An estate built by casino mogul Steve Wynn has just set a record for the most expensive property ever sold on Lake Tahoe, according to Christine Perry, listing agent with Christies International Real Estate Sereno.

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The stunning waterfront home on five acres, known as Old Forge, is surrounded by old growth forest and has 210 feet of privately owned sandy beach. The gated property — located on Billionaire’s Row at 1041 Lakeshore Blvd. in Incline Village, Nevada — fetched $62 million in a deal that closed Friday, Oct. 11.

“This generational home rarely comes on the market, and the discerning buyer recognizes the unparalleled value of such an extraordinary property,” Perry said in a statement. “This transaction marks a significant moment in Lake Tahoe’s luxury real estate landscape, setting a new benchmark for exclusive estates in the region.”