Blockchain CEO Jeffrey Berns is listing Lake Tahoe Homes for $45 million
1180 Hwy 50 Glenbrook, Nevada and Blockchains’ Jeffrey Berns (Compass, Blockchains)
Not all crypto entrepreneurs are in jail or under federal investigation right now—at least one of them is house shopping in Lake Tahoe.
Blockchain founder and CEO Jeffrey Berns and his wife, Mary Berns, listed a pair of adjacent Lake Tahoe waterfront properties they own for a combined $45 million, the Wall Street Journal reported. The homes can also be purchased separately, for $40 million and $7 million, respectively, the outlet reported.
Clif Chase of Chase International Luxury Real Estate has the listing.
Jeffrey Berns, a longtime consumer protection attorney, founded Blockchains in 2014 to focus on Web3 services. He gained notoriety in 2018 when he bought a plot of land near Reno, Nevada for $170 million to build a futuristic blockchain-centric “utopia”.
Berns bought the mansion at 1180 Highway 50 in Glenbrook, on the Nevada side of the lake, for $23.5 million in 2018, according to the outlet. The 1.6-acre property includes a 9,300-square-foot six-bedroom main house, a two-bedroom guest house and a beach cabin, the listing shows. The property spans 160 feet along the lakefront, with a dock, private dock and jet ski.
Berns bought the smaller home next door for guest use, he told the outlet. The 3,000-square-foot, five-bedroom home sits on 0.3 acres and spans 76 feet along the lakefront.
Jeffrey and Mary Berns were revealed as the buyers of a lakefront mansion in Incline Village for $47.5 million in May. The purchase is the third highest home price ever in Lake Tahoe.
They closed on the property on the Nevada side last November and have been living there full time ever since. Berns told the Wall Street Journal that his family moved to be closer to his daughter’s school.
The Wall Street bankers have the Hamptons, and the tech founders of Silicon Valley have Lake Tahoe. The mountain community, just a four-hour drive from the heart of the tech world, saw a boom during the pandemic that sent home prices soaring to unprecedented levels.
The lake straddles the border between California and Nevada, offering a convenient tax haven for wealthy Californians with vacation homes on the other side of the border.
It was widely reported last year that billionaire Oracle co-founder Larry Ellison purchased four Incline Village homes for between $15 million and $20 million each. The tech entrepreneur is an avid real estate investor, and also bought a waterfront Hyatt resort for $345 million last year. Mark Zuckerberg and Priscilla Chan bought a pair of adjacent Lake Tahoe compounds for $59 million on the California side of the border in Tahoe City, according to multiple outlets.
—Kate Hinsche
