Plenty of variety in Tahoe luxury home market

July 3, 2013

By Kathryn Reed, June 28, 2013,

varietyFor those with $42.995 million to spend it will get you a lakefront compound on five parcels with four houses. Those looking for some history might be interested in the former Howard Hughes estate that is selling for $19.5 million. Those with a more modest budget should check out the $2.495 million cabin that was built in 1926.

These were just three of the 23 houses available to tour on June 26 during the 17th annual Chase International Lake Tahoe Lakefront and Luxury Estates Tour.

Agent Sue Lowe, who organizes the event, was at a house on Skyland Boulevard that is going for $4.95 million. She explains Nevada property taxes to a potential buyer – how they aren’t configured anything like California’s, and how Douglas County where the house is located has much lower taxes than Washoe County.

Most of the houses on this tour are right on the water.

Lowe tells Lake Tahoe News these properties are still the most appreciated in the basin, with lake views second most popular.

It’s the rare property that has a pier, boathouse and sandy beach. Some don’t have any of those amenities. This house has the beach – which in itself is rare for this side of the lake, which is traditionally rockier.

The houses are all over the board in terms of what they look like from the outside, the character inside and the price range. The least expensive was $2.195 million in Meeks Bay. The most expensive was $42.995 million in Incline Village, which was recently reduced from $49.9 million.

The latter is known as Sierra Star. Tom Gonzales, founder of Commerce One, assembled the five parcels that have four houses. In what is called the Carriage House he used to have 100 motorcycles. There is 2,000-square-feet of garage space.

Below that is 10,000-square-feet – mostly concrete. A lift that can hold 250,000 pounds is off to the side.

The top floor is another 2,000-square-feet. It’s where the mechanics and others lived.

The main house is 10,000-square-feet. The other two structures – or guesthouses – are each 4,000-square-feet.

It’s possible to buy the whole 4.3-acre compound or pieces of it.

“The luxury market is heating up with increased activity around the lake,” Lowe says.

In the last eight months two houses on the lake each sold for more than $20 million. That hadn’t happened since 2008.

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Photos: Lake Tahoe mansions sparkle

July 3, 2013 2:40 PM PDT Jun 26, 2013 recently ran a photo slideshow with captions, showcasing Lake Tahoe mansions and luxury homes. Click here to visit the article now, or, click on the image below.


$45M Among House Listings at Tahoe Shore

July 3, 2013

Lake Front Homes Draw Crowds in Tahoe – Wed 9:57 PM, Jun 26, 2013

kolaINCLINE VILLAGE, Nev.–Every year, Chase International invites high-end clients to tour the greatest of the great in lakefront Tahoe property.

“It just makes it an exceptional day where if you’re out there hunting, you can go and take a look at Glenbrook, South Lake Tahoe, Tahoe City and really figure out what pocket community in Tahoe fits your lifestyle,” said Kerry Donovan, a Chase International Realtor.

Around the lake, 23 properties were open for viewing, but one stood out from the rest. The Sierra Star, a compound with 4 homes, an underground garage and an asking price of 45-million dollars.

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Sierra Star Lake Tahoe video