Incline Village on the Nevada side of Lake Tahoe has seen an influx of ultra wealthy Californiansfleeing the state’s proposed billionaires tax.
Silicon Valley billionaires likeGoogle co-founder Sergey Brin, SpaceX investor Steve Jurvetson, and Naveen Rao, with Unconventional AI, have recently moved to the Nevada bordertown on the north shore of Lake Tahoeahead of a proposed “billionaire tax”in the state.
“Our primary market is Californians seeking tax refuge in Nevada and people buying second homes,” Cole Mizak, a top luxury real estate broker in the area told The Post.
Miziak, who has been doing real estate for a decade, said that his clients are primarily coming from the Bay Area and Washington State.
“We are seeing a bigger push, especially in $10-20 million home price range,” he said. “Six already this year in the $10 million or more bracket. And there’s actually 3 more currently in escrow.”
“At this same time period last year, there had been one in that category.”
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He added, “In the $20 million or more range, there was zero sales in this time period last year. This year there has already been four.”
Mizak said there’s been a lot of Silicon Valley and AI people, naming people from companies like Meta, and Anthropic.
He sees it as a combination of the California billionaire tax and the recently passed millionaire tax in Washington.
Source: California Post – Breaking California News, Photos & Videos
