Updated
Updated · The Wall Street Journal · May 1
Jaksick family lists Lake Tahoe waterfront home for $47.5 million
Updated
Updated · The Wall Street Journal · May 1

Jaksick family lists Lake Tahoe waterfront home for $47.5 million

8 articles · Updated · The Wall Street Journal · May 1
  • The 1.85-acre Incline Village property has 106 feet of lake frontage, a private sandy beach and a roughly 4,500-square-foot, six-bedroom house.
  • The home belonged to late developer and rancher Sam Jaksick Jr., who bought it in the late 1970s for under $1 million, according to his son Todd Jaksick.
  • The family said selling was difficult but timely as Tahoe luxury values rise, with Incline Village's median sale price up 82.1% year on year in March and nearby record deals boosting demand.
As billionaires flee to Lake Tahoe to escape taxes, how is this influx of wealth reshaping the local community?
With states targeting high earners, is this the start of a great national wealth migration across America?
Is California's proposed billionaire tax backfiring by driving away the very wealth it aims to capture?