Incline Village Real Estate Blog

In the past week, 11 new listings came onto the Incline Village and Crystal Bay market, including 3 homes, 7 condos and 1 townhome (PUD)- see below for links to these listings. There were 10 price changesincluding 6 homes, 3 condos and 1 townhome. 561 McDonald is a great buy, a beautifully remodeled home on a nice 1/2 acre+/- lot, close to everything now priced at $1.799M with over 4,300 sq ft ($415 per sq ft) with 5 bedrooms, 4 baths, hydronic heat and a wonderful backyard with heated patio.

This past week, 3 homes sold including the desirable 121 Rubicon, a 4,779 sq ft home in the heart of Lakeview subdivision, just a block off of Lakeshore. The home had recently been reduced from just under $2M to the low asking price of $1,495,000 and sold last week at $1.4 Million, congratulations to the new owners! You found a bargain in a neighborhood of $3 Million homes just a short walk to pristine shores of Lake Tahoe.

There were 4 new homes in contract this week (14 total under contract), including 687 Bridger Court, a lovely 3 bedroom home that backs to a great backcountry ski slope- you can hike up from your back yard and ski down- this home is in great condition on a nice cul de sac- a great buy. the other notable escrow is 460 Tuscarora Rd in Crystal Bay- this is a gorgeous new home with panoramic lake views on a cul de sac backing to the fire road trails in Crystal Bay. This home boasts 6,040 sq ft with 5 bedrooms, 5.5 baths with well planned home systems- hydronic heat indoors and outdoor walks and drive, home management and lot more- keep an eye out for the sale price, this will be a good buy under the asking!

New Listings
937 Jennifer- nice mountain home
318 Second Creek- great Ponderosa neighborhood
721 Champagne- luxurious lake view
198 Country Club Villas #31- walk to the Hyatt and Beach
333 Ski Way Ridge #254- low price
333 Ski Way Ridge #273- close to skiing
928 Wendy Lane- Country Club Ct #3
400 Fairview- Bitterbrush #58- views!
321 Ski Way- Mtn Shadows #53
136 Juanita- Coeur Du Lac #49
1000 Lakeshore #24- across from Beach

New Sales
1354 Zurich- listed at $399k, sold $378k
600 Village- listed at $800k, sold $760k
121 Rubicon- listed at $1.495M sold $1.4M

My buyer has a Coronado Island (San Diego) vacation condo, possibly furnished, 2 bed 1 bath 1,000 sf with 1 car garage in the heart of the Village, just reduced to $699,000. She is looking to sell or to trade for a comparable home/condo in Incline Village. Property trades can be fairly simple and easily handled between buyers and sellers, I can help you through the process.

“Completely turn-key condo just blocks to the Pacific! Remodeled in 2005, over $50,000 in upgrades. Convenient to downtown San Diego by bus, ferry or car. Rather be at the beach? Five short blocks and you’re on world famous Coronado Beach with miles and miles of white fluffy sand underfoot. Enjoy this quiet oasis in 10 unit building with an elevator and underground parking. In unit laundry, bamboo floors, custom cabinetry, granite countertops, stainless appliances, this condo has it all! Ideal vacation or starter home.”

Let me know if you are interested! This is a gorgeous unit in a very desirable, central location!

In the past week, 4 new listings came onto the Incline Village and Crystal Bay market, including 3 homes and 1 condo, ranging in price from $229,900 to $4.6M. There were 5 price changes including 4 homes (2 out of area) and 1 PUD (townhome). 620 Martis Peak (corner of Lakeshore) is now a short-sale at $3.795M and 7,145 sq ft living area with lake views. Let me work with you to make an offer on this home- I have shown it many times and know it well. This is the prime opportunity in Incline’s luxury end of the market, especially if you can get in for about $500 per sq ft and have the powerline in front buried (this can be done but has been a big issue for many). This is a short walk to Burnt Cedar Beach and would be a fantastic vacation home and/or rental with 6 bedroom suites. One listing at 600 Village is new under contract and 6 homes are in contract currently, along with 4 PUD’s in contract and 4 Condos in contract. Keep an eye on 527 Sugarpine and 121 Rubicon sales prices, and let me know if you want to make a back-up offer on either, as the sales are not yet final! This past week, 4 listings sold- 2 homes, a condo and a PUD, see below for details.

Homes:
1535 Debra Lane $4.6M- A grand, Tahoe style home with log accents with shared lake frontage, pier, sandy beach and boat buoy. This 4,600 sq ft home was built in 2001 with 3 beds, 3.5 baths and 3 car garage on .577 acres.
114 Vue Court $1,349,000- A nicely remodeled home on a creek with lake views in Ponderosa. With 3,959 sq ft living area, this is a great buy with 6 bedrooms, 4 baths and a huge game room- great vacation rental.
579 Douglas Court $699,000- Just re-listed, this 3 bedroom 2 bath home has peeks of the Lake and mountains and is remodeled- a nice option in this price range, look to negotiate on price.

