Monday, May 15, 2017

Martis Camp luxury home development near Lake Tahoe has sold out - Sacramento Business Journal

Eleven years after sales began, a rare single-family home project near Lake Tahoe has completely sold out.

This week Developers announced the last original property sale for Martis Camp, a 671-home project on 2,100 acres south of Truckee and north of the Northstar ski resort.


Since sales began in 2006, the development has had more than 900 transactions and $1.5 billion in sales. The Martis Camp Realty Team will now concentrate on resale transactions, with 32 custom homes and 35 homesites, apparently previously sold but undeveloped, for sale.

Most sales in Martis Camp appear to have been at or above $1 million, with even undeveloped lots listed on the site currently at $795,000 or more. The highest resale lot currently on the site, about 1.15 acres, is listed for $2.35 million, while the highest home listing is at $9.495 million, for a house of nearly 9,800 square feet.

Martis Camp surrounds a golf course and offers private ski lift access to the Northstar California Resort as well as an on-site spa and “family barn” with a bowling alley, swimming pool, movie theater and other amenities.


Link to original article with image slideshow:  Martis Camp luxury home development near Lake Tahoe has sold out - Sacramento Business Journal:



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