South Lake Tahoe Julia Morgan-designed estate sells for $8.5 million
South Lake Tahoe recently saw its largest residential real estate sale in nearly a decade when the Julia Morgan-designed lakefront estate closed for $8.5 million. Both the buyer and seller were represented by Chase International agents.
The home was built in 1928 and includes a 2,750-square-foot main house with an 864-square-foot guesthouse. Morgan, a renowned and prolific architect, is best known for her work on Hearst Castle in San Simeon, California. The property near the state line, coined Twin Pines, is one of only two Morgan designs in the Tahoe area. The home sits on 1.65 acres with more than 180 feet of sandy beach, a pier and buoy.
Susan Lowe, senior vice president of Chase, represented the seller in the sale.
“It’s a one-of-a-kind property,” Lowe said, emphasizing the significance of Morgan’s work. “The new owners are intent to preserve this historic estate.”
The property is located on the California side of Stateline Avenue and is within walking distance of the Heavenly Mountain gondola and extensive South Shore amenities and activities.
“South Lake Tahoe is booming right now,” said Mike Dunn, who represented the buyer. “This is an exquisite home that is also one of the notable, historic residences at Lake Tahoe. With such limited lakefront inventory on the market right now, it’s an incredible find.”
Chase International is a longtime leader in luxury real estate. Dunn is also the sales manager of South Lake Tahoe’s Zalanta, the area’s latest luxury condominium development to break ground in Lake Tahoe in 30 years.
Lowe notes that the redevelopment and revitalization is creating a new energy and attracting new buyers.
“South Lake Tahoe is evolving. It’s become its own village destination with everything just steps away from your front door,” she said. “That’s what today’s discerning buyers and travelers are looking for.”
For more information about Chase International, visit http://www.chaseinternational.com.