Tahoe’s Largest Lakefront Estate Returns to Market

Lakefront Estate at 550 Sierra Sunset

Lakefront Equestrian Estate Offers Hollywood History, Prime Location, Private Pier, Sandy Beach and More for $47 Million

Boasting one of the highest price tags ever seen among residential real estate listings in Lake Tahoe, the waterfront Sierra Sunset estate on the east shore returns to market for $46,995,000. Adjacent is a rarely available equestrian parcel, available for $6,995,000. Both are offered exclusively by Sierra Sotheby’s International Realty.

Both parcels spent a short time under contract with an undisclosed, high-profile buyer before becoming available once again, just in time for Tahoe’s exquisite summer.

Nestled in the Tahoe National Forest amidst 24 acres of alpine meadows and streams is the 16,700-square-foot main residence. The property regularly served as the backdrop for the popular NBC series Bonanza, the television network’s longest running western show, filmed along the Tahoe shores from 1959–1973.

A private pier and buoy extends from an exquisite 378-foot expanse of coveted sandy beach, something scarcely found in lakefront properties on the market. Meticulously constructed in 2004, this eight-bedroom residence features stunning lake and mountain views from almost every area, nine fireplaces, oversized mahogany doors and finishes, in-floor hydronic heat under stone and hardwood floors.

“Properties of this caliber in Lake Tahoe are extremely rare,” Sierra Sotheby’s International Realty Agent Lexi Cerretti says. “In this market, finding a recent construction of this scale with unobstructed access to the water, a private pier, vast sandy beach and the level of detail put into this property, combined with wide open meadows for equestrian use, is akin to striking gold in the nearby Sierra Nevada Mountains.”

Perched on Zephyr Cove’s Marla Bay, the home’s exterior is embraced by 400 tons of Montana stone, reflecting the rustic splendor of its surroundings. A plethora of amenities  were included in this thoughtfully designed property, including two living rooms, a home theatre, grand game room with full bar, gourmet eat-in kitchen, formal dining room, wine room with seating for tastings, two offices, home gym with full bath and sauna, craft room, two laundry rooms and a master suite on the main level. On the second story, each bedroom features an en suite bath and fireplace, with many touting terraces for gazing at the magnificent vistas. A two-bedroom guest house with full kitchen, living area and full four-car garage is also adjacent to the main house.

A separate listing, the nearby equestrian parcel includes a 15-stall stable, wash rack, grooming area and living space on nearly seven acres. A caretaker home plus outbuildings for storage and equipment neighbor the stables, while connecting paddocks open to the main parcel’s open meadowland. Water rights for irrigation are included.

Owners George and Clare Schmitt are avid thoroughbred breeders who have raised award-winning horses on the property, including California and Kentucky Derby qualifiers.

“Whether buyers share the current owner’s passion for raising horses or not, the ranch setting exudes alpine charm and is reminiscent of the property’s Hollywood history,” says Cerretti. “New owners may find other uses for the facilities or have a vision for expansion of the main property.”

This inimitable listing is private and in close proximity to globally renowned skiing, year-round outdoor recreation, dining and entertainment. Its Nevada location lets owners revel in all four seasons annually—sometimes in the same day—while also providing tax advantages. South Lake Tahoe and Minden Airports are easily accessed by private jet and near the property.

For more information or to schedule a tour, contact Sierra Sotheby’s International Realty at 775.832.4900 or click here.