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.

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.