Pre-existing residential homes, condos, and new builds remain in demand during this current low inventory housing market. Indicated in our last newsletter, our 2021 Market Year-End Report shows that inventory remains scarce, and the Tahoe-Truckee real estate market needs more inventory to stimulate a long-term, stable housing market. Inventory is coming in the form of luxury condos slated to break ground this spring 2022.
Last week, Palcap FFIF LLC and Greenwood Homes announced their luxury development in Incline Village, Nevada. The Nine 47 Tahoe development is a luxury condominium with mountain modern design that will add 40 units of inventory. Located on the north shore of Lake Tahoe, this development will encompass two acres along Tahoe Boulevard about a mile east of the Mount Rose Highway.
The units range from 1,525 to 4,171 square feet and start at $2.5 million up to $7 million. There are options of two-bedroom, three-bedroom, and penthouse units offered with amenities to include a rooftop deck with wraparound views of Tahoe and the mountains. For more information on this development, click HERE.
Images are from The Nine 47 Tahoe website; these renderings are conceptual for representational purposes only and are subject to change.
Reach out to me to get notified of other inventory opportunities before they come to market. Maybe you are thinking about selling your home, then let me add your property to the low inventory market.