Castle on Lake Tahoe Reduced $4M to $18,850,000

The Lake Tahoe, Incline Village Castle located on Lakeshore Drive

Lake Tahoe's Incline Village Castle has been drastically reduced in price to $18,850,000.  I just received the following email from the owner regarding the current status of the offering.

"Dear Fellow Real Estate Professional:

We hope this letter finds you doing well and enjoying the uptick in Incline Village/Lake Tahoe real estate sales.

While we are encouraged that the market is showing a resurgence of activity, we have evaluated what has sold, as well as the properties currently on the market and we have decided to offer our Castle on Lake Tahoe property for what we believe to be a compelling value.  Effective immediately, our new offering price is $18,850,000 and as always, we are open to any reasonable offers.  

We appreciate all you have been doing to assist us in locating a buyer for our cherished property and we stand firm in our commitment to compensate any Broker who brings us a buyer.  Further, should you wish to propose any joint marketing opportunities we are open to your suggestions..." 

If you have an interest in an exquisite lakefront property in Incline Village, on the tax favored Nevada side of Lake Tahoe, contact me at Randy@RandyBull.com or 775-771-7338.

Thank you for viewing the Lake Tahoe / Incline Village / Crystal Bay Real Estate Blog.  For more info or discussion contact me directly at Randy@RandyBull.com or 775-771-7338.

INCLINE & CRSYSTAL BAY MLS LISTINGS REDUCED (19) PAST 7 DAYS as of 4-16-11

Follow this link to review the price reduced properties. Seller motivation appears to be growing as listing season approaches.  The prices listed are the new reduced price.

If you would like pricing history on any listing, send me an email request via Randy@RandyBull.com.

PRICE REDUCTIONS PRIOR 14 DAYS as of 3-2-11

PRICE REDUCED - 345 COUNTRY CLUB DRIVE - NOW $2,345,000

This beautiful Incline Championship Golf Course home has just been reduced from $2,595,000 to $2,395,000.  New in 2005 this home sits right on the par 5 13th green with a western exposure.

HOTSHEET PRICE CHANGES - 25 OVER PAST 14 DAYS - as of 2-26-11

Follow the blog post title above to view all 25 reduced listings.  Prices displayed are the latest quote.  Motivated sellers are revising their prices down to generate buying interest in their properties.  A three bedroom Racquet Club unit at $204,500 asking is an attractive buy.

The 945 Miners Ridge property is in this group and is now in escrow.  The reduced to ask price is $850,000.

HOTSHEET BUY - 728 JAMES LANE NOW ONLY $799,000

This home sits on a great location in popular Lakeview subdivision.  It is now directly competing with free standing PUD condo properties, price-wise, that do not enjoy the large lot size this property affords.  Incline's Burnt Cedar Beach, the Lakeshore Drive walk / bike path and Village Shopping Center are all walkable.

NEW HOME - GREAT AREA AND LOCATION - $3,195,000

Was $3,700,000, now $3,195,000.  Probably the best located new, never lived in home, on the Incline market but still pricey.  A better location than the north side of noisy Lakeshore Drive.  Many buyers want to be south of Tahoe Boulevard and as close to the beach as possible.  This location has no negatives.  The plan is 4 bed, 3.5 bath, 3 car garage on .45 of an acre.  Price per square foot is $645.  Call me to tour it, Randy Bull, 775-771-7338.

BANK OWNED - 851 COLLEGE DRIVE - NOW $1,310,000

This property was caught right in the middle of the market downdraft.  It was originally priced at $2,600,000, now it is being liquidated at only $1,310,000 or $336 per square foot.

If you are in the market for a 4 bed, 4 bath, 3 car garage, 3,902 square foot home, call me for a tour at 775-771-7338

MLS CONDOS THAT WERE PRICE REDUCED OVER PREVIOUS 10 DAYS

JUST REDUCED - CONDOS - as of 6-29-10

Prices displayed are the new, lower ask price.  Write or call me at Randy@RandyBull.com, 775-771-7338..

JUST REDUCED - SINGLE FAMILY HOMES - as of 6-29-10

Prices displayed are the new, lower ask price.  Write me for pricing history on any specific listing.  I'll also provide what I know of the all important back story.

JUST REDUCED - MCCLOUD 251 WAS: $469,000 NOW: $449,000

Click on photo for additional images.  This unit has an open space view from the living room and deck.  McCloud units are great vacation escape properties, they are convenient, close to  Incline amenities and are easy to own and maintain.   Write for a current offering list  Randy@RandyBull.com.

JUST REDUCED!

Follow the link to view the Incline MLS price reductions posted over the past three days.  The price displayed on each listing is the new ask.  Write me with any questions about the back story or history of any Incline / Crystal Bay listing - Randy@RandyBull.com.

JUST REDUCED as of 6-4-10

Prices displayed are the new reduced ask price.  Write or call for the back story.

JUST REDUCED - as of 6-2-10

Prices displayed on the link are the new reduced ask price.  You can now buy a house in Incline for $349,000.  At the top of the market there were no listings below $300k.  The listing on Mercury Court is attractive at the new reduced price, nice interior.

JUST REDUCED - FIVE MORE PRICE REDUCTIONS - as of 5-28-10 PM

Prices displayed are the new, lower ask price.

BANK OWNED - NEW, NEVER LIVED IN, BUILT ON SPECULATION - data as of 5-26-10

PRICE REDUCTIONS as of morning 5-26-10

807 Alder, Woodstock unit 58, is now market priced well at $309,900 asking.

847 Jeffrey has been reduced from $750,000 to $740,000 and now $720,000. It appears as if there is motivation on that listing.

590 Pinto is now $2,599,000, down from $2,940,000. Back on 5/26/09 it was listed at $3,700,000.

05/26/10

TODAY'S PRICE REDUCTIONS as of 5-24-10

Sellers are becoming more realistic as the summer buy / sell season approaches.  Includes a great price on a Northwood Estates  Unit 26 3bed unit.