Posted by Staff writer on Jan 01, 2013 10:12 AM EST

David Duffield purchases Estate in Incline Village

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David Duffield has recently purchased the Osprey estate facing lake Tahoe in Incline Village for $25.5 million more big
(Photo : MrMitch/Flickr)

Chairman and co-founder of Workday and software giant, David Duffield has reportedly purchased the Osprey Estate in Incline Village, Nevada. Duffield coughed up a sum of $25.5 million for the residence.

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Duffield bought the lake front residence through the Nevada Pacific Development Corporation. The home is spread across 8 acres in front of a 670 feet lake - Tahoe, with a pier and a private beach, reports Wall Street journal.

The house was built in 1995 by Late Jerome Lemelson and sold by the Dorothy Lemelson Qualified Trust, which is named after Lemelson'sr widow, reports lake Tahoe News.

The residence comprises of a 7100 square feet main house, a conference center and a separate guest house as well. The home has 9 bedrooms and a total of 12 bathrooms out of which 9 are full and the rest are half. The floor is made of white sycamore hardwood along with Indiana and European limestone, reports Mercury News.

The central wing or the main house consists of 2 offices, a living room that boasts of a cozy fireplace and a sun room. The place also has a great room with a cathedral style ceiling, reports Mercury News.

A garage, big enough to accommodate six vehicles and an indoor pool also add to the home's luxury.

Duffield also owns another property in Incline Village, which he bought for $27.6 million in 1999 through the same Nevada Pacific Development Corporation. Duffield is also happens to be the president of the corporation, reports Lake Tahoe News.

The Osprey estate sale was the biggest sale since 2008 indicating the growth of the real estate sector in the area, reports Mercury News.

"The lakefront has not seen a lot of price deterioration in recent years because sellers haven't been pressed to sell. But there are now a handful of sales under contract, not quite at the $20 million level but getting close." Kerry Donovan, listing agent at Chase International told Mercury News. Donovan also handled the Osprey estate sale.

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