STANDOUT NORTHSTAR PROPERTIES

Northstar has always kept a reputation of quality and strong re-sale values within it's tight-knit community.  Real Estate and Ski Area Developers alike recognize it's value, and that is why they continue to finance projects within this sheltered Truckee area just north of Lake Tahoe.  Smaller development projects keep popping up, like The Overlook, Big Springs, and Home Run.  Developer and re-sale prices have adjusted with our resort market trends, and I have hand selected 10 properties that I believe stand out.  You will find condos within and just outside the Village at Northstar, ski in/ski out Townhomes just started construction, and single family homes scattered throughout the community.  From $180,000 to $2,695,000, this list covers the best of the best.  Continued confidence from both buyers and builders makes Northstar a comfortable selection when looking for that perfect resort property. 

Standout Northstar Properties Tour

Lahontan Golf Community: stepping stone to a new standard of living

8 years ago, Lahontan golf community was the "new kid" in town, the creme de la creme of golf club living. Little did we know, it's developers wrote the plan for Lahontan with beta-testing in mind. It offered a unique and private experience to it's homeowners, and while other golf courses today are opening up their doors to welcome non-property owners, Lahontan remains private to homeowners and guests only. Today it still offers upscale amenities such as the Lahontan Camp, a localized sierra family-fun center, complete with pool, indoor recreation center, basketball, tennis and bocce courts, and planned children's activities. The Lodge, located at the start of the 18-hole Tom Weiskopf designed golf course, houses the golf shop, a fine dining restaurant, the Spa and fitness facility. If this amenity model sounds familiar, it's because it is the same model, albeit on a smaller scale, that the developers used to build Martis Camp upon. A member of the Lahontan club, whether social or golf, is sure to appreciate the tasteful quality of the amenity buildings themselves, as well as the care they receive from Lahontan Club employees. A bonus amenity in the form of a 9-hole par 3 course also snakes its way through the outlying northern side of the community, and therefore increases the opportunity to build on a beautiful golf course lot. Positioned within view of Lookout Mountain at Northstar, and Mt. Rose in Nevada, Lahontan offers some of the most outstanding view lots in our area.

But how's the real estate market, you say? Last year Lahontan sold 12 homes and 17 lots, standing in the shadow of Martis Camp's unprecedented year in sales. Its true, Martis Camp does have a leg up on Lahontan in unparalleled "camp" experiences for it's property owners, but the price point is unparalleled as well. So far for 2011, Lahontan has gotten off to a slow start in home and lot sales, but with glaringly terrific values to be had, I expect summer sales to dramatically increase. 3 homes have sold in 2011, from $1,100,000 (at 70% of original asking price) to $1,800,000 (94% of original asking price) and 5 lots have sold between $85,000 and $180,000, at an average of 61% of original asking price. There are currently 23 homes on market, and 1 contingent. Lots are abundant at 49 active, ranging from $89,000 to $439,500, and many include social and golf memberships. My recent Lahontan tour resulted in 3 favorite homes: 12239 Pete Alvertson, listed at $1,395,000. It has an outstanding golf location with lot privacy, a unique southwest meets Tahoe style build, and cantelevered walls; 131 James Reed, listed at $1,875,000. This is the only home on market with a 4 car garage, and offers a sensible floorplan not commonly seen in a Lahontan home, and timeless upscale finishes; 8418 Lahontan Drive, listed at $2,195,000.  This home has interesting and signature iron-work features, a 3 car garage and guest cottage above, and beautiful golf course and pond views.  All are listed within an acceptable price/square foot range of $419-$458/square foot. 
 
It's time to give Lahontan a second-look.  It obviously has a winning amenity model, it's price point is attractive to more buyers than Martis Camp and land prices are the lowest since it's inception.  No time like the present to join me on a Lahontan tour today!