Onetime Lake Tahoe retreat of Howard Hughes is ready for the next visionary

Summertide, the onetime Lake Tahoe retreat of tycoon entrepreneur Howard Hughes, is being reintroduced to the market at $19.5 million -- the same price it was listed for last year -- but with a marketing twist.

Set on a sheltered cove on Crystal Bay, the 5.5-acre pine-dotted property centers on the reclusive billionaire’s original log home. This time around, however, the site is also being touted for its potential for redevelopment as a lakefront residential compound or possible division into lakefront and lake-view home sites.

The scenic property currently includes the renovated bluff-top home with lake views, a waterfront guest cottage, 500 feet of shoreline, a pier, a boatlift and mooring buoys.

The Adirondacks-inspired main house was built from local timber in 1934, and the guesthouse around 1940. They total nearly 3,800 square feet of living space with seven bedrooms and 6.5 bathrooms. The stone fireplace and vaulted ceilings in the living room retain a vintage vibe while the kitchen and bathrooms have been remodeled.

The detached garage can hold four cars.

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Hughes, who died in 1976 at age 70, left his mark on the aerospace and film industries. He set multiple speed records flying, owned Trans World Airlines and made such films as “Hell’s Angels” (1930), “Scarface” (1932) and “The Outlaw” (1943).

The current owners purchased the property from Howard Hughes Corp. in 1995.

John Leles, with Oliver Luxury Real Estate and Christie’s International Real Estate, is the listing agent.

Twitter: @LATHotProperty

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