A once-in-a-generation Tahoe estate goes on the market for $47.5M

May 8-A once-in-a-generation Tahoe estate with a private beach in Incline Village, the billionaire enclave on the Nevada side of the lake, is for sale for $47.5 million.

The 4,530-square-foot lakefront property, called Sandy Shores, has six bedrooms and 5.5 bathrooms with a family room, living room, formal dining room, breakfast nook, hot tub, sauna and two-car garage. Situated on a 1.85-acre parcel, the property is guarded by a wrought-iron gate and a long, winding driveway through pines and grass leading up to the house. Inside, ample sunlight streams in through the south-facing windows that overlook the lake.

But the true star of the estate is the beach: a 106-foot stretch of sand with unfiltered south-facing views down the middle of Lake Tahoe, with nothing stopping you from diving into the water.

Properties like Sandy Shores don't come up for sale often. It's one of just seven properties that lie east of the Hyatt Regency Lake Tahoe and hold a unique set of qualities that are hard to find in Tahoe, said Bill Dietz, principal broker at Tahoe Luxury Properties, in a phone interview with SFGATE.

"It has a rare combination of acreage, relatively level topography and pure sand beach," Dietz said. "That trifecta is difficult to duplicate, particularly in Incline Village."

Estates like Sandy Shores tend to stay in families for generations, Dietz added.

Sandy Shores was the longtime residence of Sam Jaksick Jr., a real estate developer and cattle rancher who apparently purchased the property for less than a million dollars in the 1970s, his son, Todd Jaksick, told the Wall Street Journal.

Sam would go on to own several properties in Lake Tahoe, but his favorite was Sandy Shores. It was his primary residence when he worked in Reno, making the daily commute up and over Mt. Rose Highway.

"This was his happy place," Dietz said of Sam's affection for Sandy Shores.

Sam died in 2013, but his family held on to the property and visited occasionally. Todd told the Wall Street Journal the decision to sell was "difficult, emotional," but that it's "in the best interest of the family."

The family's decision to sell aligns with a surge of interest in Nevada real estate among high-net-worth individuals, Dietz said. As Californians prepare to vote on a wealth tax this fall, wealthy individuals - especially from the Bay Area - are looking to buy homes and take advantage of Nevada's tax haven.

"That desirability of these properties has grown as the threats of a wealth tax are spinning around through California," Dietz said. "That's been, I think, a source of some renewed vigor in the Nevada market."

Last December, Google co-founder Sergey Brin reportedly bought a home in Tahoe's Crystal Bay, on the Nevada side of the state line, for $42 million.

Then, in March, Silicon Valley investor Steve Jurvetson bought a lakefront property in Incline Village for $125 million, setting a new record for the most expensive home purchased in Lake Tahoe.

For wealthy Californians, the tax savings that come with a move to Nevada are considerable. "It's not a rounding error," Dietz said, noting that in some cases, the savings alone covers the cost of the lakefront. "It's mind-boggling that way."

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This story was originally published May 8, 2026 at 11:22 AM.