Want to buy a historic Lake Tahoe property? Fork over $98 million | SierraSun.com

Want to buy a historic Lake Tahoe property? Fork over $98 million

Staff report

GLENBROOK, Nev. — Lake Tahoe's oldest settlement has hit the market with a $98 million-dollar price tag.

Offering more than 400 feet of sparkling shoreline, the Shakespeare Ranch in Glenbrook on Tahoe's east shore has hosted historic dignitaries and modern celebrities for more than 100 years, according to a press release from Sierra Sotheby's.

The property, once revered by the likes of the Kennedy and Onassis families, includes a 397-foot shared pier with private lift for a 40-foot boat.

The lakefront compound is composed of 17 guest homes, including 25 bedrooms, 25 bathrooms and 13 kitchens, one of which hosts the culinary fireworks of renowned chef Emeril Lagasse during annual celebrity events hosted at the Ranch.

The property also includes an indoor pool house, horse stables, a greenhouse and a root cellar converted to an underground wine-tasting and tap room.

"There are few places in the world that match the diversity in lifestyle that Shakespeare Ranch offers," Lexi Cerretti, Shakespeare Ranch's co-listing agent with Sierra Sotheby's, said in a statement. "With the opportunity for an equestrian or ranch property that doubles as an alpine skiing retreat, and summer home complete with community golf course and beach club."

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READ MORE: Click here for more information, including an extensive photo and video presentation of the property.

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Each year, the Ranch hosts the Glenbrook Rodeo, which benefits the Keep Memory Alive Foundation, in its 5,000-square-foot entertainment barn.

According to Sierra Sotheby's, past headliners at the rodeo have included former Tonight Show host Jay Leno; musicians Lionel Richie, Kenny "Babyface" Edmonds, Kenny Loggins, and the band America; and the late Robin Williams.

The ranch was named after an iconic rock monolith on the property known as Shakespeare Rock, which, according to visitors, resembles the beloved playwright.

"The history of the area is what's so interesting," Camille Ruvo said in a statement. "To know about the rodeos and the other things that happened on the ranch for many, many years — ‹and then it just sat there quiet. To continue on with some of those traditions became a goal for us."

After many happy decades at the estate, the owners listed the property in order to be closer to their children who now live on the East Coast, according to Sierra Sotheby's.

It marks only the second time since 1861 the property has been listed for sale.