Incline Village Real Estate Blog

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.

Think of Tahoe in the summer time with family cookouts by the lake, going out to your boat for early morning wakeboarding right in front of your own beach, strolling out to the Hyatt Pier & Bar for a cocktail to watch the yachts come and go. There are two 999 Lakeshore units available- these are adjacent to the Hyatt and have their own beach right next to the Hyatt Pier.

There is one condo being offered for $935,000. Unit #5 has bedrooms with a sleeping loft and 3 bathrooms. The complex shares a private beach with boat buoy’s available! The head of the HOA is a really nice guy- my husband has remodeled some of the units which are redone beautifully with updated kitchens, baths and living areas.

Unit # 31 just sold today, closing at $1,100,000 and #35 sold in April for $1,104,000. The only two sales below $1M in recent years were two sales in 2005- one at $880k and another at $957k.

If you could get into the complex in the upper $800k’s, it would be a great buy, in my opinion, as you usually can’t touch lakefront for less than $1M in Incline Village.

Here is the virtual tour for unit #5 $935K

Here is the virtual tour for unit #33 $1,119,000 also on the market- look at these photos as they show the beach and the exterior of the complex.

Please call me to see these- I would love to show you the amenities and negotiate the terms for your lakefront getaway!

View my latest picks for “best home buys” in Incline Village with links to real estate listing info and virtual tours.

SINGLE FAMILY HOMES

New Listings
Seven new single family homes were listed in the past week, ranging in price from $577,000 to $8,995,000.

788 Geraldine Dr $577,000 Built in 1979 with 3 bedrooms, 2 baths, 1,830 sq ft home on .178 acres with a peak of the lake.

687 Bridger Ct $685,000 Also built in 1979 with 3 bedrooms, 2.5 baths, 1,536 sq ft on .212 acres with 2 car attached garage and mountain views.

932 Dorcey Dr $759,000 Built in 1988 with 3 bedrooms, 2.5 baths, 1,832 sq ft on .177 acres with a 2 car garage and mountain views.

823 Ophir Peak Rd $1,450,000 Built in 1973 with 3 bedrooms, 2 baths, 1,738 sq ft on .455 acres with 2 car attached garage in Lakeview Subdivision.

361 Country Club Dr $1,650,000 Built in 1981 with 4 bedrooms, 3 baths, 3,008 sq ft on .539 acres with 2 car attached garage with golf course and mountain views.

514 Gonowabie $4,850,000 Built in 1974 with 3 bedrooms, 2 baths, 1,827 sq ft on .33 acres with panoramic lake views in Crystal Bay.

865 Lakeshore Blvd $8,995,000 Built in 1966 with 6 bedrooms, 6 baths, 2 partial baths, heated driveway, 7,797 sq ft on .82 acres and 100′+/- lakefront and 2 buoys.

Price Reductions
640 Martis Peak- reduced again! $895,525- Lake View Sub. best buy, walk to the beach from my neighborhood.

61 Somers Loop- redued nearly $10 million (yes, that’s correct) to $29,900,000- 12 acre landmark parcel with home and 1,787 Lake Tahoe frontage with pier and boat house. 5 parcels. Bring 5 buyers in and average price could be less than $6M per parcel.

Just Sold
623 Tyner is a new construction 2006, 5 bedroom 5.5 bath home originally listed at $2,890,000 in May of 2006, reduced to $2,575,000 and sold at $2,275,000. At 6,795 sq ft this sales price equates to $335 per sq ft. This is a prime example of a fantastic buying opportunity, as a buyer purchased this for less than it would cost them to build a new home. Factoring in lot value and time on the market, the builder most likely lost money on this home as I would expect building costs to be in the neighborhood of at least $350 per sq foot.

Contact me for a breakdown of cost per sq ft new construction in Incline Village to find the other great buys on the market right now.

In Escrow
View all homes currently in escrow
240 Northlake Dr $3,350,000- lakefront Crystal Bay with buoy and shared pier
473 Eagle $2,795,000 panoramic lake view home nicely remodeled on the Eastern Slope
898 Tyner $1,995,000 architectural landmark home with panoramic lake and mountain views
1077 Sawmill $1,699,999 wonderfully remodeled 4 bedroom home in Millcreek- really attractive home with wonderful yard
919 Driver Way $1,295,000 great opportunity to build on the Championship Golf Course with 121′ frontage
868 Donna $799,000 nicely remodeled ranch home in the Woods that has been on the market for a long time- it will be interesting to see the sales price!
984 Galaxy Way $559,900 great bank owned opportunity, nicely remodeled on a lovely lot with a peak of the lake. Just in- selling price of $566,000- one of the best home buys so far this year!

