Martis Camp, the newest and most exclusive of the developments in Tahoe/Truckee is seeing it’s first REO listing of 2011. There has been one short sale in Martis Camp this year (lot for $350k) and in 2010 there were 3 foreclosures and one short sale (all were lots; range $266k – $540k). Thus far, there have been no distress sales on the single family homes in Martis Camp.
This 1.6 acre REO lot is situated on a cul-de-sac and has good sun exposure. Homesites in Martis Camp range in price from this one, the lowest, up to roughly $1.8m. Homes start in the mid-$2 million range and head toward the $10m range (currently the highest price is $9m and change). Martis Camp has the most incredible amenities and largest acreage of any development in the country. It’s an absolutely incredible place with it’s renowned Barn for family activities, 50,000 square foot clubhouse for the adults, private library in the woods, and its own chairlift to Northstar. If you’re interested or know someone who might be, contact Alex for more information.