Barter Made All-Time-Record $50 Million Home Sale Possible!

The 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 shoreline.

The 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.

The 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.