Overall, we are looking at a nice downward trend statistically speaking when it comes to distressed properties. Only about 8% of the properties currently for sale on the Incline Village real estate market are short sales or bank owned which is a significant drop from an average of 23% during the last three years.
High-end luxury buyers looking for a spacious panoramic Lakeview home will want to check out the beautiful property at 547 Sugarpine Dr. Priced at $3,850,000, this six bedroom, 6.5 bath, 8316 square-foot home sits on a lot that is nearly one half acre in size and runs Street to Street like many of the nicer properties in the neighborhood. If you have been looking in this price range, this place should be on your shortlist.
The little cabin at 1120 Lakeshore is now at aprice that gets me excited. Getting $139,000 lopped off the asking price, it's only $599,000 and there are plans to build a nice replacement home. Contact me pronto, because at this number I expect it won't be around by the time I write a column later in the week.
Don Kanare is a Realtor at RE/MAX Premier Properties Read his blog and weekly stats on his Incline Village Real Estate web site at www.InsideIncline.com
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