Lahontan – A Private Community for the Quiet LifestyleDylan Griffin, August 7, 2014 in Lahontan, Real Estate
Lahontan is Truckee’s original private golf course community which continues to be an ideal destination for our premium home buyers. The benefits are both in its central location and style of living. While here you are in a private, gated community with access to a world class golf course and clubhouse amenities. It’s location in town allows incredibly easy access to and from I-80 as well as Northstar mountain.
Looking at current market conditions Lahontan has been incredibly active. There have been 8 homes sold since the beginning of the year with 12 currently on the market. Homes sold have all ranged between $1,000,000 and $2,000,000 and homes on the market are starting at $1,525,000 going up to $5,899,000. This certainly shows its place among the premier real estate market.
Also, throughout the established single family home community are still very attractive home sites which have been incredibly active lately. This year there have been 16 home sites sold with 27 currently on the market. The average price per sale is $207,000. This number is important while looking at other similar communities. Grays Crossing for example has had very similar numbers this year with 17 home sites sold and 24 active on the market. The average sales price here is $118,847. Grays Crossing is absolutely one of Truckee’s top tier areas but with less than $100k difference you can jump from a public community to a private community. You see a huge difference, and benefit in my opinion, when you look at Martis Camp where there are 25 home sites on the market and only 5 sales this year. These sales have an average price of $1,162,000. Martis Camp is the newest generation of private club which is indeed packed with amenities and activities but all similar to what you enjoy at Lahontan. An almost $1M difference is a significant increase in cost for a relatively comparable style of living.
We are continuing to see that lifestyle and activities with family are important above all else. Our vacation buyers express that their main reason for purchasing a home in the Tahoe area is to be able to get away and spend time with friends and family. Lahontan offers a perfect place to do this with its quiet lifestyle and private amenity access. With the stability of the club and price relative to other neighborhoods around town, Lahontan is a great choice for a vacation home.
Featured listing in Lahontan:
405 Carrie Pryor
4 Bed / 6 Bath / 5,256 Sq. Ft.