Incline Village Real Estate Blog

There have been 18 new listings in Incline Village since Oct. 1 and 10 under contract ranging in price from $549k to $3M. Some of these are great opportunities and have been added to the “Best Home Buys” list broken down by price range.

3 homes sales have closed so far this month including 898 Tyner listed at $1.795M and sold for $1.5M, 324 Wassou listed at $1.295M sold for $1.19M, and 915 Jennifer listed at $1.05M and sold for $850k (bank owned).

8 listings have expired in October yet inventory is holding strong with a total of 271 current active single family listings.

View all 18 Incline Village homes listed in October, 2008, home details and virtual tour links are featured below.

Some notable new listings include 542 Silvertip listed at $620k in desirable Ponderosa neighborhood with low elevation, filtered lake views, 3 bedrooms and nearly 2,000 sq ft living area on a relatively level lot.

562 Antler Ct also features 3 bedrooms with 1,208 sq ft on a nice cul de sac, remodeled with a nice yard for $649,000.

1093 Mill Creek listed at $888k is a potential remodel or rebuild in a great Millcreek neighborhood location.

With over 3,000 sq ft living area, 522 McDonald is a nice low elevation opportunity on a .41 acre lot with 4 bedrooms and 4.5 baths.

1079 Flume is a 3 bedroom, 2 bath updated ranch listed at $1.25M, nicely redone with high end kitchen, espresso wood flooring, and lovely designer details inside and out.

578 Valley $1.3M is a 4 bedroom, 4 bath lake view home built in 1987 with 2,824 sq ft living area- nicely updated inside with deck and hot tub.

485 Gonowabie $1.5675M is an opportunity to renovate across from the shore in Crystal Bay- a wonderful protected coast with views of the East Shore and Incline Village. The home features panoramic lake views with permitted plans for a garage, studio and elevator.

891 South Dyer $1.595M is wonderfully remodeled on a level lot featuring, attached 2 car garage, 4 bedrooms and 3 baths with sunny exposure and just over 3,000 sq ft living area.

637 Woodridge $1.6M is a 4 bedroom, 4 bath home on nearly 1/2 acre with 3,678 sq ft living area and 3 car attached garage featuring an open floor plan in low elevation Ponderosa neighborhood.

1000 Apollo $1.675M is a 3 bedroom, 3 bath timber frame home built in 2000. With exquisite craftsmanship backing to hundreds of acres of forest service, this home is a true mountain retreat.

968 Mica Court is a custom home built in 2005 featuring 5 bedrooms and 3,363 sq ft living area with great lake views on an Eastern Slope cul de sac with underground power. A gorgeous home at a new, more attractive price of $1.795M.

746 Eagle Drive $1.995M is a lake view home built in 2002 on the Eastern Slope that backs to a year round stream. With 3 bedrooms and 3,200 sq ft this home features handsome detail, a gourmet kitchen and wonderful setting backing to forest service.

1050 Lakeshore Blvd $2.150M is a walk to Incline Beach. Built in 1991 with 4 bedrooms and 2,555 sq ft living area, the home boasts lovely landscaping and mature trees. An opportunity to remodel on prestigious Lakeshore Blvd.

1560 Vivian $2.150M great opportunity to own shared beach access with pier and boat buoy on the shore side of Lakeshore Blvd. This 3 bedrooms 3 bath home on .688 acres has 2,082 sq ft and a detached studio apartment over the garage with plans for a large home.

547 Silvertip $2.495M 4 bedroom, 4 bath panoramic lake view home with 3,202 sq ft living area in low elevation Ponderosa remodeled in 2004 with log and cedar accents- lovely setting and detail.

551 Silvertip newly priced at $4.2M with over 7,400 sq ft living area and panoramic lake views in low elevation Ponderosa neighborhood. 5 bedrooms, 5 baths and 3 car attached garage with fine finishes- a true Tahoe retreat!

453 Lakeshore $5.85M lakefront home with 200′ lake frontage and pier with adjacent lot available (see below). Prime lake front opportunity.

451 Lakeshore $7.5M is a 2.3 acre lot adjacent to 453 Lakeshore with 20,000 approved TRPA coverage listed at $7.5M with 794′ lake frontage.

August 14-25 New Market Activity
16 new single family homes were listed in Incline Village since August 14, along with 7 condos and 5 townhomes. There are 22 pending sales including 11 homes, 4 town homes and 7 condos. 9 sales closed (1 home, 2 town homes, 4 condos, 1 lot and 1 investment property) and there were 39 price changes!

