GLENBROOK, Nev. – The Shakespeare Ranch is once again on the market, featuring its historic 1873 entertainment barn, lakefront cabana and a ranch house currently under construction, all for $125 million, making it one of the highest-priced private estate listings in Nevada history.

If it sells for that price, it would be among the largest Lake Tahoe transactions ever recorded.

Initially listed in 2024 under a previous listing at a higher asking price of $188 million, this prior opportunity also included an option to purchase individual parcels and residences starting at nearly $10 million.

This most recent listing is marketed as a new curated release of three particular parcels and excludes parcels offered in the prior listing, which had included another residence. In addition to the lakefront ranch house, cabana and historic barn, the three parcels include a 465-foot pier (one of the longest on the lake), 14 buoys, a rodeo compound and a parcel with 3 acres of meadowland with its namesake Shakespeare Rock in view, Glenbrook’s iconic granite formation.

The new main home, nearing completion at 7,713 square feet, is designed by award-winning architect Marc Appleton. The cabana is designed by Howard Backen. There are also Backen & Backen conceptual designs for the meadow parcel.

Additionally, the property features 425 feet of Lake Tahoe shoreline, a boathouse, multiple guest residences and cabins, garages and support buildings, and a collection of recreational and equestrian amenities.

“Shakespeare Ranch is one of the most unique properties I’ve had the privilege of representing in my 30-year career,” listing agent Christine Perry of Christie’s International Real Estate Sereno said. “You feel the history the moment you arrive at the gate. What makes it so special is the blend of old and new — the newly built ranch house and cabana offer the mountain-modern lifestyle so many buyers are seeking today, while being surrounded by the rich heritage of the rodeo grounds, horse pastures, and breathtaking views of Shakespeare Rock and Lake Tahoe.”

The private estate’s history runs over 150 years deep, with its 1873 barn being one of the oldest surviving structures on Lake Tahoe. The estate also hosted former President George Bush and the Glenbrook Rodeo with acts from Lionel Richie, Robin Williams and Jay Leno.