797 Ida Court | Incline Village

Offered at: $7,950,000

Bedrooms: 6
Baths: 6 full & 2 half
Half Baths
Sq. Footage: 8,194 +/-

With its breathtaking 180 degree panoramic lake views and exquisite attention to detail, this architecturally striking Incline Village estate has style and sophistication beyond compare. Privacy abounds as the residence at 797 Ida Court sits on over 5 acres of magnificent grounds which are framed by nearly 200 acres of National Forest and Nevada State lands. This inspirational estate will capture your heart with its meticulous handcrafted finishes. Quartzite stone, chiseled slab granite, distressed and brushed alder, distressed oak and circular windows are just a few of the design features specifically chosen to capture the luxurious elegance of this mountain estate. Throughout the residence are floor-to-ceiling picture windows that capture the legendary view and beauty of Lake Tahoe. The 660+/- square foot and 408+/- square foot lake view decks with copper accents are both perfect for an evening of entertainment or a day of relaxation. Secluded, private and one-of-a-kind, this magnificent estate is truly the place to enjoy the phenomenal views of Lake Tahoe and the Sierras in all their glory.

For more information contact The Schwartz-Stanton Group of Coldwell Banker Incline Village

Soak up The Boulders Lifestyle…Luxury condominiums for sale in Truckee, California starting in the high $400,000s

The Boulders at Truckee in the Tahoe, California area welcomes you to your dream home…

• A ‘Place of Your Own’ for Winter & Summer
• Easy access to Interstate 80
• Walk to restaurants & grocery shopping
• Minutes to Historic Downtown Truckee & Donner Lake
• An easy drive to four major ski resorts:
• Squaw Valley with its new Base Village
• Northstar with its future Base Village
• Alpine Meadows, the "Local’s Favorite"
• Sugar Bowl, enjoying a new renaissance
• A short excursion to Tahoe City & Lake Tahoe

Visit www.BouldersAtTruckee.com or contact Sally Gardner at 530.587.7098 for additional community information, amenities and pricing information. Send email to info@bouldersattruckee.com

Market Conditions for Lake Tahoe North in Lake Tahoe, California Reported by Jacke Crump & Cheryl Murakami, REALTOR, e-Pro, Cert As of May 10, 2008.

Current Market Rating: 2 1 2 3 4 5 Buyer’s Seller’s

Current Price Trend: 2 1 2 3 4 5 Falling Rising

We constantly hear talk in the media about the woes in real estate market and the mortgage meltdown, but for the most part the picture is painted with a broad brush, often reflecting national or state perspective. Real Estate is local and despite our perception of the grim situation - every market is different. According to the National Association of Realtors One-third of the homes sold in 2007 were to second-home buyers and investment properties. The Lake Tahoe basin falls into that category.

Second homes make up a significant portion of the overall housing market, accounting for more than one-third of all residential transactions in 2007. This is especially true in resort areas such as Lake Tahoe. Locally, over 75% of Lake Tahoe homes are owned by absentee owners - purchased as vacation retreats, retirement homes or investment properties.

HOME PRICES - Still a Bargain
Lake Tahoe property is still a bargain compared to other destination resorts. The average sold price in Aspen, CO in Sept. 2007 was $4,219,872. In Park City Utah average sold price in Sept. 2007 was $1,091,407. In Vail, CO the average sold price in Sept. 2007 was $1,441,766. Lake Tahoe real estate is still a bargain when compared to California as whole, The median price of an existing, single-family detached home in California during March 2008 was $$413,980 according to the California Association of Realtors®.
price in 2006 increased by 14%.

Sampling of the CURRENT MARKET STATISTICS

As of May 10, 2008

If you wish particulars on any specific area, please send an email to Info@TahoeHomeOnline.com and we would be happy to forward the information.

HGTV is coming to North Lake Tahoe and needs to find homeowners and Realtors in the area who would like to be considered for the show.

The home channel’s show “My House is Worth What?" chronicles how homeowners are dealing with the ups and downs of the current real estate market. Those who appear on the television show get a free evaluation of their homes by experts and host Kendra Todd, season three winner of The Apprentice.

Homeowners from Tahoe City, Carnelian Bay, Kings Beach, Tahoe Vista, Crystal Bay or Incline Village must use their dwellings as their primary residence. To apply go to www.pietown.tv/Shows/mhiww_applicationowners.html.

Realtors who work on the North Shore are also encouraged to apply to assess a property on site, give price evaluations, explain how certain renovations add or decrease value in a home. To apply to to www.pietown.tv/Shows/mhiww_applicationexpert.html.

Deadline to apply for homeowners and Realtors is Feb. 29.