Squaw Valley Homestead


16Oct 2014

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Squaw Valley Homestead | 325 Squaw Valley Road

The historic Squaw Valley Homestead Ranch is a rare opportunity for discovery, inspiration and stewardship.

Held and safeguarded for decades by the Valley’s founding family, this extraordinary land embodies all of the elements which reflect the early mountaineering spirit of life in the Sierra Nevada. Protected and thoughtfully tended by the legendary Poulsen family since the early 1940’s, this is the most coveted landholding in Squaw Valley.

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Spectacular big mountain views surround the land in all directions. The ranch is a mix of open meadow lush with grasses and wildflowers, dense stands of pine, and groves of aspen trees. The land is alive and diverse with year ‘round ponds and flowing water that attract riparian wildlife. The Washoe Indians summered on the property along Squaw Creek where a grinding stone remains and arrowheads have been discovered.

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The custom-crafted main home is designed with the quality and detail of a true European chalet, with four bedrooms and four and a half baths. The large stone fireplaces, expansive windows, massive redwood beams and wrought iron accents give the home a timeless mountain feel, which creates a perfect rustic retreat from the world, or a staging area for a more substantial estate-level home.

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Importantly, this exceptional 29.6 acre assemblage offers multiple development sites and opportunities for conservation, in addition to numerous options for the construction of a new residence for the owner, whether a family or corporate entity.

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For those who seek a pristine private retreat from the world, but also want to be close to Tahoe’s recreation, arts and entertainment, this rare opportunity to craft and define the last and most significant landholding in the heart of Squaw Valley may never come again.

Historical Significance

Wayne Poulsen, a legendary ski pioneer and visionary, is best known as the founder of Squaw Valley Ski Resort. As an eleven-year-old Boy Scout, Poulsen built his first pair of skis, throughout his teens he worked as a snow surveyor learning to skillfully navigate the snow covered Sierra. This began a life long passion that would influence the history of skiing in the Sierra Nevada in profound ways.

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In the early 1930’s as a high school student on a fishing trip to Squaw Valley, Poulsen envisioned a dream to build a world-class ski area on the granite peaks above the breathtaking valley.

Early Squaw Valley Ski Expedition

While waiting for his orders to serve as a flight instructor in the war, Poulsen worked as a ski instructor in Sun Valley, Idaho. He quickly fell in love with his first and only student, a New York socialite, Sandy Kunau. They were married in 1942 at the Santa Monica oceanfront home of famous Hollywood actress, Norma Shearer, beginning a deep and adventurous life long love affair.

Wayne and Sandy in Sun Valley, Idaho

In 1943 they purchased 640 acres from the Southern Pacific Railroad. Poulsen swept Sandy away from her upscale life in Manhattan and moved her into a tent in Squaw Valley, where they camped on the original homestead site along Squaw Creek. The couple summered here, bathing in the creek and eating fresh trout and venison.

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On an early skiing expedition together, they hiked to the top of a mountain, where Wayne made a quick decent of the steep slope. Waiting at the base, he counted as Sandy traversed the slope, making kick turns in the trees, twenty-two of them. Wayne named the famous run, KT-22 after Sandy.

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In 1948 Wayne partnered with Harvard graduate and lawyer, Alex Cushing and investor, Laurance Rockefeller. Wayne’s dream to create a world-class ski area began to take shape when together they founded Squaw Valley Development Company. Cushing was an aggressive developer, in contrast to Wayne’s conservative approach that respected and protected the mountain environment he loved. The Partnership ended just before opening day in 1949. The 1960 Winter Olympic Games brought Squaw Valley worldwide recognition and the realization of Wayne’s boyhood dream.

Skiing is a Family Affair

Wayne and Sandy went on to purchase approximately 2,000 acres of land, forming Squaw Valley Land and Livestock Company. They continued to build and shape the Squaw Valley community they loved.

Wayne overlooking the meadow he fought to protect.

In preparation for the 1960 Winter Olympic Games the IOC, USOC and the State of California had a plan to pave over part of the valley floor. Using all their personal resources, Wayne and Sandy fought to protect the iconic Squaw Valley meadow. They single-handedly blocked 150 acres of meadow from being paved over and used as the site of a sewage treatment plant.

