Legendary Lakefront Estate Offers Exciting Redevelopment Potential
MLS ID: 943240 / 26 Cala Neva Drive, Crystal Bay, NV, 89402 / Offered for $17,500,000
5.5 acres / Main home + guesthouse: Approx. 3,800 square feet, 7 bedrooms and 6.5 baths
NV DRE BS0143070 / CA BRE 01068425
Summertide is not just a gorgeous acreage lakefront estate that includes a grand, historic log home, it also offers immense possibilities. Because the property can be redeveloped into various lakefront and lake view home site parcels, this magnificent estate has the potential to be dramatically transformed into a grand lakefront residential compound or into segregated lakefront and lake view home sites.
Located on a highly coveted, wind-sheltered cove on Lake Tahoe’s North Shore in Crystal Bay, Nevada, Summertide offers an exceptional opportunity to own a beautifully renovated log home with grand lakeviews, a water’s edge guesthouse cottage, detached four-car garage building, and manicured grounds. The main house was built from timber sourced nearby circa 1934 and the guesthouse was added to the estate circa 1940. Perched atop a bluff overlooking 500 feet of shoreline below, Summertide has its own pier, boatlift and mooring buoy facilities. Additionally, history, celebrity, and legend are associated with this lakefront estate compound.
The combined square footage of the main house and guest cottage is approximately 3,800 square feet, which includes seven bedrooms and six and a half baths indicative of the “Old Tahoe Lodge” charm associated with this estate.
Summertide is poised for a dramatic transformation, as it is envisioned by the talented team of Keith Kelly, of Kelly & Stone Architects, Kevin Agan, of Agan Consulting Corporation, and John Brink, of Brink Custom Homes. It only awaits a discerning individual or group who can take advantage of this exceptional opportunity to preserve the current building and pursue the development of a large custom compound or partially redevelop the estate to add numerous lakefront and lake view homes. The estate sits on five and a half acres and currently the house, guest cottage and garage are spread across three of the many parcels.
According to agency records, Summertide’s estate consists of five parcels and possibly a total of six parcels of record (currently pending confirmation). A portion of the estate is populated with vintage buildings and improvements which are eligible to be preserved, rehabilitated, or expanded to enhance function and use. The remainder of the estate, through redevelopment considerations, appears to be eligible to support more lakefront and lake view buildings and homes. Further verification of property entitlement and development parameters are currently underway.