East Slope offers spectacular views of Lake Tahoe
Weekly Real Estate Update
Statistics gathered from the Incline Village MLS on 9-3-17.
Houses Condos PUDs
For Sale 124 67 31
Under $1 million 31 52 12
Median Price For Sale $1,695,000 $525,000 $1,150,000
YTD Sales 2017 108 123 33
YTD Sales 2016 111 134 33
New Listings 8
In Escrow 15
Closed Escrow 15
Range in Escrow $169,500 - $2,150,000
These statistics are based on information from the Incline Village Board of REALTORS or its Multiple Listing Service as of Sept. 3.
Incline Village and Crystal Bay are made up of a number of different subdivisions each with their own character and special attributes. While a lot of attention has been focused lately on properties in the Lakeview and Mill Creek Subdivisions, the parcels on the East Slope provide some of the most spectacular views of Lake Tahoe and nice sunny locations that you will find anywhere in our community.
If you are traveling uphill on Country Club Drive above Highway 28, the streets on your right that are carved into the mountainside (not including Ski Way and it’s offshoots), comprise the neighborhood that is generally referred to as the East Slope.
While you can still find the occasional cabin or chalet that was built in the 1960s or 1970s, there are a significant number of newer homes that exude a mountain style elegance and luxury that will satisfy even the most discriminating buyer. Since coming out of the Great Recession, we have seen a number of properties in this subdivision undergoing major transformations, including the occasional tear down and rebuild project.
As of this writing there were 13 single-family homes on the East Slope listed for sale on the Incline Village Multiple Listing Service. Prices range from $1,089,000 for an older home on Mountain Lake Court all the way up to $12 million for a palatial estate on Alpine View Drive. Many of the properties have street-to-street lots of one-half acre or more. You will occasionally find nice size chunks of U.S. Forest Service land strewn throughout the neighborhood. This helps to provide an additional sense of privacy and makes some parcels more desirable than others.
With excellent sun exposure, properties situated on the East Slope tend to stay pleasantly warm in the wintertime. Even the largest houses will generally have moderate heating bills when compared to similar size properties in other parts of Lake Tahoe. Some homeowners have taken advantage of the power of the sun by installing solar panels, which help to further reduce their monthly utility bills. And you would be hard-pressed to find a better place to enjoy spectacular sunsets!
Adding to the ambience are a few creeks that will generally run year-round in a normal hydrology cycle. After the big winter we had last year, you can still see and hear these creeks tumbling down the mountainside as we approach autumn. A wide variety of native wildlife call the East Slope their home including bears, deer, coyotes, along with the obligatory rabbits, squirrels, and chipmunks. If you keep an eye on the sky you may be lucky enough to see hawks and eagles soaring overhead either searching for prey or just riding the thermal currents.
What you will not find on the East Slope are large condominium developments. There is one significant group of freestanding condos located at 725 Fairview Blvd., known as Incline Pines. Otherwise, this neighborhood is characterized by single-family homes on relatively large lots.
The proximity to the Diamond Peak Ski Area and quick access to the Mount Rose Highway are additional benefits enjoyed by property owners in this locale. If you like abundant sunshine, spectacular lake views and colorful Tahoe sunsets, then the East Slope may be just the right place to focus your search for a property on the Nevada side of North Lake Tahoe.
Sabrina Belleci and Don Kanare are the owners of RE/MAX North Lake. Read their blog and find weekly stats on their website at http://www.InsideIncline.com.