Tranquility reduced by $25 million

The list price on Tommy Hilfiger co-founder Joel Horowitz’s Tranquility estate has just been reduced $25 million.  For those not familiar with this one-of-a-kind Lake Tahoe estate, check out the property’s website here.

The property has been listed for a cool $100 million by my brokerage’s CEO, Shari Chase.  However, due to the real estate market conditions the owner has decided to slash the asking price by 25 percent.  The new list price is $75 million.  See the Forbes story here: Hilfiger Co-Founder’s Home Gets A $25 Million Price Cut

And give me a call if you’re interested.

Have a great Memorial Day weekend!

 

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About Guy Johnson

I am a licensed Nevada REALTOR® living and working in Reno, Nevada. Give me a call at 775-722-4011. My team and I will be happy to assist you with your real estate needs.
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8 Responses to Tranquility reduced by $25 million

  1. Avatar Spencer says:

    Besides inflating Shari’s ego, what’s the point?
    This house was the second most expensive house for sale in the United States at $100 million. Now at $75 million it will fall into a tie for the third most expensive.
    Compared to the other properties on the most expensive list, this house is absurdly overpriced, even at $75 million.
    Shari can keep it listed at $75 million for 5 more years, then drop the price by another $25 million in 2016.

  2. Avatar Sully says:

    Yeah, I’ll wait til 2016 when she drops it another 25 mil. 🙂

  3. Avatar Marrooned says:

    What would the real property taxes be? About $65,000 a month?
    The citizens of Washoe County could really benefit if somebody buys this place. Help with the budget problem.

  4. Avatar Carlo says:

    There’s never been a better time to buy.
    You will never again see prices this low.

    Your freinds at Chase International,
    Shari Chase
    Sue Lowe

  5. Avatar Tim says:

    Marooned,
    I hope Horowitz is current with his prop taxes, so it’s a wash for Washoe County.

    OTOH, the place could be a REAL bargain as a REO. Maybe even sub $50M? 😉

  6. Avatar Tim says:

    OBTW,
    The nasal, in-a-garbage-can audio on the website’s video did anything but make me feel tranquil….

  7. How much for just the tool shed, out back?

  8. Avatar billddrummer says:

    How much for the pool? Can you subdivide it and just include the pool? Please?

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