Gobbling Up Tahoe's Gated Golf Course Homes
Posted by Jackie Ginley on
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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Downtown Truckee came one step closer to getting its own grocery store this week, when the Town Planning Commission signed off on a proposal to build a 35,000 SF market in what used to be a part of the train yard. The project is being proposed by Nugget Markets, a boutique grocery store chain with 12 locations in Northern California. Described by some as a cross between Whole Foods and Trader Joe's, Nugget is known for offering gourmet selections, including craft beers, fine wines, and locally sourced beef and produce. With addresses in Tiburon, Corte Madera, and Sonoma, Nugget is catering to some well-heeled customers, and while their prices tend to be higher than larger chains, some online reviewers describe it as "the nicest grocery store" they have…