A piece of film history is available for rent at the starry price of $30,000 per month.
A Lake Tahoe home within Fleur du Lac — the private lakeside community where integral scenes of “The Godfather Part II” were filmed — is now available for long-term lease, according to Sierra Sotheby’s International Realty agents Katherina Haug and Craig Miller.
The three-bedroom, 4.5-bath condo is one of 22 residences carved out of what began in the late 1930s as the summer estate of Henry Kaiser, the industrialist and a builder of the Hoover Dam who also founded the Kaiser Permanente HMO. Forty years later, it became part of film history as the location of Anthony Corleone’s First Communion party and — 50-year-old spoiler alert — the Michael Corleone-approved execution of his brother Fredo on what was ostensibly a fishing trip.
The home, which is located at 4000 West Lake Boulevard #2, cannot be seen in the movie. But it does overlook and have a private boat slip on that now-infamous corner of the lake, just north of Homewood in West Lake Tahoe. In addition to the marina, the rental includes access to the yacht club and clubhouse, outdoor stone terraces, heated pool, year-round outdoor spa, bocce ball court and two tennis/pickleball courts on 15 acres.
Haug and Miller have been involved in the sales of half of the 22 residences in Fleur du Lac, some of them multiple times, according to their website. But they have not sold Residence 2, which has been owned since 2016 by First Republic Bank founder James Herbert and his wife Cecilia, a trustee for Blackrock’s iShares Exchange Traded Funds. A trust in the Herberts’ names bought the 3,500-square-foot condo for $3.7 million, according to public record.
In a statement on the lease, which was listed last month before First Republic’s recent stock tumult, the agents said the $30,000-a-month price tag represents about 6 percent of the home’s value on an annualized basis, or about $6 million. They call the five-figure rental a “bargain in today’s luxury market.”
Care to disagree?
“You can always make us an offer we can’t refuse,” Miller said.
Read more
Residential
New York
Blockchains Jeffrey Berns lists Lake Tahoe properties for $45M