Real Estate Sales Slow in Incline Village

While many real estate markets around the Tahoe/Reno region have adjusted prices downward from the 2022 highs of the Covid era, Incline Village on Lake Tahoe's north shore continues to reach high on pricing, leading to a precipitous drop in sales volume from last year.

Moving into March, we saw only a dozen homes change hands in Incline Village for a total sales volume of a little more than $18 million. That's just a third of the sales we saw by this time last year.  

Waterfront Lake Tahoe Condos Sold in 2023

The Incline condo market fared a little better, thanks in part to two lakefront condos that sold for hefty price tags:

  • A beautifully remodeled Stillwater Cove condo listed at $4.250M had an…

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Guide to Tahoe Truckee Ski Resorts

So you've decided you don't want to wait in the long lines on I-80 for fresh powder this season ... how to choose the right ski resort for you? Here's a couple of questions to ask yourself:

  • What vibe do you prefer?  Big Resort with restaurants, dining & shopping? Or are you more into nature, privacy & the solitude the mountains offer?
  • How far do you want to drive?
  • How much do you want to spend?

The links above offer a quick guide to some of the area's more popular resorts, from the Mega-resort, largely intermediate mountains like Northstar, to homes & condos in Olympic Valley (now home to Palisades Tahoe with a gondola connecting some of the region's most advanced terrain at the former Squaw…

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Real Estate in Tahoe City

It's tough to talk in global terms about the real estate market in Tahoe City because the options for a Tahoe vacation home here range from some of Lake Tahoe's finest luxury properties to more affordable waterfront condo options, and everything in between (read more ... )

Tahoe City is located on the CA side of Lake Tahoe


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The Waldorf Astoria is coming to Lake Tahoe

And you'll never guess where ... 

If you've ever driven past the old (crumbling) Tahoe Biltmore on your way to Incline Village and wondered why such a prime location features such a dilapidated building, you're not alone. Plans to redevelop the property have been in the works for more than a decade. 

Trex co-founder Roger Wittenberg bought the property in 2007 through Boulder Bay LLC (namesake of the luxury townhomes you can see from the road at the east end of the property), and shepherded an earlier version of the redevelopment through the Tahoe Regional Planning Committee's regulatory process.

Then, in the fall of last year, California developer Ebbie Khan Nakhjavani acquired the property with a…

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Reading the Fed's Tea Leaves

I read an interesting op-ed piece recently. An economist on a cross country flight from NY was sitting next to a homemaker (he didn't exactly call her that, but that's what he meant), and when she realized what he does for a living, she peppered him with questions about Jerome Powell and the direction of the Federal Reserve. He didn't mind talking about it; that's what he does for a living. But he marveled at the fact that an average American was so studied in the politics of the Federal Reserve; that spoke volumes.

Beyond knowing the names of the past Fed Chairs, I can't say that I gave it much thought before now either. But 2022 changed all that.  Like a lot of Americans, I'm now hanging on Powell's every word because…

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Tahoe Donner HOA Fees Explained

With 6,500 homeowners in the hills above Truckee, Tahoe Donner is one of the nation's largest homeowner associations. It's governed by a 5-member Board of Directors who are elected by the owners. The Board voted recently to increase the annual HOA fee to $2,624 a year. 

Tahoe Donner HOA fee

Everyone who owns in Tahoe Donner (even vacant lot owners) is responsible for the annual HOA fee, which pays for staffing and subsidizes the operation of many Tahoe Donner amenities, some of which rely on the subsidy to pay operational costs. Various Tahoe Donner amenities are open to the public. These include:

  • The Lodge Restaurant & Pub
  • The Downhill & Cross Country Ski Areas (as well as the restaurants & bars at both facilities)
  • Tahoe…

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Want to Retire in Tahoe?

Clients often ask me if Tahoe is a good place to retire, and the answer, honestly, depends on your health, your retirement income, and what you like to do for fun. Here are couple of reasons why Tahoe tops other popular retirement destinations:

  • It's so beautiful here, you won't have any trouble enticing the kids & their families to come visit
  • Taxes, on the Nevada side, are lower
  • Unlike some parts of country, we're not running out of water
  • It's safe here

Natural Beauty of Lake Tahoe

Lake Tahoe is arguably one of the most beautiful places in the world. We get on average 300 days of sunshine, with hot summer days, cool nights, and low humidity.  Here you will find terrific golf courses. 

Beyond…

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Your Guide to Incline Village Real Estate

If you are considering purchasing a home at Lake Tahoe, and would like to look at Incline Village, here are a couple of things to consider:

1.  Sticker Shock

Thanks to Nevada's favorable taxes (no state income tax, no inheritance tax, and favorable treatment for many businesses, including single-member LLCs), the Nevada side Lake Tahoe tends to draw wealthy buyers who are looking for a tax haven.  Think: Well-heeled retirees, venture capitalists, entrepreneurs, and founding CEOs (makes for interesting happy hour conversations at Lone Eagle Grille's lakefront bar). Big money has kept the cost of Incline Village homes higher than those on the California side of the Lake. You will get more house for the…

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Market Favors Buyers

With Fall upon us here in Tahoe Truckee, the golf season is officially about to wind down to a close here in the mountains.  But if you have been dreaming of a golf course home here at one of our beautiful communities, this might well be the BEST time to buy:

  • There are fewer buyers in the market
  • Inventory is strong
  • The Fed's monetary policy has had a downward pressure on pricing

California or Nevada?

Golf is everywhere here in Tahoe Truckee. And in this guide I have not included public (or semi-public) courses like the two excellent golf course in Incline Village, the public course at Brockway (near Kings Beach, CA), Coyote Moon in Truckee, Tahoe Donner (which, while open to the public, also offers nice homes…

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Despite news of inflation and a stock market that's been pummeled by the Fed's unrelenting attack on interest rates, homes in gated golf course communities around Lake Tahoe continue to show strong sales.  As of this writing (Sept 23), 79 homes have sold this year in gated communities from Truckee (home to the Martis Valley trio of Lahontan, Martis Camp & Schaffer's Mill) to the East Shore of the Nevada side of the Lake, where money is consistently flowing into Clear Creek, a gated golf course community off Highway 50 with its own lakefront clubhouse at Tahoe.

Many of these sales are cash, which suggests that luxury real estate continues to be a good investment when the stock market is on wobbly knees.

Here's the quick wrap:

Clear Creek,…

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