As his second Tahoe mansion nears completion, billionaire Oracle chief and profligate real estate spender Larry Ellison is finally ready to unload his original 2.62-acre compound in the area, having just listed it for a whopping $28.5M. The Journal reports that Ellison originally meant for the lakeside property, which includes a 9,242-square-foot main house he remodeled "from the studs up," to be his Tahoe pad, but when the opportunity to buy a bigger, better lot on the north side of the lake presented itself, he snatched up the land—spending a reported $29M in three separate purchases—and began building mansion No. 2. With that project wrapping up, another rich person can snap up the property he's cultivated since 2006.
The listed estate brags 230 feet of lake frontage with a private beach—because, apparently, owning an entire Hawaiian island or 10 separate mansions on Malibu's "Billionaires Beach" just isn't enough sometimes—two piers, a floating dock, and a 426-square-foot lakeside cabana. Besides the main house, the compound includes a 2,934-square-foot secondary abode and a 1,325-square-foot guesthouse. In all, that's 13 bedrooms, 13 bathrooms, and 14,192-square-feet of living space. And, of course, there's more to find inside, including a billiards room, dressing rooms, a screening room, a library, bathrooms outfitted in handcrafted Japanese soaking tubs, a sauna, and more. Do have a look, above.
· 1180 Highway 50 172 & 174 [Chase International via WSJ]
· Nevada Lakefront for $28.5M [Official Site]