HOUSE OF THE DAY: Tommy Hilfiger Co-Founder Will Personally Finance The Buyer Of His $75 Million Lake Tahoe Estate
Former Tommy Hilfiger CEO and co-founder Joel Horowitz has a new plan to sell his gargantuan Lake Tahoe estate, which has been on and off the market for the past six years: He will personally finance the purchase for a qualified buyer.
The financing deals would be worked out once a qualified buyer is found, but it’s a rare offer from a seller, a representative for the realtor said.
The home was initially listed for $100 million; it was relisted with Sierra Sotheby’s International Realty in January with an asking price of $75 million.
The 210-acre estate, called Tranquility, is the largest on the Nevada side of Lake Tahoe. In addition to a 27,000-square-foot mansion, it has an indoor glass mosaic pool, private lake, two par-3 golf holes and an indoor golf simulator, horse stables, a wine cellar, a cinema, and separate guest and staff residences.
The decor is also impressive, from a replica of the staircase on the Titanic to four Rembrandt paintings. Nearly all of the furnishings are included in the sale price.
As 210 acres, Tranquility is the largest private estate on the Nevada side of Lake Tahoe.
It’s incredibly private — the perfect getaway for a billionaire.
In addition to a 27,000-square-foot main home, there are guest and staff quarters and a 16-car garage.
The home comes with its own private lake, called Tranquility, as well as a boat house.
Courtesy of Sotheby’s International Realty