Lake Tahoe’s ‘Tranquility’ Found New Owner For $48 Million

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One of the Lake Tahoe’s finest estate, also known as Tranquility which was built for Joel Horowitz, former CEO and co-founder of Tommy Hilfiger finally found its new owner who was willing to pay $48 million for it. May sound expensive, but it’s actually very convenient considering that this estate was initially listed at $100 million but with no buyers it was later reduced to $75 million. It took over six years and a significant price adjustment to find a buyer for this magnificent property in Zephyr Cove, Nevada. However, the 210-acre property includes a 20,000-square-foot main house with a staircase modeled on the Titanic’s, a 19-seat movie theater and 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 retractable glass ceillings. A boat house sits on the private lake (the property sits on the Lake Tahoe). Other features include outstanding woodwork throughout, a grand living room, formal dining room, opulent master suite, two-storey library & billiards room, indoor basketball court, and two over-the-water par 3 golf holes. The tolal living space is approximately 38,000 square feet. The mansion was also featured on HGTV’s Million Dollar Rooms.