CONDOS

New Listings
Four new condos were listed this past week, ranging in price from $499,900 to $699,000.

830 Oriole Way, White Pines #16 $499,900 Built in 1980 with 4 bedrooms, 3.5 baths in 1,752 sq ft living space and attached 2 car garage in low elevation- lowest priced 4 bedroom condo in Incline!

830 Oriole Way, White Pines #58 $495,000 Built in 1974 with 4 bedrooms, 3 baths in 1,752 sq ft end unit with attached 2 car garage-  with studio apt, a great buy.

136 Juanita, Coeur Du Lac #51 $635,000 Built in 1974 with 3 bedrooms, 2 baths and 1,200 sq ft living area, this complex has undergone new siding (assessment paid) and is a short stroll to the beach- great vacation rental.

929 Northwood Blvd, Third Creek #46 $698,000 Built in 1982 with 2 bedrooms, 2-1/2 baths in 1,392 sq ft living area and one car detached garage is in a great location by the Championship Golf Course.

In Escrow
View all condos currently in escrow
321 Ski Way, Mountain Shadows #33- close to skiing $329,000
801 Northwood, Incline Manor- nicely remodeled #7 $348,900
120 Country Club, CC Mall- lowest priced in complex #3 $375,000
978 Glenrock #5- close to golfing with pool $380,000
865 Peepsight, Foursome- fronts golf course #3 $399,995
144 Village, McCloud #49- walk to beach $549,000
999 Lakeshore #31- beachfront complex $1,275,000
120 State Rt 28, Stillwater Cove- lakefront with pier $1,790,000

Sold
141 Village, Village Highlands #16 listed at $1,195,000 sold for $1,120,000
929 Northwood, Third Creek #143 listed at $698,000 sold for $675,000

FREESTANDING TOWNHOMES (PUD’s)

New Listings
1511 Tirol Drive $699,000 4 bedroom, 2 baths built in 1980 with 1,890 sf and panoramic lake views- remodeled!

1081 Lucerne #155 $740,000 4 bedroom, 3-1/2 baths built in 1980 with 1,934 sq ft living area with filtered lake views.

1437 Tirol $1,600,000 5 bedroom, 4-1/2 baths built in 1980 with 4,634 sq ft and panoramic lake views!

In Escrow
View all PUD’s currently in escrow
838 Rosewood #12, Incline Creek Estates
198 Country Club #33, Country Club Villas
747 Pinion Pine #57
1119 Altdorf Terrace

Sold
868 Rosewood, Incline Creek Estates #5 listed for $1,350,00 and sold for the asking price!

Incline Creek Estates is an Intero development, Tahoe style 4 bedroom townhomes in a gated complex. 14 units have sold, 1 is in escrow, and 8 units are currently on the market- view all Incline Creek Estates for sale.

Single Family Homes
Five new single family homes were listed this past week, ranging in price from $749,000 to $2,495,000.

308 Winding Way $749,000
Three bedroom, 2.5 bath, 2,102 sf home on .454 acres has a nice setting with manicured lawn in front and deck in back. This is very close to Preston Field with access to playgrounds and ballfields. Remodel or rebuild potential is good for this 1965 home in this great, low elevation neighborhood.

658 Tumbleweed Cir $1,050,000
Four bedroom, 3.5 bath, 2,800 sf home on .24 acre with filtered lake views in the upper elevation has large decks, open layout with vaulted ceilings with hardwood floors, remodeled kitchen with granite and stainless appliances, river rock fireplace and nice master suite. Nicely detailed home for this price range.

704 Golfers Pass
Four bedroom, 2.5 bath, 2,729 sf home on .238 acres on the Mountain Golf Course. Built in 1981, this home has vaulted ceilings and handsome stone fireplace. Exposed dark-stained beams could be sanded and wood paneling removed for an easy update to the home. With 3 decks, a sauna and open layout, this is a nice option in this price range, on the golf course!

