Luxury Portfolio Press

January 16, 2020

Crystal Bay / Lake Tahoe, NV New Gold Mine for Real Estate Investors

Nobu Hospitality Group to Manage Famed Cal Neva ResortFuels Interest in Uber-High-End Dollar Home Market

(CRYSTAL BAY, Nev.), January 16, 2020 --- The recent news that Oracle billionaire Larry Ellison, owner of the famed Cal Neva Resort in Crystal Bay, NV, selected the prestigious Nobu Hospitality Group to bring the casino hotel resort back to life has fueled the continuing interest from high-end investors to head to Lake Tahoe and the north shore’s Nevada side in particular. 

The Nobu Hospitality Group is known throughout the world for its five-star positioning in the hospitality industry, a brand they will instill as they commence to remodel the “Lady of the Lake.”

 “This news, paired with Ellison’s purchase of the casino resort in 2018, and Facebook CEO Mark Zuckerberg 59 million investment in two lakefront estates in 2019, certainly solidifies the fact that this region has tremendous value that comes with an unprecedented lifestyle and all the Nevada tax advantages,” said Kerry Donovan, vice president of luxury with Chase International real estate firm in Incline Village, NV. 

Next Generation of Luxury Properties Ready for the Ultra-Rich

While the resort hotel’s construction project takes on a new life, two brand new multi-million-dollar lakefront estates are close to completion. 

Touted as “Tahoe’s next generation of luxury lakefront properties,” they are located 150 yards from North Lake Tahoe’s California/Nevada state line, 20 minutes from the Truckee/Tahoe airport, and are the only brand-new single-family lakefront estates available on the market today.  

The property at 20 Crystal Drive offers 7,850’ of living space, sits on 1.2 acres, has 110’ of lake frontage as is priced at 24-million dollars. Next door at 24 Crystal Drive, the 22-million dollar listing offers 6,500 sf of living space, on 1.1 acres, with 150 feet of private lake frontage.

“These ultra-mountain modern estates have all the attributes that buyers at this level require and deserve. Each property showcases cutting-edge design within their classic natural setting wrapped with stunning panoramic views of Lake Tahoe,” noted Donovan.

Both properties share a technologically advanced glass-encased tram that operates from the estates to the property’s private lakefront and brand-new deep-water pier that extends 140 feet over the Bay’s cobalt blue cove. Walls of glass and the homes’ spacious open floor plan embrace the natural surroundings of massive granite boulders, towering pines, and some of the High Sierra’s most breathtaking views of Lake Tahoe and beyond.

“Quintessential to the next generation of luxury homes, both properties have set the scene for its residents to cherish and share with generations to come,” said Donovan.

Presidio Vista Properties is the developer of record who creates masterpiece properties from Aspen to Lake Tahoe. They are working in partnership with Ro | Rockett Design of San Francisco and Los Angeles and Ryan Group Architects of Truckee. Both estates are built by the well-respected Crestwood Designs of Truckee, CA.

Staging the homes is Meredith Baer who is internationally respected as the “premier home staging company in the nation,” said Donovan. Baer has been featured in Architectural Digest, Forbes, The Wall Street Journal, Los Angeles Times, and numerous network and cable outlets.

“All of the partners involved in these multi-million-dollar showcase residences have fused their award-winning talents to create two of the most dynamic environmentally-designed lakefront estates that await the most discretionary buyer,” said Donovan. 

About Chase International

Headquartered in Lake Tahoe, Nevada since 1986, with nine offices in the region (Zephyr Cove, Glenbrook, Incline Village, Tahoe City, Squaw Valley, Truckee, South Lake Tahoe, Carson Valley, Reno and Sparks) Chase International and its exclusive affiliations handle a large share of the country’s property. With over 360 professional Realtors® boasting an array of industry certifications and the highest volume per sales agent in the area, Chase International successfully represents homes at all price levels. For more information about Chase International, visit

Chase International/Lake Tahoe - Nevada Lakefront Luxury Estates for Sale  - 24 Million  - 22 Million - 75 Million 


Contact:  The Donovan Group
Chase International
917 Tahoe Boulevard
Incline Village, NV 89451
775 750 2190