What kind of property can you get for your money in the the Truckee/N Lake Tahoe area? Factors that determine value such as location, amenities, views, lake/ski access and quality of construction define what a property is worth to a buyer. Understanding the various options and what creates value across the region can be useful to a buyer in determining where they want to invest.
Let’s take a look at some of the best properties offered at $4.5M – $5M in N. Tahoe’s most sought after communities/locations and what makes them special:
A $4.5-5M property in Martis Camp is considered “average” on the spectrum in terms of price within the community. There are a handful of attractive options at this price point, typically on acre+ homesites with generally forested views. If features such as big views or ski access are a priority, a buyer will have to increase the budget as premium properties command much higher prices. The allure of Martis Camp is the overall lifestyle offering combined with the unbelievable amenities. These factors have historically played a strong role in holding property values high vs. the features of any specific home. Click here to see some examples.
Listed at $4.5M, 2538 N. Summit is located in The Summit at Big Springs neighborhood, and has all the desirable elements of a luxury mountain retreat. With a spacious layout, direct access to the slopes, trails, panoramic views, extensive outdoor living and distinctive custom finishes, this home has it all. Only a handful of properties in all of North Lake Tahoe can boast ski in/ski out access. This replacement cost of this home would be much higher than the list price, and the setting could not be replicated.
405 Carrie Pryor is listed at $4.889M and is located on one of the most desirable sites (1 acre) in this well-established community. A perfect blend of contemporary architecture, sweeping mountain and golf views and a fully custom design contribute to the unique nature of this home. The level of attention to detail and personal touches throughout set this retreat well above other options in Lahontan.
Lakefront – North Lake Tahoe:
The options on Lake Tahoe have always been (naturally) very limited and finding a perfect lakefront home often proves to be a challenge for many buyers. In the $4.5M price point, there few homes available, and buyers often find themselves making concessions on preferred location/design/layout just to be on the lake. However, currently there is a property available that not only offers direct lake access and views, but has amenities as well. This unique offering will appeal to the buyer who wants the lake life and the convenience of a North Shore location. Click here for details.
Concours d’Elegance: August 11 & 12
The first Concours d’Elegance was held in 1972, just after companies stopped making wooden speedboats and made the switch to fiberglass. This year we look forward to the 45th Annual Lake Tahoe Concours d’Elegance. The event is staged at the historic Obexer’s Boat Company in Homewood on Lake Tahoe’s beautiful West Shore.
Every time you see a wooden boat on Lake Tahoe, it’s hard not to marvel as it speeds by or pulls up to the dock as you sip cocktails on the Sunnyside deck. The Councours event brings all the wooden boats and wooden boat lovers together for an action packed weekend. On display are exquisitely maintained boats restored to the highest level of authenticity as they appeared when they were shipped from the factory. Boats and boat enthusiasts will travel from around the world to share their passion for wooden boats.
For more information on this event visit: laketahoeconcours.com
Photo courtesy of http://laketahoeconcours.com/