What it is in Incline Village Real estate in 2011 so far….

After two heavy duty snow months in the last months of 2010, January lightened up weather wise, so our would be buyer’s can get up to Tahoe to ski and check out real estate. Buyer activity has increased the past two weeks, causing the market to move just a bit. With 6 homes selling so far in 2011, the momentum or lack of is very similar to last year.

Currently there are 165 active homes on the market in Incline Village, and 10 homes in escrow.4 of those 10 are “distressed” either bank owned or short sales.5 of these pending sales are under $550k, and 5 over $950k. 3 of these are over $2m.So again we are seeing two distinct markets, the bargain hunters picking up the distressed deals, and the luxury buyers making deals on some significant roll back pricing.

128 condos are on the market in Incline, 9 under contract, 4 of which are short sales or bank owned.

46 “PUDS”(freestanding condos) are on the market, 3 are in escrow, 2 of which are short sales or bank owned.

A few notable price reductions:

www.345countryclubdrive.com built in 2005, fronting the 13th Fairway on the Incline Championship course, had a price adjustment down to $2,595,000.This in one to look at for upscale finishes that could not be replicated at this price.

www.1143lakeshore.com aka www.hiddencovelaketahoe.com  our beautiful lakefront property at the east end of Lakeshore Drive was reduced over $1million dollars, now offered at $8,250,000. For an extra large .90 acre parcel, beautiful sandy cove frontage, and a substantial landscaped backyard, and one permitted buoy. Home is 4200’, including a stunning contemporary addition featuring two additional guest suites each with full bath and an open breeze way connecting to the main house.

And still one of the best panoramic lakeviews,off the water ,in Incline Village is www.905tyner.com which has had offers to no success,and is worth every penny in quality and views.

www.734mays.com is a 5 bedroom ,low elevation home,one block up from Burnt Cedar Beach.This house has two family rooms on the main  level,each with a fireplace,southern facing deck,large garage and plenty of parking for a boat or guests.The location is right  above the bike/walking path ,and a quick down hill to Lakeshore.

www.633village.com is an excellent value,mid elevation,and newer construction.

Please email us or call should you have interest in more detailed market statistics.

Incline Village, Nevada, contiguous lakefront parcels offered

The Osprey Estate gets national attention

Staff report • October 6, 2009 From The Reno Gazette Journal Online

One of Lake Tahoe’s few modern luxury lakefront homes received national attention recently when it was featured in both the Wall Street Journal and Architectural Digest. The Osprey Estate, located on the shores of Lake Tahoe in Incline Village, is on the market with Chase International for $34 million.

Architectural Digest described how the 71,000-square-foot contemporary home with guesthouse and library strikes a balance with the pristine surroundings. The estate’s design comes from its owners — a renowned inventor and his wife, an accomplished interior designer — who collaborated with architects Eric Thiele and Roderick Ashley in designing the home. The landscape architecture was one of the last projects designed by the late Robert Murase, a noted Portland, Ore., landscape architect.

With a flat roof, floor-to-ceiling windows, an abundance of natural light and striking outdoor sculptures, the October issue of Architectural Digest noted that the home was a “smart, simple building, so light on the land and rich in contextual detail.”

“Barely visible from the water or the street, the small compound exists as Lake Tahoe’s secret pocket of modernism — a combination of rigor, understatement and transparency that might well have been a model for this climate had modern technology and sensibilities been factors in past eras.”

(Article Continued…) Click Here to read the rest of this article at RGJ.com

Click here for a print version of the full article at RGJ.com

Sell this House…Seller is Serious!

The seller of 966 Caddie Court is serious! A $250,000 price adjustment to $1,299,000 is paving the way to get this golf course property noticed! Located on what used to be the 14th Fairway (now 3rd fairway due to reversal of front & back nine). Outstanding features include; fenced yard, large wrap-around deck, cul du sac location and 3 car garage. House has formal floorplan with a den and dining room. Well maintained and very good condition. If you are a golfer or just enjoy the quiet of a cul du sac, 966 Caddie Court is worth a look. Virtual Tour

Donovan Group New Listing at 520 Sugarpine

Our team has a new listing at 520 Sugarpine that made its debut on Tuesday’s broker tour. Located in the low/mid elevation Ponderosa subdivision with lots of trees and excellent sun exposure. A pleasant surprise for those agents that attended the tour. Upon entry the soaring ceiling and wall of windows really grab your attention. This well maintained home has four bedrooms including a bonus room with separate entry. The spacious, southern facing deck will be great for outdoor relaxation, a small peak of the lake if you stand in the right spot. Even better news is the two car detached garage which is a must! The list price of $719,000 is attractive based on the current competition with the added bonus of the 2 car garage and condition. Preview virtual tour:

520 Sugarpine, Incline Village, Nevada

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