Condos:
870 Southwood, Southwood Ct #7 $229,000- For bargain hunters, this is a bank-owned property with 2 bedrooms, 1.5 baths low elevation, you can walk to the beaches.

New Sales:
960 Garen listed at $698,000 sold for $590,000- nicely remodeled
521 Sugarpine listed at $599,000 sold for $530,000 (my buyers)- in the neighborhood of $3M+ homes
824 Northwood listed at $725,000 sold for $675,000- new construction
144 Village- McCloud #88 listed at $549,000 sold for $530,000 - across from Incline BeachPlease contact me if you would like to see these or any other great buys over the Holidays- I am available and know the negotiating points on many of the best buys on the market. I am proud to have just represented buyers in the sale at 521 Sugarpine, getting nearly $70,000 trimmed off the already very reduced asking price on a 3 story remodeled home on 3/4 of an acre in desirable Ponderosa neighborhood. Let me negotiate your sale, and benefit from my insight and skill and being strong without overbearing, it is the best way to get your price and get the seller on board.

Incline Village Real Estate Summary:
19 new listings came onto the Incline Village and Crystal Bay market in the past two weeks, including 8 homes, 2 PUD’s, 8 condos and 1 commercial listing. There were 23 price changes, 3 new properties in escrow including 928 Dorcey listed at $595,000, 121 Rubicon listed at $1,495,000- an amazing buy, and 88 Shoreline Circle listed at $2,695,000- a quiet location across from the Lake. There are 17 properties in contract currently and 6 sales have closed in the past two weeks.

Homes:
748 Lakeshore- rebuilt, across from beach
648 Martis Peak- Tahoe Lodge style, close to beach
794 Tyner- Rodman built w/ lakeviews
1396 Tirol- close to Diamond Peak w/ mountain views
580 Sugarpine- nicely redone Serendipity style priced to sell
615 Country Club- bank owned, newer home on a creek over 4,000 sf
489 Fairview- lake views, over 4,600 sf on Eastern Slope
387 Second Tee- filtered lake views, over 5,000 sf on Eastern Slope

PUD’s:
1336 Tirol- low priced Tyrolian Village
289 Deer Court- newer, gated community, low elevation

Condos:
702 College- Incline Crest #76
475 Lakeshore- Crystal Bay Cove #32 lakefront
455 Lakeshore- Crystal Towers #4
400 Fairview- Bitterbrush #114
400 Fairview- Bitterbrush #99
924 Wendy Lane- Low Elevation
209 Robin- unit in 4-plex low elevation
933 Northwood- The Pointe #14

Commercial: 204 Enterprise 
923 Tahoe Blvd- US Bank building

New Sales:
866 Northwood #4 listed at $319k sold for $250k
330 Ski Way #10 listed at $384,500 sold for $365k
223 Robin Drive listed at $549k sold for $525k
521 Sugarpine Drive listed at $599k sold for $530k (I represented the buyers)
325 Alder Court listed at $799k sold for $750k
573 Poco Court listed at $1,795k sold for $1,440k

Please contact me if you would like to see these or any other great buys over the Holidays- I am available to help you!

HGTV’s “My House is Worth What?” Incline Village Air Dates
Sunday Nov. 30
Monday Dec. 22
Saturday Dec. 27
Reruns will air regularly- check your cable/satellite guide for local air times.

Apollo home remodel episode air times
Woodridge Circle episode air times

Showing homes and sharing her vast Tahoe housing market expertise is all in a day’s work for real estate agent Lexi Cerretti. Not surprisingly, the producers of HGTV’s “My House is Worth What?” deemed her the perfect person to appear on a soon-to-be-aired episode shot in Incline Village.

Two episodes were filmed last April, both airing and rerunning regularly this fall and winter.

The home of InclineVillage couple, Ross and Sarah McMahan, who recently put in a large master addition over their garage, was featured on the first of two episodes that Cerretti worked on.
“Filming was really fun,” Cerretti said. “In all, I loved working with the crew and it was really fun for me to showcase my expertise in helping homeowners make the most of their most prized possession – their home.”

According to Pie Town Productions segment producer Holly Schwartz, each episode involves plenty of research and scouting.

“We are looking for real estate experts who have a strong presence and knowledge of their market,” Schwartz said. “They should be confident judging homes and letting homeowners know the expected return on investment. On top of that they have to have good communication skills and lots of energy.”

Cerretti said she learned a great deal about the in and outs of television while filming the Incline Village episodes.

“A lot goes into filming,” she said. “I had to have all the data in mind as I put on my TV personality; exaggerating gestures and really hitting home the pluses and minuses of each room.” Cerretti studied reports on actual remodels done in the Incline area and how they influenced the market value.

“It was really time consuming, but nice to see that the HGTV producers want real data to support the values and gave credence to what improvements really do add the most to a home. My husband is a home builder, and I have learned the in’s and out’s of remodeling from our own homes.” Cerretti said.

A second episode featuring a larger home on Woodridge Circle will air next Tuesday, Oct 21- check with your provider for times.

View the article in Sunday’s Bonanza on “Lessons of Real Estate” HGTV episode.