803 McCourry is one of the lowest priced homes in Incline, and on a .413 acre lot. 929 Dorcey is nicely remodeled with southern exposure and 921 Michael is newer construction on a great cul-de-sac. 864 Ophir Peak is just 2 blocks from Lakeshore, nice location. 678 14th Green was just re-listed, newer construction near the golf course. 568 Putter has great development potential with 6814 sq ft coverage and 300+ ft on the Championship Golf Course! 449 Fairview is a good buy for lake views on the Eastern Slope, in nice condition- similar sales in this price range and location support it.

821 Golfers Pass is newer construction close to the Mtn. Course, while 573 Tyner has lovely lake and mtn views. 585 Ponderosa is new construction, close to the lake and low elevation, while 721 Cristina has a nice yard adjacent to forest service. 460 Tuscarora is a great buy for new construction, panoramic lake views and 6,040 sq ft! Radiant heat, smart home mngt, two lawn terraces on a cul-de-sac. Inquire about getting IVGID privileges by purchasing a non-buildable Incline lot.

For more bargains, view my Incline Village Best Buys.

Incline Village Homes for Sale
803 McCoury $499,000 low price!
929 Dorcey $797,000 
433 Winding Way $799,000
327 Winding Way $950,000
921 Michael $998,000
864 Ophir Peak $1,150,000
678 14th Green $1,210,000
568 Putter $1,295,000 golf course building opportunity!
547 Lantern $1,300,000
449 Fairview $1,395,000
821 Golfers Pass $1,395,000
573 Tyner Way $1,795,000
585 Ponderosa $2,350,000
721 Cristina $2,950,000
460 Tuscarora $2,950,000
439 Driver $3,499,000

Incline Village Town Homes for Sale
722 College, Incline Crest #99 $337,000
599 Crest Lane, Incline Crest #19 $419,995
1367 Tirol Dr. $599,000
1401 Tirol Dr. $1,075,000
101 Red Cedar #13 $1,425,000

Incline Village Condos for Sale
872 Tanager, Pinebrook #49 $229,500
807 Alder, All Seasons #5 $319,000
333 Ski Way, Ski Way Ridge #259 $329,000
215 Lark Ct #3 $579,000
120 Juanita Dr, Northshore Estates #3 $849,000
929 Northwood Blvd, Third Creek #118 $1,045,000
400 Fairview, Bitterbrush #69 $1,045,000

Note that none of the listings above are my own, unless specifically stated. I know the market well and represent buyers in property sales. All information is provided by Incline Village MLS, data is deemed reliable but not guaranteed.

The reality of the home sales market is that 95% of mortgage payers pay on time and that 4 million homes of the 120 million homes owned in the US are at risk or foreclosure- that is 3%. Currently, 2% of US houses are in foreclosure, primarily in California, Florida, Nevada and Arizona. This would leave 1% of additional homes at risk of foreclosure. Since the bulk of the short term, low rate loans were issued between 2000 to 2004 for 3-5 year terms, the ramifications of increased rates should be realized for the majority of these loans by 2009.

Watch this visual breakdown of what portion of homeowners are actually in trouble in this Dennis Kneale Housing Crisis video from CNBC.com.

 Mortgage rates are also beginning to rise, and predicted to increase to 6.5% for a 30 year fixed conforming loan by the end of 2008, according to NAR. It seems as though buyers are starting to dip their toes back into the waters in some markets, as pending home sales rose 5.3% in June.

“Sales gains have been consistently strong in recent months in Sacramento, Calif.; Las Vegas; and Ft. Myers, Fla., where affordability conditions have greatly improved.  The pickup in contract signings appears to be broadening with many affordable markets in mid-America now showing year-over-year gains, including Columbus, Ohio; Charleston, W.V.; Oklahoma City; and Colorado Springs, Colo. Pending sales have fallen significantly in Texas markets and in the Pacific Northwest - two regions with very strong local economies.” Read more from NAR’s August report ending Home Sales Rise.

In talking with Bay Area real estate agents, news is that buyer activity has picked up recently. The second home market in Tahoe will likely lag behind the pickup in sales in California’s desirable Bay Area communities, but the large inventory and falling home prices are likely to peak buyer interest soon.

August 2-13 New Market Activity
10 new single family homes were listed in Incline Village since August 2, along with 6 condos. There are 23 pending sales including 9 homes, 5 town homes, 7 condos, 1 lot and 1 investment property. 4 sales closed (2 homes, 1 town home and 1 condo) and there were 32 price changes!

Two fantastic new listings in Lakeview Subdivision, both priced just under $1.5M are new to the market. Both located on Ophir Peak just 2 blocks from Lakeshore Blvd. and walking distance to both beaches, these homes are newer construction both with great features. 842 Ophir Peak is located on a creek with a great layout and 3 car garage. 834 Ophir Peak features 4,331 sq ft on nearly 1/2 acre and an open feel- this would be a great remodel!

