Villa Harrah, the previous lakefront mansion owned by William F. Harrah, whose namesake on line casino firm stays probably the most recognizable manufacturers within the US gaming business, is again available on the market. Properly, form of.
William F. Harrah’s former Lake Tahoe retreat is again available on the market. However the $19.5 million itemizing worth is just for a 50% stake within the mansion that hosted such legends as Frank Sinatra, Judy Garland, and Sammy Davis Jr. (Picture: Compass Actual Property)
Inbuilt 1963 overlooking Lake Tahoe, Nv., Harrah’s former wilderness retreat is at 1028 Skyland Drive in Zephyr Cove. The compound sits on simply 0.6 acres, however has greater than 18,500 sq. ft of inside residing house. It options eight bedrooms, 10 full baths, and 4 half baths. The property additionally has a one-bedroom, one-bathroom residing house for a caretaker.
The Harrah dwelling was a preferred hangout for Rat Pack members again of their day, with icons reminiscent of Frank Sinatra and Sammy Davis Jr., in addition to numerous different A-list celebrities like Judy Garland and Steve Martin as visitors of the property.
The Lake Tahoe mansion was listed in June 2019 for $25.5 million. The itemizing was eliminated amid the pandemic, however has since returned to the market.
Twin Possession
Final week, Compass Actual Property introduced Villa Harrah’s return to the actual property market. However in contrast to the 2019 itemizing, the home is now in search of a purchaser for a 50% stake within the compound.
Compass actual property brokers David Bellings and Jamison Blair say the present house owners not too long ago accomplished a property renovation, and at the moment are in search of a co-owner to separate time with on the Lake Tahoe home.
Provided that, statistically, second-home house owners solely use their luxurious houses 30% or much less through the yr, that is really a uncommon alternative to personal a shocking turnkey dwelling for half the associated fee,” Bellings informed Mansion World, a luxurious actual property media outlet.
Whereas the inside has been up to date, the house’s not-so-secret tunnel that results in a non-public seashore and had beforehand been used to usher out and in A-listers with out discover stays intact. So do the floor-to-ceiling home windows that present panoramic lake and mountain views.
The house options resort-style facilities, reminiscent of a spa with a steam room, sauna, Himalayan salt cave, and a hair and nail salon. There’s additionally a movie show, moist bar, quite a few terraces, and a lakeside pool.
“Villa Harrah was not too long ago reimagined, redesigned, and transformed all through, and though utterly modernized, nonetheless whispers of a time-passed with some unique options,” added Bellings and Blair.
Two Seasons
Lake Tahoe has two busy seasons, with the excessive seasons sometimes being summer time from June to August and winter from December to March.
With hotter climate comes beachcombers. In July and August, Tahoe’s shores are lined with outsized umbrellas and sun-drenched children. There’s a small break in vacationer exercise through the fall, however because the temperatures decline, guests re-emerge with skis in hand, able to sort out the powder,” US Information & World Report summarized in its 2023 Journey Information.
Lake Tahoe air vacationers sometimes use Reno/Tahoe Worldwide Airport, which is about 50 miles northeast of Zephyr Cove.