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Wayne and Sandy raised eight children, two of which represented the U.S. in the 1972 Winter Olympics, and one became All American. Wayne Poulsen was inducted into the Athletic Hall of Fame for skiing in 1974. He was elected to the US National Ski Hall of Fame in 1980. In 2004 Sandy and Wayne were awarded a Lifetime Achievement Award from the Squaw Valley Institute. In 2005 Poulsen Peak was named to honor this legendary skier and his legacy.

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With all the land in Squaw Valley to choose from, it is here that the founding family chose to live and build their dream home. Included in the acreage is the original campsite along the banks of Squaw Creek they called home as newlyweds.

SquawValleyHomestead.com  |  Historical photos courtesy of the Poulsen Family

This property is represented by Tamara McKinney and Jeff Hamilton of Sierra Sotheby’s International Realty | 775.832.4900 | SierraSothebysRealty.com

Seven Lake Tahoe Real Estate Office Locations:
Incline Village | South Lake Tahoe | Squaw Valley | Tahoe City | Tahoe Donner | Truckee | Zephyr Cove

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South Lake Tahoe Food & Wine Festival


15Oct 2014

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LAKE TAHOE FOOD AND WINE FESTIVAL

Enjoy an entertaining weekend of food and wine that will showcase the talent of Celebrity Chef Rocco DiSpirito and Mark Estee. Chef Rocco DiSpirito is an award winning chef and author of ten highly-acclaimed cookbooks, including The Pound a Day Diet. Chef Mark Estee is chef and owner of the popular Campo in Reno and regarded as a community leader and nationally recognized chef. Estee is dedicated to building a thriving restaurant culture in both Lake Tahoe, California and Reno, Nevada.

EVENTS:

Grand Market Expo with Demonstrations by Rocco Dispirito
Saturday, October 18 Noon-3pm
Harrah’s Special events Center

Ignite your taste buds at South Lake Tahoe’s signature Food and Wine Festival event. The Grand Market Expo offers a tasting village that will excite, inspire and amaze you. Enjoy a wide selection of foods, wines, craft brews and liquors from culinary masters. This is a true flavor adventure during the three hour journey throughout the Special Events Center.

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Marcus Johnson Flo Wine Tasting
Saturday, October 18, 2014 4pm-5pm
The Summit
Flo Wines with famous Jazz musician Marcus Johnson

FLO Brands is a lifestyle company created by Marcus Johnson, an internationally renowned, Billboard Top 10, NAACP Image Award-nominated jazz musician and entrepreneur from Washington, DC. Johnson’s unique, self-taught style of piano play, has earned him distinction among his peers, praise within the media, and accolades across the music industry.

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Chef on Stage: Rocco DiSpirito
Saturday, October 18, 2014 8:00pm-9:30pm
Cooking Demonstration
South Shore Room

Enjoy a 60-minute inspiring cooking demonstration with Celebrity Chef Rocco DiSpirito, award winning chef and highly acclaimed author of ten cookbooks including, The Pound A Day Diet. During the show Chef Rocco DiSpirito will teach you some of his recipes while answering questions.

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Whiskey Tasting
Saturday, October 18, 2014 3pm-4pm
Sage Room
Dr. Thomas Turner Master of Whiskey

Whiskey Tasting will offer an hour with Dr. Tom Turner, Master of Whiskey. Hailing from Kentucky, Dr. Turner always appreciated quality bourbon and now as a Diageo Master of Whiskey he expands his knowledge of all whiskies on a daily basis. Dr. Turner will guide you through your own personal discovery and understanding of this spirit.

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President Dinner: Rocco DiSpirito
Saturday, October 18, 2014 5pm-7pm
19 Kitchen * Bar
Prepared meal with wine dinner

Chef Rocco DiSpirito will be running the kitchen at this President’s Dinner. This intimate three-course meal offers mouth watering pairings while he explains his masterful ingredient choices. Chef Rocco DiSpirito will share his experiences in the culinary industry as well as preparation secrets and cooking techniques. Questions are highly encouraged at this one of a kind dinner party.

