47.5M, hitting 2021 record

·2 min read

A fully furnished Incline Village mansion with 150-feet of water frontage sold in just over 30 days for $47.5 million, making it the highest property sale in Lake Tahoe in 2021, according to the Corcoran Global Living real estate firm.

The buyers even got a 28-foot Cobalt speed boat and Yamaha grand piano in the deal.

The four-bedroom, six-bath luxurious estate spans nearly 12,000-square-feet with lake views from nearly every room. The home sits on a 1.2-acre lot at 859 Lakeshore Boulevard in Incline Village, Nevada.

“When I met the buyers and saw their reaction to this extraordinary home, I knew they had found the perfect fit,” said Tracey Allyn Cutler, listing agent for the property.

Clif Chase of Chase International represented the buyer. He could not be immediately reached for comment.

The transaction took just a little over a month to close, Cutler said.

“I was not surprised to see this house sell so quickly,” she told The Bee. “It represented a very rare opportunity to own a pristine home with 150 feet of lake frontage. There are a limited number of lakefront homes available, and often they are tear downs. “

Despite a lofty listing price of a $49 million, potential buyers stepped up.

“I did receive a lot of inquiries from interested buyers, and showed the home to multiple qualified families,” Cutler said. “I actually began accepting backup offers, though the need never arose since this deal closed smoothly.”

Dubbed “Spirit of the Lake,” the stately home “is a turnkey masterpiece of modern elegance,” she said.

There’s a private, heated driveway lined with mature pine trees. The grand entry hall flows into a great room with a 35-foot beamed ceiling and floor-to-ceiling windows.

The amenities keep going: A gourmet kitchen with an outdoor dining patio, a home theater with a full wall-sized screen and eight reclining leather seats, a fully-equipped exercise room, a library with a rolling ladder, a 1,200-bottle custom wine cellar, a full bar, elevator and an eight-car garage.

The primary suite is cozy with fireplace, steam shower, lake-view seating area and large walk-in closet.

Outside, there are perennial gardens, a shared pier with boat lift and catwalk, and a year-round stream that crosses the property.

The sellers were Dean Meiling, a retired managing director at PIMCO, and Madylon Meiling, founder for Classical Tahoe. Both have been active in the community. Madylon Meiling founded Classical Tahoe over 10 years ago as “a world-class celebration of arts.”

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