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Rustic Lakefront Living in Northern California for $29M

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Location: South Lake Tahoe, Calif.
Price: $29,000,000
The Skinny: Despite an address in the town of South Lake Tahoe, this 77-acre wooded property actually fronts on the much smaller Fallen Leaf Lake, a pristine glacial lake that lies a mile south of Lake Tahoe. Equipped only with a rustic cabin that dates to the 1920s, the property has been listed for a whopping $29M. Of course, one would expect that a buyer with eight-figure budget will build a monstrosity on the property—like the nearby Lake Tahoe estate that once wanted $100M—but the pristine land has been subdivided into three lots, meaning developers may take interest too. Those rich folks just looking for a little peace and quiet would also be satisfied with this lakeside retreat. According to the listing, the nearest neighbor is nearly a mile away.

· 1441 Fallen Leaf Rd [Zillow]
· "Tranquility" Estate Drops Price by a Quarter and Still Asks $75M [Curbed National]