May 15, 2026 News
Wall Street Journal: Lake Tahoe Enclave with Priciest Waterfront Homes
The Wall Street Journal spotlights the ultra-exclusive Crystal Bay community - home to the Cal Neva resort - as one of America's priciest waterfront markets.
NEWS
Published May 15, 2026
People magazine profiles the impending revival of the Cal Neva Resort, the legendary Lake Tahoe property once owned by Frank Sinatra that served as a glamorous gathering place for Hollywood's elite in the 1960s. The article recounts how Sinatra owned the resort from 1960 to 1968, drawing regulars including Marilyn Monroe, Dean Martin, Sammy Davis Jr., and John F. Kennedy, and notes that Monroe spent her final weekend getaway there in July 1962. It reports that Realberry and Proper Hospitality have secured $298 million to transform the long-shuttered property into the Lake Tahoe Proper Resort and Casino, targeting a late 2027 opening, and details the planned amenities including 197 rooms, the restored Circle Bar, a 225-seat theater, and two lakefront pools.
May 15, 2026 News
The Wall Street Journal spotlights the ultra-exclusive Crystal Bay community - home to the Cal Neva resort - as one of America's priciest waterfront markets.
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