Lahontan is a distinctive community that prides itself on providing an unsurpassed experience for families. It was established in 1997 with immediate success as the Dotcom Era brought discerning buyers looking to build timeless mountain estates. Lahontan, located close to great skiing and the growing town and community of Truckee, drew attention during this time.
Lahontan remains one of the best values in the area with a current average list price of $2.4M. 2015 saw 15 homes sold at an average price of $2M. In 2016 we have already seen 4 homes sold/pending at an average price of $2,125,000. There are currently around 260 completed homes of the total 509 homesites that cover 906 acres within the community. Homeowners have also purchased over 50 privacy lots to allow plenty of elbow room to stretch out and enjoy the mountain environment and historic Martis Valley nearby. With 11 new home starts currently on the table providing a fresh look, we should see good activity in this well-established community.
Beyond the incredible golf you will find on their Weiskopf Designed Championship and Par 3 Courses, Lahontan boasts a beautiful and rustic Lodge for dining and events, a full-service Spa and Fitness Area that was recently remodeled, and a Family Camp that underwent $250K of improvements in 2013 and a $1.2 million dollar expansion in 2014. Lahontan was the first private golf club in Truckee and has set the bar high for quality and value, which we see with their continued club improvements. Aside from all of the wonderful amenities and programs, one of the best things about Lahontan is their financial stability. All of the above projects were and are being done within their budget and with no assessments to the members. In fact, golf club dues have only increased by $2K in the last decade and HOA dues have only increased by $200 annually since 1997.
Over the years there have been more public and private golf communities that have been established in the North Tahoe area, however Lahontan continues to maintain a solid presence in the market.