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Farewell Brunch: Hosted by Rocco DiSpirito and Mark Estee
Sunday, October 19, 2014 9am-1pm
Forest Buffet
Farewell Brunch will include two items prepared by Rocco DiSpirito as well as two items prepared by Mark Estee
Tickets available for purchase at the Forest Buffet.

The brunch will take place in the Forest buffet with the beautiful views of the Sierra Nevadas as your background. There will be two items prepared by Chef Rocco DiSpirito as well as Chef Mark Estee. Chef Mark Estee, has a reputation for supporting local farmers and food suppliers. He is the owner of seven restaurants where his entrepreneurial spirit is evident in the items he touches. Chef Rocco DiSpirito is on a mission to prove “healthy and delicious” are not mutually exclusive and is out to spread the word of healthy eating.

Sierra Sotheby’s International Realty | 775.832.4900 | SierraSothebysRealty.com

Seven Lake Tahoe Real Estate Office Locations:
Incline Village | South Lake Tahoe | Squaw Valley | Tahoe City | Tahoe Donner | Truckee | Zephyr Cove

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Best Fall Hikes In Lake Tahoe


15Oct 2014

Time to dust off your favorite hiking boots, bundle up, and embrace the solitude and beauty of Lake Tahoe in the fall. Locals know autumn is one of the best seasons to hit the trails because an array of colorful foliage, cooler days, and fewer crowds are all the motivation we need. From  Mount Tallac to Five Lakes, here are our top five picks for Tahoe’s best fall hikes.

Tahoe in the FallMount Tallac, one of Tahoe’s highest peaks is a favored destination for hikers and has been called the jewel in the crown of the Sierra Nevada Mountains surrounding Lake Tahoe. From the Mount Tallac Trail Head there are three options. The first two options provide easy to moderate hikes, Floating Island Lake is just over one and a half miles one-way and Cathedral Lake is two and half miles one-way. The spectacular climb to the top is classified as difficult, but well worth the ten mile round trip. The summit delivers unparalleled vistas from 9,735 feet above sea level. The picturesque route takes you along scenic ridge lines, through lush forest and meadows, and skirts high alpine lakes.

Marlette Lake, an intermediate uphill hike, boasts one of Tahoe’s most dramatic displays of fall colors.The trail winds through the aspen lined North Canyon to Marlette Lake. If you’re looking for striking color, this five mile round trip hike provides the biggest bang for your boot.

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Mt. Rose offers spectacular views of the Lake, Reno, and the Tahoe basin. The hike is strenuous with the last two miles following switchbacks to the soaring ridge line. Listen to the rustle of the breeze through the mule ears the first few miles as the trail meanders up to a meadow that signals the half way point.  Don’t forget to sign the log book when you make it to the top.

Eagle Falls Trail Head is accessed from Highway 89 at Emerald Bay and is surrounded by some of the most beautiful scenery in California. The short moderate two mile round trip hike provides spectacular views as you follow a creek bed up through a ravine toward the desolation wilderness trail. This popular hike offers breathtaking views of some of California’s most gorgeous landscapes.

Five Lakes, one of California’s best day hikes can be crowded with hikers and dogs on busy summer weekends making this hike an ideal choice for fall. Five miles round trip, the trail climbs aggressively the first quarter mile with switchbacks becoming more gradual as you climb through a magnificent granite canyon. At the top, five pristine alpine lakes are scattered, flanked by granite boulders, towering red fir trees, and large rock outcroppings. Pack a lunch and spend the day exploring, can you find all five lakes?

Sierra Sotheby’s International Realty wishes you a safe and enjoyable Autumn season in Lake Tahoe where California and Nevada meet. Contact the U.S. Forest Service Lake Tahoe Basin Management Unit at 530.543.2600 for more information.

Sierra Sotheby’s International Realty | 775.832.4900 | SierraSothebysRealty.com

Seven Lake Tahoe Real Estate Office Locations:
Incline Village | South Lake Tahoe | Squaw Valley | Tahoe City | Tahoe Donner | Truckee | Zephyr Cove

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Q3 Micro Market Summary for Lake Tahoe


10Oct 2014

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Spanning 72 miles of Lake Tahoe shoreline, two state lines and a handful of California and Nevada counties and four multiple listing services, the Tahoe, Truckee and surrounding area real estate market is about as diverse as the area’s recreational offerings. Market trends can vary dramatically from neighborhood to neighborhood. With such a wide range of real estate options and price points, data from a select community or a single high dollar sale can skew the region wide statistical trends significantly. Therefore, when making the big financial decision to purchase or sell a home in the Truckee /Lake Tahoe area it’s important to understand what’s happening in the local market at large but it’s also a good idea to take a closer look at the micro market data for a unique neighborhood of interest.

