Full Moon At Baldwin Beach, Lake Tahoe

We are adding a new field to our weekly real estate market updates which will now include weekly market updates in regards to the real estate activity along the East Shore of the Nevada side of Lake Tahoe.  These weekly updates will include the number of new listings as well as the high and low ends of the price range, the number of closed escrows (again with the high and low ends), the number of active listings and the number of pending sales.

As of today, August 26th, there are 148 active single family home listings posted within the Northern Nevada Regional Multiple Listing Services.  Of those 148 listings, there are ten pending sales of which three are subject to bank approval for a short sale.  The median list price among this group is $997,450.  Between August 15th and today, there were four new listings.  The lowest priced new (or back on the market) listing was 174 Cottonwood which is a three bedroom, two bath home with 1,570 square feet of living space within the Lower Kingsbury neighborhood.  The highest priced new listing is $2,799,000 for a three bedroom, four bath Glenbrook home with approximately 3,800 square feet of living space.

During this same week, there were three closed sales.  At the lower end of the price range among these closed sales was 448 Quaking Aspen which was a five bedroom home located across from the Stagecoach lift  on Heavenly Mountain.  This home was listed at $775,900 and sold for $750,000.  At the top end of the scale was 1362 Winding Way located in the Cave Rock neighborhood.  This five bedroom, four and a half bath home had 4,970 square feet of living space and wonderful lake views.  It was originally listed for $1,995,000, eventually reduced to $1,365,000 and closed as a bank approved short sale for $1,320,000.

Among the condominium market, there were no new escrows or closed sales as of August 15th.  There are currently 81 condos on the active market with 15 of those being in escrow.  Of these 15 escrows, 5 are subject to the bank’s approval for a short sale.  At the lower end of the price range for active condo listings is $64,900 for a one bedroom, one bath ski condo at Heavenly.  This property is currently in escrow.  At the top end of the active listings is $3,995,000 for a five bedroom lake front townhouse in Glenbrook.  The overall  median list price among condos is $365,000.

OFF MARKET FOR NOW.  CALL IF YOU HAVE ANY QUESTIONS.  B-I-G!  The magic three letters that describe the rooms throughout this contemporary Lake Tahoe home located in the popular Pioneer Trail neighborhood. Whether you are seeking a home for a large family, multiple families or a corporate retreat, this sprawling four bedroom home could be an ideal match.  Features include two master suites, one upstairs and one down.  The split level entry at the door gives one the choice of heading up to the main living area or downstairs to the guest bedrooms.

The main floor is located upstairs providing additional warmth and sunlight which is perfect during the winter months.  The great room consists of a spacious living room (in fact, there is plenty of room for a game area,) a formal dining area and a large gourmet kitchen.  All three areas have a direct view to the delightful gas fireplace.  The kitchen features granite counter tops, quality appliances and an abundance of counter space and cabinets.  Also on the main floor is the powder room and the first master suite.

The entry to the downstairs begins with the family room, again host to a gas fireplace.  Just off of the family room, in opposite directions are two guest bedrooms to the left and the second master suite to the right.  Across the street is the beginning of miles and miles of forested trails, ideal for hiking, biking and cross-country skiing.  No matter the season, blissful outdoor recreation is waiting at your doorstep.  Be sure to check out the visual tour below to get a better feel for the home or check out the gallery of photos below.

Come join us this Saturday, April 24th from noon until 3.  Head down Pioneer Trail and turn up Marshall Trail (next to the Sierra House School.)  The home is located near the top of Marshall very close to the entrance to the High Meadow Trails.  This three bedroom, two bath home features quality construction, vaulted ceilings, custom cabinetry and a floor plan that provides plenty of privacy for residents.  Four distinct decks take advantage of the surrounding government-owned land as well as the forest and mountain views.  The furnishings are negotiable and all in all, this is one great value in a tremendous neighborhood.

SOLD TO LEE & LISA ALLEN.  CONGRATS!  Short sale opportunity! This well-loved family home offers a floor plan ideal for large groups and families. The location is absolutely ideal.  Although only a few short minutes to the Y, shopping, dining and beaches, this home is situated within walking distance to the Truckee River and the Tahoe Paradise, both recreation sites offering a tranquil escape from day to day life.  You can also hop the fence and find yourself on the Lake Tahoe Golf Course which is a popular destination for winter cross country skiing.  Downstairs living includes a separate living room, home office (which has served as a 5th bedroom,) den, formal dining, large country kitchen, full utility & laundry room and a full bath. Upstairs are all four spacious bedrooms and two full baths. Plenty of parking and a drive-thru garage.  The Meyers neighborhood is mostly level and provides plenty of opportunities for daytime strolling or riding bikes.  Those you wanting to take a quick peek at the house may enjoy checking out this “Quick Snippet” or take the Visual Tour below to take a closer look at the images.