“Best Buy” by the Lake

121 Rubicon Peak has been all the “buzz” recently, as it was just reduced to $1,495,000 before going into escrow. The home was originally listed at $2,895,000 in August of 2007 and has now been discounted almost 50%. This is absolutely the best buy I have seen in Lakeview Subdivision in terms of quality construction, location so close to the beaches yet off of busy Lakeshore Blvd. so close to Lake Tahoe, and with a beautifully landscaped lot in this desirable neighborhood. At $313 per sq ft, this would be the lowest price per sq ft home to sell in 2008 in Lakeview or Millcreek Subdvisions, aside from a $500k tear down on Tramway that backs to Tahoe Blvd.

The 4,779 sq ft home features 6 bedrooms, 2 additional 2 bonus rooms, a family room and a loft, 4.5 bathrooms and a 3 car garage. It is on a gorgeous, fully fenced landscaped lot just one block from Lakeshore. The current owners have put about $500,000 in upgrades into the home, and it is in top condition with updated kitchen and bathrooms. Two homes in the immediate area recently sold as “tear downs” across the street at 118 Rubicon and around the corner at 880 Freels. Both lots are being built on currently, with asking prices of $3.5 and $3.7 million for similar square footage!” Here is the MLS link.

If you are interested in being a partner as a vacation home with potential to generate significant rental income (conservatively $55k the first year before fees), please let me know. Here is the link to more info. Please contact me by Sunday if you are interested 833-1646 or mail@buytahoehomes.com.