An increasing number of technology company founders are achieving multi-millionaire status due to the success of their companies. One example is Erik Swan, the founder of the San Francisco-based company Splunk, which is a leading software platform that is used for analyzing machine-generated data. Currently, Swan works only as an advisor to the company he founded, which has a market cap of more than $24 billion. However, Swan does own more than 700,000 units of Splunk stock. According to Wallmine, Erik Swan’s net worth is at least $388 million, and this has put him in the position to splash the cash on stunning homes in several locations. He has now listed one of his properties, which is in Lake Tahoe, for $15.5 million.
An Overview of the Lake Tahoe House
Erik and Julie Swan paid just $5.4 million for their newly built home back in 2012. The property, which was designed by Shay Zac Architecture and Walton Architecture + Engineering, measures 9,352-square-feet internally and boasts six bedrooms and eight bathrooms. It sits on a double lot that spans 2.88-acres. The property is in Martis Camp, a skiing and golfing neighborhood in Truckee, close to Lake Tahoe’s north shore. Residents of the community have access to an award-winning golf course designed by Tom Fazio, a full-service spa, a beach shack on the lake, and private ski-lift access. It is an area that has become increasingly popular in recent years, and the area’s desirability is reflected in the house prices. The desirability is one of the reasons why the Swan’s house is now worth $15.5 million. However, the phenomenal rise in the property’s value is also down to the many upgrades made and the additional leisure features added by the couple.
Inside Erik Swan’s House
Throughout the interior of the 9,000-square-foot property, there are high-end materials in every room. These include wide-plank hickory floors that are finished with black walnut, natural stone, teak cabinetry, custom lighting, and Ann Sacks tiles. There are also floor-to-ceiling windows in many of the rooms, and these make the most of views across Martis Valley, the Carson Range, and Mount Rose. Technology also features throughout the mansion. It boasts Lutron lighting systems, Control4 home automation, and a nightclub-grade studio sound system with concert speakers. Every room in this house is spacious, including the great room that has a huge fireplace, a beamed ceiling, and doors leading to a patio area. In the gourmet kitchen area, there is a multitude of high-end appliances, such as Bosch, Miele, Sub-Zero, and Wolf. There are various dining options at the property, including an eat-in-island in the kitchen and a separate formal dining room.
A second lounge is separate from the great room but shares the same wood flooring. It is a cozier room with a fireplace and an informal dining area with a table, chairs, and a bench. There are double sliding doors leading out to a patio surrounded by shrubbery. The ground floor also houses various other rooms, including a kitchenette, a wet bar, and a media and games. Two of the eight bedrooms, one of which has bespoke bunk beds, are also located on the property’s lower floor. Long corridors connect the rooms on the lower floor with glass walls and hardwood floors. Swan’s Lake Tahoe home has no less than two two-story master suites, which are accessed from a duo of hallways from either side of the main living space. Each of the master retreats has sleeping quarters on the upper level, plus an additional room on the lower level. The lower rooms have the potential for various uses, including offices, gyms, libraries, or additional bedrooms.
The Three-Acre Grounds of the Property
At the front of the estate, there is a long, paved driveway that curves around a stone wall. There is a large motor court in front of the mansion, although there is also a massive garage for secure parking of multiple vehicles. A walk to the rear of the property reveals the magic of this property that makes it stand out from other mansions in the area. The expansive grounds offer a vast array of leisure and lifestyle options that will keep the new owner entertained. The beautiful gardens feature a manmade creek running through the grounds that boats a waterfall, and there are various verandas where the homeowner can sit and admire their surroundings. There is also a wooden deck with a lounge, outside dining area, a barbecue bay, and a firepit. Sitting below the deck is a one-bedroom guest house that measures 2,055-square-feet that is equipped with its own kitchen. Below the guesthouse is a 1,800-square-foot garage that has high ceilings, scissor-lift doors, and epoxy floors. It is possible to access both the guesthouse and the garage via a staircase of an elevator. More unusually, it is also possible to access both via the rock-climbing wall. The features of the garden do not end there, as there is a built-in trampoline, a granite hot tub, and even a skate park. Therefore, the new homeowner has a wide choice of ways to entertain themselves without leaving their own property.
Erik Swan’s Other Properties
Although Erik Swan and his wife are selling their Lake Tahoe home, they are far from being homeless. They are both long-time Silicon Valley locals, but they have primarily lived in Malibu in recent years. The couple owns a lavish estate in the celebrity-favored neighborhood of Point Dume. They purchased the estate, which sits atop a bluff, in 2016 for $17.7 million. Interestingly, their home was in the film ‘Some Kind of Beautiful’ that starred Pierce Brosnan. Prior to buying their main residence, the Swans bought another Point Dume pad in 2013. They paid $13.3 million for the property, which Cindy Crawford and Rande Gerber formerly owned. Three years later, the Swans sold the house for $14 million to Steuart Walton, a Walmart heir.