For Immediate Release

Summertide Estate Offers History and Redevelopment Potential

CRYSTAL BAY, Nev. – The beautiful Summertide estate offers one of Lake Tahoe’s premier locations, an unforgettable piece of the region’s history and an incredible opportunity for the future, making it a once-in-a-lifetime property currently listed on the market for $17.5 million.

Once owned by the enigmatic Howard Hughes, Summertide’s historic log home is steeped in history befitting Lake Tahoe’s storied Crystal Bay. Its idyllic location, nestled in the wind-sheltered cove among the pines and above Lake Tahoe’s crystal clear water, is complemented by its manicured 5.5-acre grounds and beautiful architecture. The estate’s redevelopment opportunities give it dramatic potential to be transformed into a grand lakefront residential compound or separated into lakefront and lake-view home sites.

Currently the scenic property includes the beautifully renovated log home with grand lake views, a water’s edge guest cottage, a detached four-car garage and more. Built from local timber in 1934, the main house was joined by the guesthouse around 1940.

Perched atop a bluff overlooking 500 feet of glistening, granite-boulder strewn shoreline below, Summertide also has its own pier, boatlift and mooring buoys.

The main home and guesthouse measure up to approximately 3,800 square feet combined, totaling seven bedrooms and six and a half baths (five bedrooms, 4.5 baths in the main house and two bedrooms, two baths in the guest cottage).

The talented team of Keith Kelly, of Kelly & Stone Architects, Kevin Agan of Agan Consulting Corporation and John Brink of Brink Custom Homes have a vision to transform this incredible estate that honors its grand stature, with the potential to both preserve history and add numerous lakefront and lake view homes.

The Crystal Bay location provides access to world-class recreational facilities including two golf courses, a tennis complex, ski resort, 37,000-square-foot recreation center and other preferred access and discount opportunities. Crystal Bay is a quick 20 minute drive from the Truckee Tahoe Airport and 45 minutes from Reno Tahoe International Airport.

All of this adds up to an extraordinary opportunity just waiting for the right individual or group to pursue its full potential. For more information, visit SummertideLakeTahoe.com.

About John Leles:  Affiliated with Sierra Sotheby’s International Realty, John Leles specializes in luxury real estate at Lake Tahoe.  He has been successfully representing clients for over 25 years, has earned top producing accolades for years, and currently works as a broker associate in both California and Nevada.  For more information call (775) 842-6898 or email john@johnleles.com.