Archives for October 2012

Dollar Point was off to a slow start this year with about a half a sale per month for the first 1/3 of the year. The summer hit and the deals started coming together. Last year not one Dollar Point lakeview property sold but this year there have been a number of very interesting lakeview sales including one in the $500k’s and one without a garage and a very difficult driveway which went for $1.5m (my company’s listing). In July there were 2 sales, in August 5, September 3, October has already seen one and there are 2 in escrow. One of those under contract is a view property which was priming for a sale and had dropped $900k since originally listed.

For more information contact Alex directly.

There have been 2 sales this year over $10m on the California side of Tahoe from Rubicon to Old Brockway. My company represented both buyers (one of these deals was done off of MLS). There is one estate in escrow with a list price of $19.95m in Hurricane Bay. Incline Village has a property listed at $24m which is also in escrow.

Click Here to View Tahoe Most Expensive Properties on the CA side

IN ESCROW: There are more lakefronts in escrow now than there were at the height of Summer 2011. 10 lakefront properties are under contract and the prices range from $19.95m – $2.3m. The highest list price is the West Shore estate of the late casino magnate William (Bill) Pennington at the north end of Hurricane Bay. There is one home for $3.2 in the historic neighborhood of Tahoe Pines, one on Rubicon‘s deep, sandy beach, and a 5500 square foot lakefront foreclosure in the newer development of Brockway Springs.

ACTIVE LISTINGS: Currently the lowest-priced lakefronts which are not yet in escrow are in King’s Beach with a 50% shared pier and two cottages for $2.1m (this one has been dropping from the sky in recent weeks); and a Meeks Bay lakefront with private pier, 4 beds and baths with gorgeous views to East and South Lake Tahoe. The highest prices are equal or close to the Pennington estate – one Sunnyside masterpiece for $17m; the neighboring parcel with a home designed by Julia Morgan, $17.9m;  the 7+ acre Schilling Estate on Rubicon’s Gold Coast, $19.95m. For more info on these or anything else in the lakefront market get in touch with Alex for the latest.

Click Here to View Interesting Active Lakefront Listings

2012 Tahoe Lakefront Sales PDF YTD

2011 Tahoe Lakefront Sales PDF