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Dianne Feinstein’s huge Tahoe property is up on the market

Posted by: | Posted on: June 26, 2021

A multihome compound in Lake Tahoe with connections to Sen. Dianne Feinstein and her funding banker husband Richard C. Blum is up on the market based on Realtor.com.

The waterfront property on Rubicon Bay is listed for $41 million, a worth lower from its authentic itemizing worth of $46 million in October 2020. It features a personal sand seashore, a 172-foot pier, a ship raise and 4 buoys. 

There are three separate houses on the 4.75-acre property. The primary home is ideal for entertaining, with excessive ceilings and an open flooring plan that opens out onto a deck. It options six bedrooms and 4 and a half loos, with two major suites in addition to a loft and an hooked up storage. 

It’s being supplied “largely furnished,” although it’s unclear what stays and what goes. 

One visitor home has a big stone patio and a firepit. One other has two full residences inside one constructing.

The property was bought for $9.7 million in 2007, based on public data. It’s owned by an LLC tied to Blum’s funding administration agency, Blum Capital.

Actual property has gone “wild” within the Lake Tahoe space for the reason that pandemic started. With greater than $612 million in gross sales within the first quarter of 2021 alone (greater than double the quantity in the identical interval final 12 months), it’s more likely to be a record-shattering 12 months for Tahoe actual property. Looks as if a fairly good time for Feinstein and Blum to place the property available on the market. 

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