How Mark Zuckerberg, Larry Ellison and others are changing the region forever

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I grew up in Lake Tahoe, the largest mountain lake in North America located in the mountains of Sierra Nevada. More than 2 million years old, the lake is also one of the deepest in the world and contains more mysteries than you can imagine.

A modern-day mystery is the recent record acquisition of prominent lakefront real estate properties in Tahoe City (California) and Incline Village (Nevada). With the current popularity of land acquisitions by technology billionaires from nearby Silicon Valley, many areas are listed with exorbitant prices starting at $ 35 million for 24 Fitness's founder, Mark Mastrov's ### Glenbrook Lake Domainand up to $ 75 million for a Crystal Bay Home Cliff with funicular.

The real question is: why do the richest people in the world collect so many properties along the lake as players in an extravagant Monopoly game? Is it because of the well-known tax benefits of Nevada, or is it something more secret? It may be simply because they love the area and that they need an easy getaway, close to Silicon Valley.

Gallery: The 6 Most Expensive Lake Tahoe Homes For Sale

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The highest concentration of billionaires is along the coastline in Incline Village, Nevada. It is considered a "Milliard Row" or "Revenue Village" and is basically a giant country club with large enclosed estates that you can only see from the water. Larry Ellison, David Duffield, Michael Milken, Gene Pretty, Walmart's heirs, and so much more, are among the wealthy residents. Howard Hughes has already used this place to escape, and his log home recently sold for $ 17.5 million, while Casino magnate Steve Wynn sold his long estate date by the lake for $ 31 million.

The newest billionaire in town is Facebook's Mark Zuckerberg, who has acquired neighboring properties in Tahoe City for $ 59 million. His new purchases include the iconic Brushwood Estate ($ 37 million) and Carousel Estate ($ 22 million), 100 years old. It will be a mbadive compound once development is complete. A mysterious society also picked up Zuckerberg 's neighboring estate last year for $ 41.5 million. And real estate agents in the area are talking about Elon Musk, of Tesla, who is planning some great lakeside land.

In addition to already owning several properties on the lake, Larry Ellison has purchased the historic Cal Neva Lodge (a property of Frank Sinatra) in Incline Village and plans to build a luxury hotel on the site. I would not be surprised to see a Nobu hotel advertised soon, considering that he has already installed the famous brand of hotels on his property in Malibu.

Personally, I have been working for a long time on Lake Tahoe. My father was a partner of Cal Neva Lodge in the 1970s, following his genealogy owners Frank Sinatra, Dean Martin and Chicago gangster Sam Giancana. Regulars included the Rat Pack and stars like Marilyn Monroe and Joe DiMaggio. I fondly remember many nights spent with Sammy Davis Jr. and others as a teenager. It is sad to see the departure of the historic casino and hotel that I visited often, but the building badly needed to be modernized and we hope that the new development will preserve a part of its history and its environment .

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I grew up in Lake Tahoe, the largest mountain lake in North America located in the mountains of Sierra Nevada. More than 2 million years old, the lake is also one of the deepest in the world and contains more mysteries than you can imagine.

A modern-day mystery is the recent record acquisition of prominent lakefront real estate properties in Tahoe City (California) and Incline Village (Nevada). With the current popularity of land acquisitions by technology billionaires in the neighboring Silicon Valley, many estates are listed with exorbitant prices starting at $ 35 million for the Glenbrook Lake waterfront estate of the founder of 24 Fitness, and exceeding USD 75 million for funicular.

The real question is: why do the richest people in the world collect so many properties along the lake as players in an extravagant Monopoly game? Is it because of the well-known tax benefits of Nevada, or is it something more secret? It may be simply because they love the area and that they need an easy getaway, close to Silicon Valley.

Gallery: The 6 Most Expensive Lake Tahoe Homes For Sale

18 images

The highest concentration of billionaires is along the coastline in Incline Village, Nevada. It is considered a "Milliard Row" or "Revenue Village" and is basically a giant country club with large enclosed estates that you can only see from the water. Larry Ellison, David Duffield, Michael Milken, Gene Pretty, Walmart's heirs, and so much more, are among the wealthy residents. Howard Hughes has already used this place to escape, and his log home recently sold for $ 17.5 million, while Casino magnate Steve Wynn sold his long estate date by the lake for $ 31 million.

The newest billionaire in town is Facebook's Mark Zuckerberg, who has acquired neighboring properties in Tahoe City for $ 59 million. His new purchases include the iconic Brushwood Estate ($ 37 million) and Carousel Estate ($ 22 million), 100 years old. It will be a mbadive compound once development is complete. A mysterious society also picked up Zuckerberg 's neighboring estate last year for $ 41.5 million. And real estate agents in the area are talking about Elon Musk, of Tesla, who is planning some great lakeside land.

In addition to already owning several properties on the lake, Larry Ellison has purchased the historic Cal Neva Lodge (a property of Frank Sinatra) in Incline Village and plans to build a luxury hotel on the site. I would not be surprised to see a Nobu hotel advertised soon, considering that he has already installed the famous brand of hotels on his property in Malibu.

Personally, I have been working for a long time on Lake Tahoe. My father was a partner of Cal Neva Lodge in the 1970s, following his genealogy owners Frank Sinatra, Dean Martin and Chicago gangster Sam Giancana. Regulars included the Rat Pack and stars like Marilyn Monroe and Joe DiMaggio. I fondly remember many nights spent with Sammy Davis Jr. and others as a teenager. It is sad to see the departure of the historic casino and hotel that I visited often, but the building badly needed to be modernized and we hope that the new development will preserve a part of its history and its environment .