Sierra Sotheby’s International Realty compiles quarterly and year-end reports of micro-market statistics to help buyers and sellers navigate the different micro market trends in order to make better real estate decisions. Their 2014 3rd Quarter Micro Market Report is now available online.

In looking at the data, Sierra Sotheby’s agent David Hipkins says, “It must be emphasized that this is not an urban market, and that it is still driven principally by those with discretionary income. It is therefore unrealistic for us to expect to match the more frenetic, ebullient appreciation rates currently being experienced in markets such as the San Francisco Bay Area and New York City.” The overall statistics, however, reveal positive general trends for the Truckee / Lake Tahoe real estate market.

Much like our Bay Area feeder markets, the overall Tahoe Truckee market continues to be defined by a lack of inventory. This has resulted in increased valuations across most micro markets and with the exception of the Lakefront market and a few popular micro markets like Martis Camp, Old Greenwood, Donner Lake and Southwest Reno (to name a few) total transaction volume remains below traditional levels.

Although the overall residential sales numbers have edged down during the third quarter of the year, pricing for luxury and lakefront sales remains strong. Serious buyers are selectively looking for higher-end properties, and moving quickly when they find the right combination of features, including newer construction, access to a lakefront pier or sandy beach, or panoramic lake views for off-lake properties.

“New listings, priced correctly, are receiving lots of attention and in many cases attracting offers within a matter of days,” explained Sierra Sotheby’s International Realty agent, Randy Roesch.

Sierra Sotheby’s International Realty agents offered a quick snapshot of what’s happening in the area’s different micro markets:

INCLINE/CRYSTAL BAY
“We continue to see strength in the Lake Tahoe, Nevada luxury and lakefront market,” says Sierra Sotheby’s International Realty agent Lexi Cerretti, “Only 7 lakefront homes (2 indirect) have sold to date in 2014, as compared to 10 lakefront homes (2 indirect) sales at this point last year. Average price is down 7% to $7,592,857, but there were 4 sales over $10 Million both in 2013 and 2014. Days on Market has also dropped more than half, to an average of 523 to 235 days in 2014. In fact, only two lakefront sales in 2014 were on the market for more than a month before going under contract. Lakefront buyers are being very selective, waiting for desirable amenities such as boat facilities or sandy beach (sometimes both) and newer construction or development potential. Patient buyers are coming to terms with sellers for the right properties.”

The Sierra Sotheby’s team Bruce and Sandy Soli commented, “The overall Incline Village market shows median and average prices trending upwards with average days on market declining. Although the number of homes that have been sold across the board are down significantly from last year, we appear to be inching towards a more balanced market.”

TRUCKEE | TAHOE DONNER
Truckee-based agent David Hipkins says, “Although we are seeing decent year-on-year gains in our attained average (11%) and median single family homes prices (15%), it should be noted that deeper analysis reveals that we are seeing a significant drop in the number of properties sold so far this year (27%), with a concomitant drop in total dollar volume realized year to date.” He adds that, “The Tahoe Donner condo market reveals a relatively more robust set of data, unsurprisingly, as the more modestly priced single family homes start to move away from both the first time home buyers and second home buyers on more of a budget, they are compelled to switch to condominiums and town homes. We have seen a significant increase in total dollar volume attained year to date, allied with a 35% increase in units sold. The trend in increasing unit sales will gently continue, as we expect the lower and middle priced single family home market segments to still remain robust.”

