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8 beds. 10 baths. Lake vu. $75 million.

That's the shorthand for Crystal Pointe, a Crystal Bay estate that's currently the most expensive lakefront residential property ever offered for sale at Lake Tahoe. Chase International Real Estate has the listing.

Stuart Yount, CEO of Fortifiber, a manufacturer of building products, and his wife Geri own the estate and built it over about 20 years, said Kerry Donovan, one of the Chase listing agents.

"This property is magnificent. It's iconic," Donovan added. "To build at this caliber, to invest this time, is very rare."

Why are the Younts selling? They're downsizing.

And what a spread they're downsizing from. The estate encompasses more than 5 acres, with 525 feet fronting the lake. There's a main residence mantling the landscape, a guesthouse, caretaker's digs, and a beach house set just above a bouldered stretch of shore.

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Another high-end spread: 

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There are eight bedrooms, 10 full bathrooms, a 10-seat theater, 13 fireplaces and a nearly 1,700-bottle wine cellar for cradling all that Bordeaux. In total, Crystal Pointe features 16,200 square feet of living space,

Outside, there are lawns, ponds, waterfalls, gardens. And just because: Crystal Pointe includes two glass funiculars connecting the levels of the estate.

$100 million and more

In 2006, Chase International also listed Tranquility, a 210-acre estate in Zephyr Cove built by the co-founder of the Tommy Hilfiger clothing company. The estate, which is not on Lake Tahoe, initially asked $100 million; it sold for $48 million in 2013, according to the Wall Street Journal.

In recent years, real estate at the upper-uber-ultra end also has been flourishing in the U.S. beyond Tahoe.

In 2014, Copper Beech Farm, a 50-acre oceanfront Gilded Age estate in Waspy Greenwich, Conn., sold for $120 million after initially being listed for $190 million.

In 2016, Susan Gutfreund, widow of financier John Gutfreund, listed her 20-room co-op at lordly 834 Fifth Ave. in Manhattan. Asking price: $120 million (cut a few months later to $96 million).

Earlier this year, a $250 million spec home (yes, spec home) entered the market in Bel Air, part of L.A.'s Golden Triangle. It comes complete with an art collection, $30 million in exotic cars and a giant candy wall.

Because God forbid you should have to go out for gummies.

Johnathan L. Wright is the food and drink editor of RGJ Media. Join @RGJTaste on TwitterFacebook and Instagram. You also can subscribe here to The Reno Taste free newsletter.

 

 

 

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