Barter Made All-Time-Record
$50 Million Home Sale Possible!
highest price ever paid for a private home in the United States was
the $50 million sale which occurred because of barter. The Thunderbird
Lodge, the largest private estate on Lake Tahoe, is a 140-acre property
that includes a 16,000-square-foot compound with more than a mile of
Tahoe property was sold by Jack Dreyfus, founder of the Dreyfus Mutual
Fund, to the Del Webb Corp (developer of the Sun City communities) in
a land exchange.
developer then traded the land to the Bureau of Land Management for
5,000 acres of property, which became a site for a third Sun City community.