Known as “Tranquility,” the 210-acre property in Zephyr Cove, Nevada was first listed in 2006 with an asking price of $100 million. The asking price was lowered to $75 million in 2011. Mr. Horowitz, who now serves as co-chairman of the board of Diane Von Furstenberg, built the estate in 2000. The property includes a 20,000-square-foot main house with a staircase modeled on the Titanic’s, a 19-seat movie theater and a lounge reminiscent of one in New York’s St. Regis Hotel. There is also a stable, art studio and gym. The conservatory has a glass mosaic pool and spa as well as a retractable glass ceiling. A boathouse sits on the private lake (the property is not on Lake Tahoe). The total living space is approximately 38,000 square feet.
The price is among the highest ever paid for a home in the Lake Tahoe area.
The buyer is Tranquil Investments LLC. Jean Merkelbach of Sierra Sotheby’s International Realty had the listing. Neither Mr. Horowitz, Ms. Merkelbach nor the the manager of Tranquil Investments returned calls seeking comment.
Wall Street Journal Blog Dec 11, 2013 By Sarah Tilton
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