Lakeshore Realty Lists "Tahoe Treasure" for Sale at $47 Million : Three-Home Private Estate Sits on 578 Feet of Pristine Lake Tahoe Shoreline

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Lakeshore Realty, an independently owned real estate office in Incline Village, Nev., announced today it is overseeing the sale of a $47 million gated estate along the north shore of Lake Tahoe.

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With only 72 miles of shoreline on Lake Tahoe and an estimated one-third unbuildable land, lake frontage is a valued commodity

Currently the 23rd most expensive residential property for sale in the United States, according to Unique Homes magazine, the "Tahoe Treasure" has three homes, a buildable lakefront lot and a 173-foot pier extending from the estate's 578 feet of shoreline.

"With only 72 miles of shoreline on Lake Tahoe and an estimated one-third unbuildable land, lake frontage is a valued commodity," said Patti Plastiras, who along with her husband, Chris, are the listing agents for the Tahoe Treasure.

The landscaped grounds on the 8.75-acre property range from manicured lawns and seasonal gardens to forested terrain with walking paths and natural streams. The estate is in Incline Village, a small year-round resort community about 45 minutes from Reno-Tahoe International Airport.

The Tahoe Treasure's parcels include:

Built in 1992 on 2.22 acres, the 6,626-square-foot main house was designed to capture lake views from every room. It has five bedrooms (all suites), five bathrooms, five fireplaces, a library, a game room, a gourmet kitchen, an attached two-car garage, and an outdoor dining area next to the swimming pool and spa. Picture windows extended across the living room showcase the outside environment. Built in 1994 on 1.84 acres, the 5,955-square-foot guest house has private access and features cascading water from a stone fountain. It has four bedrooms, five bathrooms, five fireplaces and an attached two-car garage. Private suite with separate entrance can be guest quarters or game room. Built in 1996 on .87 acre, the 3,560-square-foot caretaker's house has two stories with two separate living quarters. It has two bedroom suites, four bathrooms and a pathway to the pier. Each level has a great room with a fireplace and windows overlooking the grounds. In addition to the three parcels with houses, a 3.82-acre buildable lot with lake frontage and pier access is positioned in the middle of the estate. More information about the Tahoe Treasure is available at http://www.tahoetreasure.com.

About Lakeshore Realty

Opened in 1994, Lakeshore Realty is a proven leader when it comes to helping people buy and sell property in Incline Village/Crystal Bay, Lake Tahoe. As longtime residents of North Lake Tahoe, Incline Village and Northern Nevada, Lakeshore Realty's agents have extensive knowledge of the area's unique market. More information is available at http://www.lakeshorerealty.com.

MULTIMEDIA GALLERY http://www.businesswire.com/cgi-bin/mmg.cgi?eid=5697170

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