It’s the peak of summer season at Lake Tahoe. We’ve had beautiful sunny weather during the past week and no thunderstorms spoiling anyone’s recreational activities. The only thing hotter than the weather is the Incline Village real estate market. 12 properties went into escrow last week along with 15 new listings, 18 price adjustments and 9 properties closing escrow on the Incline Village MLS.
Buyers still have good opportunities when shopping for Incline Village real estate with the inventory level hovering around 230 properties for sale. However, extremely desirable properties (such as the three-bedroom end unit at #132 Third Creek) are being snapped up within days of being listed for sale. It behooves buyers to stay in close contact with their agent so they don’t miss out on the best opportunities.
Speaking of opportunities, our listing at 1049 Apollo Way is arguably the best lake view development property at this point in time. You’ll find over 4600 ft.² of living space inside this 4 bedroom, 3.5 bath house situated on a nearly 1 acre parcel. The property is surrounded by U.S. Forest Service land providing a great sense of privacy. As you enter on the top level you are greeted by a dramatic open truss cathedral ceiling with a stunning view of Lake Tahoe.
The entry level features an enormous kitchen, spacious living and dining areas along with a powder room. On the middle level is the Lakeview master suite along with 2 guest bedrooms, full bath, an office and laundry room. The bottom floor contains another bedroom and bath along with a very large living area plus a full kitchen.
Priced at $1,250,000 we believe this property when remodeled would likely fetch in excess of $2 million. Click Here to See a Virtual Tour
Condo buyers looking for a nice low elevation 3BR place will want to check out 136 Juanita Dr – #27 Coeur du Lac. Offered at $519,000 this remodeled 1200 square-foot condo is just 2 blocks from the beach. Upgrades include a new fireplace, hardwood floors and stainless steel appliances. The complex features a swimming pool along with ample parking for residents and guests.
Checking out the new listings on the Incline Village real estate scene the one that we find most attractive is the freestanding condo at 1136 Altdorf Terrace. This 4 bedroom, 3 bath, 2770 square-foot property is located 1/2 mile below the Diamond Peak Ski Area. You’ll enjoy some nice upgrades including remodeled baths, stainless steel appliances along with new carpet and tile flooring. Plenty of room for family and friends as this place is set up to sleep 12 people. And you get a two-car attached garage. The asking price of $1.1 million puts this in the sweet spot for homes of this size.