Howard Hughes' former Lake Tahoe estate for sale for $19.5 million

Howard Hughes former Lake Tahoe estate.
Howard Hughes former Lake Tahoe estate.

Summertide, a 5.5-acre property in Lake Tahoe that was once owned by reclusive billionaire Howard Hughes, is up for sale.

According to a report in the Los Angeles Times, the estate is priced at $19.5 million.

The lakefront property features a five-bedroom, four-bathroom Adirondacks-inspired log cabin, which was built in 1934. There also is a guest cottage, a boat dock and meadowland.

The current owners purchased the property from Howard Hughes Corp in 1995, according to the report.

To read the full story, click here.

—By CNBC Staff.


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