Ultimate Luxury www.stonegatelaketahoe.com in Incline Village, Nevada
February 12, 2010
Lake Tahoe Home Features Interiors By Noted White House Designer
For Immediate Release
Lake Tahoe, Nev., (Feb. 8, 2010) – Obama White House designer Michael S. Smith’s sophisticated, yet inviting design style is reflected throughout a stunning Lake Tahoe residence now offered by Chase International for $19,950,000.
Known for his work with Hollywood celebrities and most recently the first couple’s Pennsylvania Avenue residence, Smith’s low-key luxury sensibility was a perfect fit for the owners of this stunning 10,000 square-foot home (including exercise room and wine cellar) set on the sandy shores of cobalt blue Lake Tahoe.
“StoneGate is an extraordinary home,” comments Smith, who has written two home design books. “The attention to detail and craftsmanship is unmatched on Lake Tahoe. It can hold its own with the most beautiful homes in the world.”
According to listing agents Shari Chase and Kerry Donovan, Smith’s lush country lodge décor compliments a home that features unrivaled quality construction from its mechanicals to the impeccable artisan stone masonry and ironwork.
Chase and Donovan, who represent many lakefront homes, explain that with its private pier, sandy beach and buoys, this gated estate really has it all. According to these Lake Tahoe real estate experts, this caliber of property is very hard to come by.
“StoneGate is for a buyer who desires and appreciates attention to detail where no expense has been spared,” says Donovan, of Donovan Group of Chase International’s Incline Village office.
Acclaimed Tahoe builder John Brink believes “the quality of a home lives in the details” and nowhere is that more evident than in this five-bedroom, 10-bathroom estate that was completed in 2006.
“The owner hired and gave creative license to the team consisting of an extremely talented architect, Larry Henry, an award winning interior designer, Michael Smith, my lead project manager, Pete Dittle and myself to collaborate on the design and construction of his home,” Brink says. “It was a quality-driven project where we used only premium materials and left no design or construction detail to chance; the result being a truly extraordinary home that we are all very proud of.”
Like an exquisitely wrapped gift, the wrought-iron gated drive creates an enticing prelude of the detail and craftsmanship that lies ahead. Similarly, upon entering through the massive Alder doors, one’s line of sight is drawn to the end of the corridor, which connects the front of the residence to the primary living spaces and concludes with a dazzling view of Lake Tahoe. Natural flooring mined in Colorado, Jerusalem Gold Grand Granite and Southern Yellow reclaimed vertical pine and wrought iron are the residence’s signature design materials.
The 10,000 square foot home was aptly named StoneGate for its impressive exterior granite stonework. The main living area features a grand living room, formal dining room, gourmet kitchen and master wing, which includes the library.
With its sunlit lakeviews, 22-foot high-beamed ceilings and massive granite hearth, the grand living room epitomizes mountain elegance. Paned French doors provide access to the stone patio and barbeque. Adjoining the patio is a level landscaped lawn and garden. And best of all, a lovely private sandy Lake Tahoe beach is just a few steps down an adjacent stone path.
The gourmet kitchen showcases a 60-inch Wolf range with double ovens and a French country ceramic hood rising to the beamed ceiling. Perfect for entertaining, a butler’s pantry provides an additional prep area, wet bar and auxiliary refrigerators and freezer.
The richly appointed master wing offers a library complete with wood burning fireplace, plus a full bathroom. The master bedroom has high-beamed ceilings and picture windows that beacon the natural light and English garden views during daylight hours, and starlit skies by night. Encompassing a magnificent space, the master bath features Waterworks fixtures from London, a double steam shower and spa tub.
An impressive open winding stone staircase leads to the second floor lower living area, which includes three guest suites and a family room accessed on each side with French doors. Opening out to the backyard and close to the pier, a separate valet garage offers room for summer furniture, kayaks, and other Tahoe recreational gear.
The lower third floor level offers an exercise room with a full bath, cork flooring and windows with garden courtyard views. Also on this level, is a temperature controlled wine cellar with 1,200-bottle capacity. The upper third floor level features a private executive office with full bath and a peek of the lake as well as a staff or guest quarters with full bath, kitchen, den and sitting area.
And finally, two symmetrical double car garages with convenient built-ins flank the entry.
StoneGate is listed at $19,950,000 with Chase International. For more information or to arrange a private viewing of the property, contact Shari Chase at 775.588.6132; sharichase@chaseinternational.com or Donovan Group’s Kerry Donovan, at 775.750.2190; kdonovan@chaseinternational.com.
What “Was” in Incline Village ,Nevada real estate in 2009
December 31, 2009
Let’s look at the brass tacks in the Incline Village real estate market in 2009:
89 homes sold in 2009 vs 85 in 2008 (per our mls)There might be secret listings which sold and are not disclosed .
Of those 89::
5 above $4 million vs 2 in 2008
20 $2million-$4m vs 9 in 2008
21 $1m-$2m vs 34 in 2008
14 $999k-$700k vs.27 in 2008
15 $500-$699k vs.9 in 2008
10 under $500k and 0 in 2008
What about condo’s and townhomes?
69 condo’s sold in 2009 vs 64 in 2008
The most significant change in 2009,was 50 condo’s sold for under $500kand 11 condos for under or at $200k.Some severe pricing roll backs and opportunities!
24 townhomes(freestanding condos)vs.49 in 2008,20 below $1m,Some excellent locations and pricing for quality living with out the maintenance.
Make your own conclusions,but there was a definite shift in who spent money in 2009.Loans were tough to get and jumbo’s near impossible.Appraisals,good luck.There is no more of getting the number you need.The comps including bank owned properties and short sale are included in comps.
Short sales were a reality along with bank owned properties at almost all price points.There are some great opportuniies here,even in the luxury segment,check out: www.996wedge.com New construction,fine finishes including 22′ ceilings in the great room,perfectly designed with a picturesque views from every window.
The Seller and bank are ready to move this property,call us for details.
Our forecast for 2010 is that inventory will remain conisistant with 2009,and buyer’s that are tired of waiting for the bottom,will realize that life is short,and if you want the lifestyle,and pristine beauty of Lake Tahoe in your life’s plan,,why wait?
Interest rates are still low, combined with a healthy real estate inventory at all price points.
What are you waiting for? Review year-end Lake Tahoe statistics below.
