A recent article published by the WSJ showcases how this beautiful Lake Tahoe Compound is for Sale.   I’m excited to be working with Mr. Tom Gonzales who is the Co-Founder of Commerce One.  You can view the entire Article that was published on the Wall Street Journal Below:

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Eric Jarvis

A 4.35-acre Lake Tahoe, Nev., compound is being offered for sale as separate lots. It was previously listed as a single property for $49.9 million, the second-most expensive listing in the area. Lake Tahoe compound.
Owner Tom Gonzales, who co-founded Silicon Valley software company Commerce One, first listed the Incline Village estate, known as “Sierra Star,” in 2007 for $65 million. The largest parcel measures 1½ acres and has the main, 10,500-square-foot home and 150 feet of frontage on Lake Tahoe. Another lakefront parcel is undeveloped but has a pier; two other parcels with lake frontage have 4,500-square-foot homes. The last parcel has a 12,000-square-foot collector’s garage and a 2,500-square-foot home above. The asking prices for the five lots total $49.9 million.

RindleyMr. Gonzales, 55, spent five years assembling the property and building or renovating the buildings. He planned to use the compound, where he lives now, for his family’s primary residence but says he now wants to downsize and spend more time in Florida. (He also is trying to sell a home in Fort Lauderdale for $19.9 million.) Commerce One, a San Francisco business-to-business software company, filed for bankruptcy in 2004; Mr. Gonzales is in the land-development business these days.

“This is where people come to relax and play with their toys,” says listing broker Kerry Donovan of Chase International, who adds that activity in the $10 million range has recently outpaced that in the $20 million range. Susan of Sotheby’s International Realty represents Mr. Gonzales.

The Las Olas City Centre office tower is under contract for $160 million. The buyer is reportedly a fund operated by JPMorgan Investment Management. The property, which was developed by Stiles in 2002, is co-owned by Stiles and Shorenstein Realty Services. Las Olas City Centre has a total of 408,000 square feet and is located at 401 Last Olas Boulevard in Fort Lauderdale. [SFBJ]

Marquis Miami Total current cumulative pending home sales in Miami-Dade County were up 19 percent through the end of June compared to the same period in 2010, according to data from the Miami Association of Realtors and the MLS. There are a total of 12,014 cumulative pending home sales to date, including both condominiums and single-family homes, compared to 10,113 at the same time last year. “Miami is in demand, as reflected by consistently increasing pending and closed sales and dwindling housing inventory,” said Jack Levine, the 2011 chairman of the board of the Miami Association of Realtors. “Our market is a focal point for global business headquarters, celebrities and the entertainment industry, tourists and visitors, and the ever-important international buyers.” — Alexander Britell

Rochester, N.Y. and the Florida cities of Fort Lauderdale, Orlando and Tampa have ranked in the top 10 best housing markets for investors in rental property, according to a report released today by HomeVestors of America, a property investment firm, and Local Market Monitor, a real estate data firm. The winners are generally are in markets where home prices have fallen substantially, including Las Vegas, Detroit, Tampa and Phoenix.

Las Vegas, where home prices are down by more than 50 percent from their market peak, took the top spot in the list, offering the best returns on homes maintained as rental properties, according to the report, which took into account the potential home price appreciation and gross rents.

Predominantly a retirement market, home prices fell 10 percent in Tampa in the last 12 months due to over-supply of investment properties built during the boom.

Ingo Winzer, president and founder of Local Market Monitor, said: “Home prices in these markets also are below-average, so empty homes are easily turned into competitive rental properties. But there is also extra risk in these markets.”– Katherine Clarke