864 Lakeshore- relisted $2,252,250
This home has been on the market since 5/25/07 with the initial price of $2,650,000.  This 4 bedroom, 3 bath home on .42 acres and is nicely set back from the road. It is the lowest priced Lakeshore Dr home, and has potential with an open layout- possibly enclosing the loft style master bedroom, updating the bathrooms, and opening up the pass through to the kitchen. Virtual Tour

659 Cristina Dr $2,495,000
Four bedroom, 4.5 bath, 3,328 sf home with panoramic lake views on .375 acres. Featuring a guest house with kitchen, bedroom and bath and located on a year round creek. This home has vaulted ceilings, knotty alder, stone and copper accents. It was listed by the owner/agent at $3,295,000 last Sept., listed 9/10/08, reduced to $2,795,000 promptly on 9/13/07, then withdrawn 11/30/07.  It just came back onto the market at $2,495,000 07/08/08. Views galore and now at a lower price!

Lakeshore Blvd. Homes
View 18 homes currently for sale from Lakeshore Drive to the Incline Village lakefront. This includes Pine Cone Circle, Vivian, Deborah and Shoreline Circle. Note 1690 Pine Cone Circle $1,995,000 is the least expensive home with shared lakefront access to a private beach, pier and boat buoy. This single level 1,813 sf home with attached garage could be rebuilt into a 4,000 sf+ home in the same footprint. This home just sold one year ago June 8, 2007 for $1,725,000.

Lakefront Homes (Nevada side of Lake Tahoe)
View 25 Tahoe Lakefront Homes ranging in price from $1,995,000 to $100,000,000 (yes, that is the correct # of zero’s). 16 listings are priced under $10M, 5 under $20M, and 5 over $20M.
Note that 585 Lakeshore $47M in Incline Village is 4 parcels with 3 residences (and astonishing grounds) on 8.75 acres with a pier. This is the old Warren Trepp Estate, now owned by the Walsh’s, a truly lovely couple who are relocating to the Minden area to raise Friesian horses. I know they are also adventuresome sailors (my background!) My husband helped build these homes that are spacious, yet fit right into the landscape. Walking through these grounds with an in-ground pool, reflecting ponds, azaleas, rhododendron, annuals, and a range of early blooming peonies to late summer foliage brings me back to Thuya gardens in Northeast Harbor Maine. This is a special place that you would not know exists behind the handsome gates at the west end of Lakeshore Blvd. Priced just over $10M per parcel, four parties could collaborate on this one of a kind ownership opportunity. I want to assist you in the purchase of this estate, and have the resources and negotiating skills to represent your position.

Condominiums
Nine new condos were listed in the past week, ranging in price from $288,000 to $865,000.
#84 Woodstock $288k- a great buy and lovely 2 bedroom end unit- call me to show you this one! (I represented buyers in a sale of a similar unit in All Seasons this spring at $327k)
335 Cottonwood $395k 2 bedrooms and great back yard
#132 Mountain Shadows $460k 3 bedrooms
#90 McCloud 2 bedrooms $575k and #17 McCloud $578k 2 bedrooms close to the beach
#52 Village at Incline $619k 2 bedrooms near the Hyatt
#211 Bitterbrush $660k 2 bedrooms and #63 Bitterbrush $739k 3 bedrooms close to the ski area
#167 Third Creek $865k 3 bedrooms with outdoor pool.

Townhomes/ PUD’s
There are 63 townhomes on the market, and I have pulled listings from each of the 30 complexes available to familiarize you. Prices start at $325,000 and run up to $2.5 M, with panoramic lake view unit at 1447 Berne for $848,000!
There are 3 Country Club Villas newer construction (1995) with 3 bedrooms, 2,108 sf located near the Hyatt and a close walk to the beach listed between $1,195,000 and $1,1395,000. These units are prized, and sell quickly. Unit #7 Country Club Villas sold in only 13 days on the market, listed for $1,095,000 and sold for $1,040,000.

Investment Property
There are 8 multi-unit/rental propertieson the market currently, ranging in price from $649,000 to $929,000 for duplexes up to a 6-plex listed at $725,000. Some of these will pencil out as an investment with the right offer. I know of one off the market property the owner is willing to negotiate on, call me.