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!
Spencer
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.
Sully
Yeah, I’ll wait til 2016 when she drops it another 25 mil. 🙂
Marrooned
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.
Carlo
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
Tim
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? 😉
Tim
OBTW,
The nasal, in-a-garbage-can audio on the website’s video did anything but make me feel tranquil….
Las Vegas Dog Training
How much for just the tool shed, out back?
billddrummer
How much for the pool? Can you subdivide it and just include the pool? Please?