What Lake Tahoe locals call the “castle on the hill” is currently Nevada‘s most expensive home. It’s available for $64 million.

“It’s without a doubt one of a kind for the region. It’s an iconic property,” says Mike Dunn. Dunn, Kerry Donovan, Shari Chase, and Susan Lowe are listing the property for Chase International.

“You can’t see it from the road, but everyone that’s on the lake, when they hear about it, they say let’s go find that house,” adds Dunn.

That house is an absolute stunner on 5 acres off Highway 28 in Crystal Bay.

“The owners spent years designing it, and they were on site every day during construction. It’s an absolute masterpiece. It’s not just a home. It truly is a masterpiece,” Dunn says.

Each room of the 12,000-square-foot residence offers a distinct view, and the blue waters of the lake loom below.

“You really feel as though you’re floating over Lake Tahoe. There is no better house with a better view. It’s just absolutely stunning that feeling you get that you are part of the water and part of the lake,” Dunn says.

The six-bedroom main house took four years to build. Luxe amenities include a 1,600-bottle wine cellar and a home theater.

Obtaining a permit to build the 4,000-square-foot, two-bedroom beach house close to the water took over a decade.

“The scale of the beach house is smaller than the main residence as far as the grandness of it. It has more of a modern mountain elegance as far as the design and decor,” he says. “It has unbelievable doors that open up into the main living area that open to a massive deck that floats over the water.”

Both structures are feats of engineering, and the main home is built right into the rock. Access was a logistical hurdle in the construction of the beach house.

“There’s no road down to the beach house. It was built by amphibious barge. They would literally load up around the corner at a boat ramp with materials and supplies and drop the barge in the water and boat over with the crew as well,” Dunn explains.

Now two glass-enclosed funiculars connect the two structures and the garage.

“You can pull into the driveway and a heated entrance to a set of garages, and there is a funicular that goes to the main residence through the gardens. Then you can take an elevator to the second funicular and be on the water’s edge without having to go down one step.”

The extensive gardens include ponds, waterfalls, wildlife, and even a Zen space. Construction of a boat dock and pier is set to begin soon.

The house has tested the waters of the real estate market a few times since 2017 when it was listed for $75 million. Dunn says the current price is not a reduction, but rather more accurate.

“The market wasn’t as established then, and we didn’t have the data we have now. The number of sizable transactions that have happened over the past 24 months really gave us a lot of information and comps about where to place this in the market,” Dunn explains. “The owners are in the next chapter of their lives and are looking to move on.”

The sellers lived in the house full time, and Dunn says new owners could easily do the same, especially with the income tax benefits of having a place in Nevada.

“A trend is people are downsizing from the collections of townhomes, small homes, and resort properties,” he explains. “There is a big movement into what we call dual primary residency where people have larger and grander homes in two locations that fit their lifestyle and they frequent them more often than just a few weeks a year.”