A waterfront estate at Zephyr Cove, one of highest-priced residential properties in Lake Tahoe, is back on the market, according to Sierra Sotheby’s International Realty.
The property at 550 Sierra Sunset Lane on the lake’s east shore is listed at $46.995 million. An adjacent equestrian parcel is available for $6.995 million.
For a short time, both parcels were under contract with “an undisclosed, high-profile buyer” before becoming available once again, according to Sierra Sotheby’s International Realty, which is handling the exclusive listing.
The Nevada property not only offers a 16,700-square-foot main house on 24 wooded acres in the Tahoe National Forest, but it comes with a slice of Hollywood history, too. The property regularly served as the backdrop for the longest-running NBC Western television series, “Bonanza,” filmed in part along the Tahoe shores from 1959–1973.
Built in 2004, the eight-bedroom mansion features stunning lake and mountain views from nearly every room, nine fireplaces, oversized mahogany doors and in-floor hydronic heat under stone and hardwood floors.
The home’s 378-foot sandy beach, with a private pier and buoy, is a rare find in lakefront property, according to the listing.
“Properties of this caliber in Lake Tahoe are extremely rare,” Sierra Sotheby’s International Realty Agent Lexi Cerretti said in a news release. “In this market, finding a recent construction of this scale with unobstructed access to the water, a private pier, vast sandy beach and the level of detail put into this property, combined with wide open meadows for equestrian use, is akin to striking gold in the nearby Sierra Nevada.”
Settled on Marla Bay, the home’s exterior contains 400 tons of Montana stone. Inside, the amenities include two living rooms, a home theatre, game room with full bar, gourmet eat-in kitchen, formal dining room, wine room with seating for tastings, two offices, a home gym with full bath and sauna, crafts room, two laundry rooms and a master suite on the main level.
On the second story, each bedroom features an en suite bath and fireplace. There’s a two-bedroom guest house with full kitchen next to the main house.
“Owners George and Clare Schmitt are avid thoroughbred breeders who have raised award-winning horses on the property, including California and Kentucky Derby qualifiers,” according to the news release.
The Schmitts built the estate as a family home, according to Cerretti, but are now looking to spend more time away as their children have all grown up and are busy with kids of their own.
The separate listing features an equestrian parcel with a 15-stall stable, grooming area and living space on about seven acres.