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Steve Wynn Built Lake Tahoe Mansion On Sale For $76 Million

Beach-Front Property Features 12,700 Sq. Ft. Of Space


Got an extra $76 million lying around? If so, the Lake Tahoe home built by casino impresario Steve Wynn has gone up for sale and offers plenty of luxurious lakeside living.

The Wall Street Journal featured the home over the weekend, which could set a record for the Tahoe area if it pulls in that asking price.

Wynn purchased the land for the home, known as Old Forge, for $6.5 million in 1993 before building the house on the five-acre property. The casino exec was known for a taste for luxury in designing casinos like The Golden Nugget, The Mirage, Treasure Island, Bellagio, and of course, The Wynn, and that carried over to the Tahoe home as well.

The property is located on Lakeshore Boulevard, the area’s version of Billionaires’ Row, Christine Perry of Christie’s International Real Estate Sereno told the newspaper.

“Homeowners along the lakefront strip include former junk-bond king Michael Milken and tech billionaire Larry Ellison,” the Journal notes. “The super wealthy have torn down many of the older homes there and replaced them with larger, more modern residences.”

Details On Wynn Manor

Looking to call the bank and line up a mortgage for buying the home? Old Forge features 12,700 square feet of space with four bedrooms, fitness room, massage room, game room, and a wine room.

Need some space for friends and family? There is also a 1,500-square-foot, three-bedroom guesthouse. The property includes 210 feet of private sandy beach with picturesque views of the lake complete with deep-water pier, boat hoist, a jet ski platform, and two buoys.

The current owners are Michael and Nora Lacey, who purchased Old Forge in 2017 for $31 million. She is the founder of the biotech company Cell Marque and he works as a pathologist.

“Michael Lacey said he and his wife split their time between California and Lake Tahoe, where they have had a home since 2013,” the Journal reported. “They were drawn to this estate six years ago because of its ample acreage and privacy.”

While Wynn owned the property, he built a wall around the perimeter to keep the location more secure. The abduction of his daughter at gunpoint in 1993 at her Las Vegas home apparently inspired that feature. She was eventually returned unharmed, and two men were convicted on federal charges of kidnapping, extortion, and money laundering by a federal jury.

Wynn, 81, is retired now and lives in Florida. In August, he reached an agreement with the Nevada Gaming Commission after sexual misconduct allegations surfaced in 2018. The deal allowed Wynn to pay a $10 million fine and banned him from running casinos in the state. The agreement also means there will be no further investigation by the commission.

*Photos by Scott Chandler Productions