Incline Village Real Estate Blog

Activity is picking up in the Incline Village real estate market. Property showings have jumped, and buyers are picking up some of the best listings at the right prices. In the past week, 6 new listings came onto the market in Incline Village and Crystal Bay. There have been 18 price changes- 16 reductions and 2 price increases, 9 new escrows, and 6 new sales. There are 49 properties currently in escrow ranging in price from $90,000 to $12MM, with 347 active listings.

6 New Listings
931 Incline Way #241 McCloud

321 Ski Way #163 Mountain Shadows

862 Jeffrey St

130 Mayhew Cir

545 Country Club

515 Gonowabie Rd

18 Price Changes

16 Price Reductions and 2 Price Increases

New Incline Village Sales

6 New Sales

915 Incline Way sold sold for $350,000

931 Incline Way- McCloud sold for $350,000

840 Jennifer St sold for $775,000

101 Red Cedar Rd sold for $917,000

898 Lake Country Estates sold for $1,165,000

300 Glen Way #4- The Reserve sold for $1,020,000

New Properties in Escrow

9 new properties under contract

870 Southwood Blvd- Soutwood Court $154,900

699 Hogan Ct- short sale $299,000

788 Geraldine $394,000

144 Village Blvd- McCloud $399,000

820 Oriole Way- Royal Pines short sale $449,000

340 State Rt 28 $595,000

1069 Mill Creek $699,000

101 Red Cedar $985,000

465 Eagle $2,995,000

In the past two weeks, 30 new listings have come onto the market in Incline Village. There have also been 28 price changes (all except 1 were reductions), 11 new escrows, and 3 new sales. There are 50 properties  in escrow, ranging in price from $399K to $12M, and 360 active listings. Activity has picked up with increased showings following our busy President’s Day weekend, and new listings will likely continue increase into spring.

Notable New Listings

971 Fairway- $379K- Wow! 3 bedrooms and 1,584 sq ft living on the Championship Golf Course

1000 Lakeshore- $389K- Location, just across fromt he Hyatt and Incline Beach

562 Antler $499K- Nice 3 bedroom home in Lower Tyner

1064 Mill Creek $675K- Great 3 bedroom opportunity in Mill Creek

999 Lakeshore $1.250M- 3 bedroom Lakefront with buoy near front of complex

933 Northwood, The Pointe $1.325M- Lowest priced unit at The Pointe with lake views, comparable in price to my recent sale for a penthouse unit

1655 Pine Cone Circle | 1665 Pine Cone Circle- 2 lakefronts on a desirable Incline neighborhood with 2 notable sales in 2009

587 Lakeshore | 585 Lakeshore | 573 Lakeshore- The former “Trepp Estate” is offered as individual properties- the caretakers home and vacant lot with shared pier access is now in escrow, while the 6,000 sq ft+ main home and guest home are now listed separately with shared pier access, acres of gorgeous landscaping with ponds, ornamental trees, gorgeous annuals and perennial beds. The main home feaures an outdoor pool and guest quarters over the garage.

Notable New Escrows

807 Alder – $179K- moved from my Best Buy list to contingent, this 2 bedroom condo is located in Woodstock featuring a clubhouse and central location, a great buy.

New Sales
996 Wedge Court- Sold for $1.861M, dramatic Tahoe architecture and high end, custom finishes- a very good buy for this 5,742 sq ft home near the golf course

1084 Lucerne Way- Sold for $657K

997 Dorcey Drive- Sold for $500K

20 new listings

12 price changes- 11 price drops, 1 price increase

8 new sales

4 new escrows

New Sales
Notable sales include 936 Lakeshore, a nicely redone 5,130 sq ft home with 5 bedrooms and 4 car garage listed at $3.1M, sold for $2.75M or $536 per sq. ft. One of the best buys in the past year just closed- a 3,723 sq. ft. home just 10 years old, beautifully landscaped and a stone’s throw from Lakeshore  at 112 Steam Circle just closed at $1.3M, an incredible $349 per sq. ft. for this steal. This home was listed at $1.649M- I have shown several clients this home in the past year and happy to have helped connect these lucky buyers through my website- congratulations on a great purchase!

New Escrows
One hot new escrow includes an Incline Creek Estate short sale at 845 Rosewood listed at only $845,000! This property just went into escrow with one of our Intero agents, a gorgeous 2,700 sq. ft. smart home built in 2006 with all the high end features such as hydronic heat and home management system in a gated community.

New Listings
For anyone shopping in the below $200K category, you need to see the new listing at 807 Alder in Woodstock, a nice complex with clubhouse centrally located, with nearly 1000 sq ft now listed at $179K. A new listing at 1000 Lakeshore at $675K is a great buy- beautifully remodelled across from the Hyatt. A great building opportunity at 1120 Lakeshore was just listed at a bargain $750,000! Contact me for more details- plans available for 4 bedroom home, but livable quaint cottage in the meantime.

Price Changes
Incline’s only former bed and breakfast was just reduced to $899,000- a great buy for this remodeled 6 bedroom, 6 bath home at 593 Dyer Circle.

Just listed $4.9M- 336 5th Green Ct is a magnificent home built in 2006 boasting nearly 9,500 sq ft living space. At about $500 per sq ft, this is priced well below replacement cost and is in a premiere location on the 5th Green of the Championship Golf Course, a masterpiece designed by Robert Trent Jones Sr.

The home features grand spaces for entertaining in the great room, entertainment room with 19′ sports bar, separate circle bar, home theater with cozy fireplace and wine cellar. The living quarters are more intimately scaled, 5 bedrooms all en-suite with full baths, 2 additional powder rooms and the home features 11 fireplaces for snowy Tahoe winters! Relax in the outdoor spa and enjoy cooking al fresco with 2 outdoor cooking areas.

There is a 6 car tandem garage featuring copious storage, and a full butlers kitchen and separate pantry make entertaining a breeze. The owners attention to detail is apparent in the custom knotty alder cabinetry, wainscoting, beam wraps and elegant finish work. The combination of natural stone on the exterior, hearths, floor tile and gorgeous granite counters with the top of line stainless appliances complete the package.

The home is completely wired for A/V and Smart Home Technology. The lighting system is Lutron and triple pane Pella windows with interior blinds adorn the home. This state-of-the-art, functionally designed home is truly awe inspiring and is listed at a fraction of the price of other listings of this scale and size, in a wonderful golf course setting.

The home is priced at $4,900,000 and has been reduced a total of $4 Million since it was first listed in October of 2007. This is a potential short sale, and is a wonderful opportunity to own a classic Tahoe estate home.

Showings are accompanied, please call me and I would be happy to give you a tour of the home!

715 Joyce Lane in Incline Village is now on the market for $750,000. This is a neighborhood of $2- $3 Million homes just a short walk to Burnt Cedar Beach and one block from Lakeshore Boulevard. For anyone wanting an opportunity to build or remodel in this neighborhood, this is your chance! It is not listed in the Incline Village MLS, but is actively listed by a Reno agent. Please contact me to see the home, and I would be happy to have a contractor look at the home with you to give you ideas and costs to remodel or build.