Linda Granger of the Alain Pinel Realtors (APR) Lake Tahoe office sold two lakefront homes in July, both with all cash buyers. The cash sales, coupled with the incredibly short escrow on one of the properties, indicates how hot the current Tahoe real estate market is.
“With average single-family home prices this year up 21% from the first half of 2013, the north and west shores of the lake are bustling this summer,” said Granger. “It’s great for both buyers and sellers, because inventory is booming but prices are climbing gradually.”
The first property, 5344 North Lake Boulevard, Carnelian Bay, sold for $9.25 million. The gated 6 bedroom, 7.5 bath home is set on an approximately 0.5 acre lot that features a lakefront hot tub, stream-scape with pond, heated walkways and driveway, a private pier, private boat lift, and private buoy. Built in 2000 by Olson Construction, the home offers custom carved woodwork throughout, panoramic lake views, and a fully equipped guest apartment.
The second property, 3765 Belleview Avenue, Homewood, sold for $2,575,000 with only a nine day escrow. The 3 bedroom, 2.5 bath Old Tahoe-style home was built in 1924. The beautiful flat lot features an outdoor fireplace, large patio overlooking the lake, shared private pier, private buoy, and boat lift. The property is also located right across from Eagle Rock hiking and biking trails.
APR is also developing their presence in the high-end Incline Village, NV market, where they will now be listing homes and representing buyers. This completes the firm’s coverage of the North Shore of Lake Tahoe, where they have found success since opening their first office in late 2012.
“We’ve really solidified our role as a major player in the Tahoe market,” said Granger. “If you didn’t think of APR as a Lake Tahoe luxury agency, you will now!”
Notable Listings / Sales