Virtually every building at the compound is named in homage to the Bard.

“To Be” or “Not to Be”? Those are the guest cabins.

Virtually every building at Shakespeare Ranch, a sprawling 134-acre compound on Lake Tahoe, is named in homage to the bard, from “King Lear,” the four-bedroom guesthouse, to the guest cabins that take their names from Hamlet’s soliloquy. Now, after several decades at the property, owners Larry and Camille Ruvo are expected to list Shakespeare Ranch for $98 million.

In 1984, Mr. Ruvo bought a condo in the former resort community in Glenbrook, Nev., and expanded his holdings to include 17 New England-style guest homes and a roughly 5,000-square-foot barn that dates back to the 1870s.

Named after Shakespeare Rock, an outcropping that travelers say resembles the playwright, the ranch has been renovated to accommodate large gatherings, including an annual charity rodeo event that features bull riding, barrel racing, ribbon roping and dinner prepared by chef Emeril Lagasse. The guest accommodations include 22 bedrooms, 27 bathrooms and 13 kitchens.

Other buildings include an indoor pool house, horse stables, a greenhouse and a root cellar converted to a wine-tasting room. There are more than 420 feet of shoreline and a shared pier on Lake Tahoe.

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