SOUTH RENO:
“Southwest Reno has continued to show us signs for a stabilized market,” says Sierra Sotheby’s International Realty agent Phil Reed.  “While prices are still up from the same time last year, the number of sales has dramatically slowed—in some areas all but to a halt. We are still seeing the most activity in the lower priced homes, particularly in the Galena/Rolling Hills area, Old South Suburban area, and also some in Saddlehorn and Callahan—anything that is priced well and under $500,000 seems to move quickest, given the “sweet” spot for 80/20 confirming loan limits.  There also seems to be a good demand for properties with more land or usable acreage priced under $500,000. The luxury market in Reno (as defined by price point over $750,000) has slowed significantly from Q1 and Q2, with the bulk of the activity in Saddlehorn, Fieldcreek, Old South Suburban, a few in ArrowCreek and a few in Montreux as well.  Buyer’s visits have slowed proportionately as well.  The ultra-high end (homes over $1.5M) has been the slowest moving in recent months. With five sales over $1.5 million, three of which were in Montreux.”

Sierra Sotheby’s Agent Christi Mercurio adds “What we’re seeing in Southwest Reno is that inventory and prices are holding steady year over year.  Old South Suburban Reno continues to be an attractive area with more and more popular high end retail shops and restaurants like Lululemon and Beaujolais coming to the area.  As we head into Q4 with holidays approaching and kids back in school, trends dictate that that sellers tend to be more motivated while buyers tend to be more serious.”

 EAST SHORE
“Overall sales numbers are down compared to this period last year, but with much of the distressed inventory gone, prices seem to be stabilizing,” explains Sierra Sotheby’s agent and Glenbrook resident, Claudia Thompson. “Highest sale prices rose in Zephyr Cove and Cave Rock and also on the off-lake condo sector.

The number of lakefront home sales for the East Shore was up for this year over the same period last year with 10 sales compared to 8 in 2013. The average price is down compared to last year where we saw a high of $20.9 million for a large lakefront estate. This year’s high so far has been $7.25 million for a newer home with sandy beach and permits for a shared pier in the Tamarack area south of Cave Rock. For lakefront buyers looking to purchase a property in Nevada, the East Shore is beginning to garner greater attention as savvy buyers realize there are some good buys along this large stretch of sandy beaches.”

SOUTH LAKE TAHOE
“It is such an exciting time for real estate here in beautiful South Lake Tahoe,” says Sierra Sotheby’s International Realty agent Jill Moffett. The Lakefront market continues to be a bright spot in South Lake Tahoe and the overall market has been on the uptrend over the past couple of years. We have seen the average sale price of single family homes increase 25% and the median price for single family homes rose 37% higher than 2013 prices prompting many buyers to jump on the opportunity to purchase their perfect Tahoe home. There is a renewed energy, rejuvenation and enthusiasm in South Lake Tahoe with the many new commercial developments and new homes that are starting to sprout up all over the California side of Lake Tahoe. We anticipate this will continue to contribute to increasing home prices.”

For full micro market data visit http://tahoerealestatediary.com/micro-market-reports/

Sierra Sotheby’s International Realty® local brokerage offices enable sellers and buyers to find representatives experienced in offering exceptional homes in Lake Tahoe. The Sotheby’s International Realty network currently has more than 17,000 sales associates located in approximately 720 offices in 52 countries and territories worldwide. Each office is independently owned and operated. For more information, visit www.sierrasothebysrealty.com, @SierraSIR on Twitter, “Like” us on Facebook, check out our blog at www.tahoerealestatediary.com or call one of our seven Lake Tahoe offices: (Squaw Valley) 530-581-1800; (Incline Village) 775-832-4900; (Zephyr Cove) 775-588-7710, (South Lake Tahoe) 530-494-7600; (Tahoe Donner)530-587-3505; (530) 582-6111 (Truckee) and (530) 582-1436 (Tahoe City) .

Featured Listing: Buffalo Creek Ranch


7Oct 2014

Buffalo Creek Ranch

Nestled at the base of the magnificent Eastern Sierra Mountains amidst northern Nevada’s oldest stand of Aspen trees lies Buffalo Creek Ranch. This picturesque, 34-acre Boutique Agricultural ranch, fruit and nut orchard, and Award-winning Vineyard is unlike any other location on Earth. Masterfully designed as a nostalgic nod to a time when the West was wild, Buffalo Creek Ranch is both sophisticated and fabulously playful, featuring idyllic covered bridges, a fully-restored 1923 caboose poker parlor, a firehouse complete with its own 1962 fire truck, a water wheel central utility building, and a Jack Daniel’s-themed train depot. All aboard! This truly unique and unrestricted Nevada property is dotted with tranquil ponds, cascading waterfalls and even a private picnic ground — the perfect opportunity for a one-of-a-kind family compound or stupendous commercial endeavor. Perfectly positioned at the base of the 10,000-foot snowcapped Job’s Peak is a fully-improved 1.5-acre home site, ready and waiting for the ultimate Mountain Dream Home. Write the next chapter in the Buffalo Creek Ranch legacy — your own.


