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3. Tranquility
Location: Zephyr Cove, NV
For sale: $75 million
Monthly mortgage: $315,301 /month
A veteran of the most expensive homes list, Tranquility was once the most expensive home for sale in the entire country. Despite having 25 percent shaved off the asking price, the 210 acres of Lake Tahoe’s palace-like property still ranks among the priciest pads in the nation. The furnished 8-building compound, which includes a 38,000-sq ft main residence, conservatory, guest residence, art studio, boat house pavilion, gymnasium and 16-car garage, is currently awaiting a buyer willing to hand over a lofty $75 million - an asking price that comes out to require a $315,301/month mortgage (based on 20 percent down payment of $15 million and 3.98 percent 30-year fixed mortgage rate).
What will $315,000 get you on the Zephyr Cove real estate market? A 3-bedroom condo:
54 Burke Crk, Zephyr Cove, NV 89448 (below)
3-bedroom condo
For sale: $309,000
Features: Price reduced from $319,000, 3 bedrooms, 2 bathrooms, 1,387-sq ft, 2 decks
Credit: Zillow Blog
