Like so many homeowners, former
Apple Computer chief Gil Amelio had
some good news and some bad news
when he sold his house on the west
shore of Lake Tahoe.
The good news? The house, which
Amelio purchased four years ago for $5
million, sold for $14.35 million.
The bad news? The price tag was
marked down from the $20 million
Amelio originally sought for the property
known as Stonewood.
Nonetheless, the realty company
Chase International, which handled the
sale, said it's the biggest this year in the
Lake Tahoe area. The transaction closed
at the end of July.
The buyers described by Chase
International as a Bay-area family moving
up from a smaller second home on the lakefront
will enjoy 200 feet on Lake Tahoe,
a level lawn from house to pier, a 6,800-
square-foot-main house with six bedrooms
and baths, a caretaker's house and eight
garages.
Also on the property are garden and
water-sports storage buildings, a 50-kilowatt
generator and above-ground 750-gallon
diesel and 270-gallon gas tanks. A pier is
equipped with a hoist and Jet-Ski lift; nearby
are a children's play area and a playhouse.
(The playhouse, if you're curious, also has a
name: Pebblewood.)
To sweeten the deal, Amelio threw in an
SUV and watercraft.
Chase International said Amelio,
who once served as chief executive officer
of National Semiconductor as well as
heading Apple, decided to sell because
he wasn't able to spend enough time at
the property.
Trinkie Watson, the Chase International
agent who handled the sale, said the transaction
shows that the market for luxury homes
at Lake Tahoe remains strong.
