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Lake Tahoe's 210-Acre 'Tranquility' Finally Sells For $48M

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More than three years after Tommy Hilfiger co-founder Joel Horowitz slung his Lake Tahoe manor on the market for a sanguine $100M, the fashion bigwig has finally found a buyer for the 210-acre Nevada property. While the place ended up selling for less than half his original ask—and indeed $27M less than the PriceChopped figure—the $48M end-deal remains one of the highest sums ever paid for a home in the Lake Tahoe area, according to the WSJ. So what's going for $50M these days? A 20,000-square-foot main house "with a staircase modeled on the Titanic's," a 19-seat movie theater, and a lounge "reminiscent of one in New York's St. Regis Hotel"—plus a stable, art studio, gym, conservatory (with a glass mosaic pool and retractable glass ceiling), boathouse, and private lake. Not too shabby.

· Tommy Hilfiger Co-Founder Sells at Lake Tahoe for $48 Million [WSJ]
· All Tranquility coverage [Curbed National]