Steve Wynn’s lavish Lake Tahoe estate, known as The Old Forge – Wynn Estate, has sold for a remarkable $62 million, setting a new record as the most expensive home ever sold in the Lake Tahoe region. This distinguished lakefront property, located in Incline Village, Nevada, offers unmatched privacy, stunning views, and luxurious amenities. It spans 5 acres of pristine land along 210 feet of privately owned sandy beach, complete with a deep-water pier, boat hoist, jet ski platform, and two buoys, making it a true waterfront sanctuary.
A Glimpse into The Wynn Estate
Built in 1994, this grand estate, preserved with Wynn’s original interiors, exudes timeless elegance. The 12,661-square-foot main residence boasts a grand primary suite along with three additional en-suite bedrooms, each offering sweeping, unobstructed views of Lake Tahoe. The gourmet kitchen, complete with high-end appliances, connects to a great room that flows out onto an expansive outdoor patio, ideal for entertaining. Other luxurious amenities include a media room, wine room, game room with a partial kitchen, and a separate office.
Additionally, the estate includes a 1,536-square-foot guest quarters featuring three bedrooms and bathrooms. Guests can enjoy the same luxurious surroundings and beautiful lake views, making it perfect for hosting family and friends.
An Iconic Lake Tahoe Property
Wynn’s estate, often referred to as The Old Forge, has a storied history and is revered as one of the few remaining estates of its kind in Lake Tahoe. Known for its blend of privacy and prestige, the property stands out with its gated entrance and sprawling grounds that offer a sense of seclusion while still being located in the desirable Incline Village neighborhood.
With 210 feet of private beach and stunning views, the estate provides access to Lake Tahoe’s natural beauty while maintaining exclusivity. The combination of a deep-water pier and beach access is a rare feature that sets this property apart from others in the region.
The Sale and Its Market Impact
The estate was initially listed for $68.9 million, but after a 10% price reduction, it was sold for $62 million on October 10, 2024. This sale represents a significant appreciation in value, as the property was previously sold for $31.1 million in 2017. The sale of The Old Forge marks an extraordinary moment in Lake Tahoe’s luxury real estate market, reflecting both the rarity of such properties and the increasing demand for high-end lakefront estates.
Wynn, the famed casino mogul behind the Wynn Resorts, spared no expense in designing this magnificent home, which has since become a hallmark of luxury in Lake Tahoe. The estate’s sale is a testament to the enduring allure of Lake Tahoe as one of the premier destinations for ultra-wealthy buyers seeking unparalleled natural beauty, privacy, and opulence.
A Legacy of Luxury
Steve Wynn, the visionary casino mogul behind iconic resorts such as The Mirage, Bellagio, and Wynn Las Vegas, has long been associated with opulence and luxury. Known for his ability to craft immersive luxury experiences, Wynn’s influence extends far beyond the casino world. His foray into real estate reflects his impeccable taste and penchant for grandeur, as seen in the design of The Old Forge – Wynn Estate.
Wynn’s contributions to the hospitality industry helped redefine the Las Vegas skyline, and his attention to detail and high standards are mirrored in this Lake Tahoe estate. From the exquisite interiors to the sweeping views and waterfront access, this property represents the epitome of luxury living—qualities that Wynn has consistently championed throughout his illustrious career. The sale of this estate further cements his lasting legacy in both the luxury real estate and hospitality sectors.