Other great buys include a new listing at Third Creek priced way below market at $664,900, and see Bitterbrush #58 for spectacular lake views under $500k! 275 Deer Court is a notable town home with gorgeous landscaped grounds in a desirable association. For more bargains, view my Incline Village Best Buys.

Incline Village Homes for Sale
500 Pahute $675,000
145 Selby $970,000
119 Tramway $1,095,000
541 Skylake $1,350,000
842 Ophir Peak $1,490,000- hurry, an offer was made on Tuesday!
834 Ophir Peak $1,495,000
571 Putter $2,750,000
988 Tyner Way $3,050,000
300 North Lake Circle $6,750,000
570 Gonowabie $13,500,000

Incline Village Town Home for Sale
275 Deer Court $1,320,000

Incline Village Condos for Sale
321 Ski Way- Mt. Shadows Unit #84 $439,000
400 Fairview- Bitterbrush Unit #58 $485,000
688 Wilson Way Unit #4 $540,000
908 Harold- Fairway Pines Unit #21 $575,000
120 Country Club- Village at Incline Unit #58 $659,000
929 Northwood- Third Creek Unit #48 $664,900

Note that none of the listings above are my own, unless specifically stated. I am very familiar with the market and do represent buyers in property sales. All information is provided by Incline Village MLS, data is deemed reliable but not guaranteed.

We’ve seen a wide variety in listings this week, and I am intrigued by the pricing along with some hard to find features. Just listed- a newer creekside home in Lakeview Sub., and two golf course area listings with quality newer construction and creekside settings. These are the types of home I get excited about sharing with my buyers!

Overview- 12 new single family homes were listed in Incline Village this past week, along with 3 townhomes, 6 condos, and 1 lot. There were 6 new escrows last week including one Shari Chase lakefront listing on the East Shore, 4 sales closed (3 homes, 1 condo) and there were 34 price changes, lots of price reductions!

View this week’s open house schedule for Incline Village, too!

New Single Family Homes:
Some great buys this week. The 4 bedroom home on Garen is nicely updated for the low price of $479k, and the new listing at 910 Harold is on the Championship Golf Course- a great buy for $599! 842 Ophir Peak really catches my eye- this newer construction home has a great layout and is on a year round creek in Lakeview Subdivision, just off of Lakeshore. I would compare it to Country Club Villas in the $1M-$1.2M range or the townhome listed at 779 Freels at $1.295, except you are getting a single family even closer to the beach!

If you want lake views, 809 Jeffrey has them, and 645 14th Green and 615 Country Club are two large, newer construction homes near the golf course and on creekside settings. 831 Lakeshore is a good buy for lakefront, with just under 4,000 sq ft living area, and 650 Lakeshore is a grand, custom home very close to Burnt Cedar Beach with beautiful custom detail!

(Note- click on a link to a listing, and virtual tour links are shown below the description, where available)
954 Garen $479,000 Wow- Low Price! 4 beds, 2 baths, 1,656 sq ft
910 Harold $599,000 Golf Course, 3 beds, 1.5 baths, 1,576 sq ft
561 North Dyer $849,000 Central Location, 3 beds, 3 baths, 2,916 sq ft
130 Mayhew $975,000 Millcreek, 3 beds, 2 baths, 1,508 sq ft
842 Ophir Peak $1,490,000 Lakeview Sub on Creek, Newer Home! 3 beds, 3.5 baths, 2,606 sq ft
809 Jeffrey $1,795,000 Panoramic Lake Views, 5 beds, 4.5 baths, 4,524 sq ft
615 Country Club $1,799,000 Newer on Golf Course, 5 beds, 3 baths, 2 lavs, 4,056 sq ft
645 14th Green $1,875,000 Gorgeous Setting, 5 beds, 3 baths, 2 lavs, 4,564 sq ft
88 Shoreline Circle $2,695,000 Off of Lakeshore, 4 beds, 3.5 baths, 4,496 sq ft
580 Ponderosa $3,750,000 New Home, 5 beds, 4.5 baths, 4,570 sq ft
831 Lakeshore $4,299,999 Lakefront, 5 beds, 5 baths, 3,951 sq ft
650 Lakeshore $4,850,000 New Custom Home, 4 beds, 3.5 baths, 4,620 sq ft

New Condos, Townhomes, Lots:
6 New Condos-
999 Lakeshore $1,175,000
Village Highlands $1,125,000
Wolden Woods $950,000
Royal Pines $599,000
Coeur du Lac $545,000
Pinebrook $149,500

4 Townhomes-
775 Freels $1,295,000
1084 Lucerne $1,150,000
978 Glenrock $479,000
702 College $339,000

1 New Lake View Lot-
584 Amagosa, Crystal Bay $495,000

Note that all listings posted are couresty of Incline Village MLS, and no listings are my own unless specifically stated.