A single-family residence in Incline Village was sold for $125,000,000. The estate includes an adjacent parcel valued at approximately $7,000,000 and is situated in the Lake Tahoe area, establishing a new sales record for the location. This purchase is part of a series of acquisitions by the buyer, contributing to a significant portfolio in Incline Village, following a previous acquisition for $46,000,000 earlier in the same year.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $125,000,000
• Buyer: Steve Jurvetson
• Buyer Company: SpaceX
• Seller: Gene Pretti
• Adjacent Parcel Value: $7,000,000

Steve Jurvetson's recent acquisition reflects a strategic move in the Incline Village real estate market, effectively doubling the previous local record of $62,000,000 set prior to this transaction. The deal involved an entity associated with Jurvetson purchasing the property from an entity connected to Gene Pretti.