Huge reduction from original price on this one-acre estate with main and guest houses and a shared pier with slip, lift and two buoys. Within walking distance of Tahoe City and Tahoe House for lattes and gourmet fare, this striking red wood structure was completed in 1991. The main house has 3 bedroom suites plus a convertible den with adjoining bath and area below for future development should a new owner want a rec room. The guest house, over a three-car garage, has two bedrooms, bath, kitchen and living-dining room. Once in the stratosphere over $10 million, recent reduction brings it to $7,995,000...almost the cost of land alone with pier. Check out www.lakefrontelegance.com.