Though the deal went down late last year, it’s only now become public knowledge that veteran tech entrepreneur Jeff Berns was the mystery buyer who reeled in some fancy new digs on the Nevada side of Lake Tahoe. Records show the Blockchains founder/CEO and his wife Mary doled out a whopping $47.5 million for a luxe waterfront estate nestled in the affluent Incline Village enclave — in what was reportedly the region’s third-priciest residential transaction on record.
The sellers were retired PIMCO managing director Dean Meiling and his wife Madylon, who had the home custom-built in the mid-2000s. The philanthropists and owners of Nevada-based Chemeon Surface Technology originally hoisted the place up for sale in August 2020 with a $44 million ask; it was later removed from the open market and popped up again in October 2021 for $49 million before ultimately going to Berns, an early adopter of cryptocurrency.
Known as “Spirit of the Lake,” and touted in the listing as an “entertainer’s dream,” the two-story stone, glass and wood structure rests on a gated parcel spanning over an acre. There are four bedrooms and seven baths in nearly 12,000 square feet of open-plan living space adorned throughout with soaring ceilings, French limestone floors, Venetian plaster faux-painted walls, Loewen windows and doors, Lutron lighting and endless walls of glass.
Among the highlights: a double-height great room sporting a wood-beam ceiling with eight chandeliers, a stone fireplace, floor-to-ceiling windows overlooking the lake and two seating areas, plus an entertainment area centered around a Yamaha grand piano that was included in the sale. There’s also a gourmet kitchen outfitted with an eat-in island, high-end appliances and a breakfast nook, as well as a formal dining room and two offices.
Other amenities include an elevator, 1,200-bottle wine cellar, movie theater, wet bar and gym, along with a sumptuous master retreat featuring a walk-in closet with a pair of center islands, stone fireplace and lakefront outdoor seating area. The spa-inspired bath boasts dual limestone vanities, a jetted tub with colored lights and steam shower.
As for the picturesque resort-style grounds, they hold a pool and spa, trio of seasonal gardens and meandering creek. Rounding it all out: a seven-car garage and whole-house generator. Did we mention the deal also came with 150 feet of lake frontage, a dock and 28-foot Cobalt power boat?
The listing was held by Tracey Allyn Cutler of Corcoran Global Living; Clif Chase of Chase International repped the buyers.