Lake Tahoe ranch once listed for $188m now prepares separate $43m mansion sale
Shakespeare Ranch in Lake Tahoe is struggling to sell despite a high-profile history and a luxury market boom. The property, once listed for $188 million, is now attempting to sell a portion of the estate for $43 million.
Why it matters
The difficulty in selling this high-end property illustrates the complexities of the luxury real estate market, influenced by tax policies and limited supply.
Built around a historic barn dating back to 1873, Shakespeare Ranch is one of Lake Tahoe’s most unique waterfront estates. The ranch sits on 126 acres in Glenbrook, on the Nevada shore of Lake Tahoe. A private pier reaches 465 feet into a sheltered bay. Horses graze in corrals beside a meadow, and several lakefront homes look out over the water. Celebrities have visited the annual rodeo held there, and at least one president, former US President George H.W. Bush, reportedly flew in on a private jet to see it. He appreciated the historic barn.Despite everything the ranch has going for it, it has proved difficult to sell. The estate hit the market in October 2024 with an asking price of $188 million, according to a report by SFGATE.
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