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Incline Village & Crystal Bay Neighborhood of the Week: Ski Way!

by Lakeshore Realty

Ski Way:

This week our featured neighborhood in Incline Village is the Ski Way Subdivision! Incline Village and Crystal Bay real estate is broken down into 16 different "subdivisions" which are more commonly known as neighborhoods. You can see our subdivision map here to get an idea of where the Ski Way subdivision is located.

Located just off Country Club Drive and winding its way up to Diamond Peak is the Ski Way Subdivision, this area is comprised of mostly condominiums and PUD’s, with a few single family homes. This North Lake Tahoe real estate area is popular for vacation owners and rentals, for its proximity to Diamond Peak, the beach, and its affordability.

Here you will find Lower Tyrolia and Tyrolean Village, charming Bavarian style neighborhoods with mostly free-standing chalets and a few attached condos. There are also several higher density condo developments in this subdivision such as Mountain Shadows and Alpine Terrace and high rises such as Burgundy Hill and Ski Way Ridge.

The Big Water Grille restaurant in Incline Village, located  just below Diamond Peak, offers great lunch and fine dining with spectacular Lake Views.

Homes are for sale in the Ski Way subdivision in Incline Village, Nevada starting at $300K up to $1.25M.

Ski Way Statistics:

The median sold price in this subdivision last year was $375,000 which is much lower with the entire market median of $1,060,000. This is due to the high number of smaller condos being sold which makes this one of the most affordable areas in Incline Village and Crystal Bay.

Last year, 46 properties  sold in the Ski Way Subdivision  making it one of the more popular areas in our market. The median days on the market for these homes was 136 days which is fairly common for our market, especially in an area with a high number of condominium listings. Many of the homes here were built before the 90's making this area a prime target for remodels and vacation rentals hoping to cash in on the proximity to Diamond Peak!

 

 

Weekly Market Update for Incline Village and Crystal Bay!

by Lakeshore Realty

Weekly Update: Jan 27th, 2017

 

Neighborhood of the week: Ponderosa!

by Lakeshore Realty

ponderosaThis week our featured neighborhood in Incline Village is the Ponderosa Subdivision! Incline Village and Crystal Bay real estate is broken down into 16 different "subdivisions" which are more commonly known as neighborhoods. You can see our subdivision map here to get an idea of where the Ponderosa subdivision is located.

A mid to lower elevation neighborhood, the Ponderosa Subdivision has 270 parcels ranging from .40 to .70 acre. Parcels tend to have some slope to them. If you are looking to buy a home in North Lake Tahoe this is a great area for families, with low traffic and school buses picking up kids on most corners.

The Ponderosa Subdivision is located in North Lake Tahoe above Highway 28, across from the Lakeview Subdivision, and west of Highway 431. Many homes have full or partial lake views, and most enjoy serene, wooded forest settings. Some higher elevation streets have beautiful canyon and Crystal Bay views, and easy access to hiking trails.

There are several seasonal creeks running through this area, and many protected U.S. Forest Service lots, which add value and privacy to homes.

Homes are for sale in the Ponderosa subdivision in Incline Village, Nevada starting at $700K up to $5.25M.

Approximately 247 Single Family Homes in this North Lake Tahoe Real Estate Subdivision

 Ponderosa Statistics:

The median sold price in this subdivision last year was $1,100,000 which is right in line with the entire market median of $1,060,000. With a low sold price of $548,000 and a high of $3,950,000, the Ponderosa Subdivision has several access points in regards to price.

Last year, 17 properties  sold in the Ponderosa Subdivision with a range in sale prices from $599K - $3.95M making it a diverse single family area. The median days on the market for these homes was 122 days which is fairly common for our market. Many of the homes in Ponderosa were built in the 60's, 70's, and 80's and are ready for remodeling to increase their value. With high sale prices, there is room for equity and profit with the right opportunity!

Incline Village Neighborhood of the Week: Millcreek!

by Lakeshore Realty

This week our featured neighborhood in Incline Village is the Millcreek Subdivision! Incline Village and Crystal Bay real estate is broken down into 16 different "subdivisions" which are more commonly known as neighborhoods. You can see our subdivision map here to get an idea of where the Central subdivision is located.

The Millcreek Subdivision consists of 276 parcels averaging .35 acre in size, making it a popular neighborhood with families and full time residents.  At 6,225’ elevation, this is a low elevation area, with convenient year-round access and lots that are mostly level and easy to build on.

Thanks to redevelopment and new construction, this neighborhood has experienced substantial appreciation in the North Lake Tahoe real estate market.  Older homes have been torn down and replaced with spacious, new luxury homes.  It’s not unusual to see a new, $3 million estate next to an older, 1970’s ranch style bungalow; this will most likely be the next property to be replaced.

The relatively level parcels make building new homes easier, and in most cases tearing down and building new is a more economically advantageous decision than remodeling.

Millcreek boasts a prime location, walking distance to Incline and Ski Beaches.  These private beaches are for the exclusive use of Incline residents, and boast beach volleyball courts, sandy beaches, BBQ pits, picnic tables, playgrounds for children, and a boat ramp (at Ski Beach).  Incline Beach has restroom facilities and a snack bar open during the summer months.

Also close by are the Hyatt Regency Resort Spa and Casino, and its excellent restaurants including the Lone Eagle Grille, which serves great American cuisine on the shores of Lake Tahoe.  You can also walk to the Country Club Mall, which features a variety of specialty shops, restaurants and beauty salons; the Village Green playing field, Aspen Grove event facility, skateboard park, Sierra Nevada College and Incline Middle School.

This area consists of mostly single family homes, with a few condominiums located across from the Hyatt (999 Lakeshore, 1000 Lakeshore, Country Club Mall and Village at Incline) and a Planned Unit Development (Country Club Villas).

The price range of the active residential homes for sale in the Millcreek Subdivision in Incline Village, Nevada varies from $400K up to $5.5M.

Approximately 263 Single Family Homes in this North Lake Tahoe Real Estate Subdivision

Incline Village Millcreek Statistics:

So far this year, 26 properties have been sold in the Millcreek Subdivision making it one of the busier neighborhoods in the Incline Village and Crystal Bay market. The median days on the market for these homes is 71 days which is fairly low for our area. Homes in Millcreek are very popular which has driven the days on market down creating a competive buying space. If you want a home in Millcreek, you better act decisively!

The median sold price in this subdivision this year has been $949,000 which is slightly lower than the entire market median of $1,060,000. With a low sold price of $365,000 and a high of $3,350,000, the Millcreek Subdivision is fairly diverse but with a larger quantity of single family homes.

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LakeshoreRealty.com
Lakeshore Realty
954 Lakeshore Blvd.
Incline Village NV 89451
775-831-7000
800-954-9554
Fax: 775-831-6777

LAKESHORE REALTY

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