Family Homestead • Boutique Agricultural Ranch • Vineyard • Fruit and Nut Orchard • Event Center • Corporate Retreat


Buffalo Creek Ranch Features

  • 34-acre master-planned boutique ranch
  • Set at the base of the Eastern Sierra Mountains // Protected from development
  • Private gated entrance lined with 200 Aristocratic Flowering Pear trees
  • Award-winning, 8-acre vineyard // 15-tons annual production currently sold to Tahoe Ridge Winery
  • Acres of fruit and nut orchards
  • 3 miles of hand-stacked rock walls, manicured grass edging and stained concrete roadways
  • No traditional property covenants, conditions, or restrictions
  • Two secure gated entrances
  • In tax-friendly Nevada // 20mins to Lake Tahoe’s South shore
  • 10mins to Minden-Tahoe Airport // 1hr to Reno-Tahoe Airport

Ranch House

  • 3,100sf Tuscan-inspired ranch house
  • 3 bedrooms // 3 bathrooms
  • Personal gym
  • Expansive terrace with views
  • 3-car garage with workshop and storage

Additional Buildings and Amenities

  • Guest hand-hewn log cabin featured in Log Home Design Ideas
  • 5,000 sf automotive workshop, garage, and repair bay
  • Jack Daniel’s-themed train depot
  • Fully restored 1923 Baltimore & Ohio caboose poker parlor
  • Firehouse complete with fully functioning 800-gallon 1962 fire truck
  • Water wheel central utility building
  • 4-acre pasture
  • 10 small ponds and 8 waterfalls
  • Northern Nevada’s oldest stand of Aspen trees
  • Ponderosa, Jeffery Pines and Sequoia Redwood trees enhance the natural landscape
  • Two year-round mountain creeks produce 30,000 gallons hourly
  • Two separate private security gate entrances/exits

Future Development Opportunities

  • Fully improved 1.5 acre home site at the base of snow capped Job’s Peak // Breathtaking views of lush Carson Valley // Accommodates dream home
  • 8.2 acres zoned FR-19 offers opportunity for helipad
  • 25.59 acres zoned SFR-1 allowing for multiple residences to create a family compound
  • Existing plans for two-story stable with 4 stalls

Property Maintenance

  • Complete underground utility infrastructure
  • Domestic and agricultural water wells
  • Numerous propane tanks
  • Underground power, telephone, cable television and Internet service
  • 55 KW back-up generator capable of running the entire ranch operation during the peak summer months

Tax-Friendly Nevada

  • Most owner-occupied single family residence and residential property taxes capped at an increase of 3% annually
  • Nevada has no corporate, personal, inheritance, or estate income taxes

This property is listed for sale by Diane Cohn  and Ann Marie Sear
Sierra Sotheby’s International Realty | 570 Lakeshore Boulevard | Incline Village, NV | 775.832.4900  SierraSothebysRealty.com

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Sierra Sotheby’s Significant Sales – Third Quarter 2014


3Oct 2014

Sierra Sotheby’s International Realty releases their third quarter significant sales for Lake Tahoe and surrounding area real estate. Between January and September 2014, Sierra Sotheby’s represented the sellers of 31 homes valued at over a million dollars totaling nearly $62 million dollars in real estate transactions. One of our most noteworthy sales included a $10,500,000 Incline Village, NV lakefront home that sold in under 45 days.  We look forward to announcing an even stronger fourth quarter.
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Sierra Sotheby’s International Realty | 775.832.4900 | SierraSothebysRealty.com

Seven Lake Tahoe Real Estate Office Locations:
Incline Village | South Lake Tahoe | Squaw Valley | Tahoe City | Tahoe Donner | Truckee | Zephyr Cove

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Shakespeare Ranch – A Legacy for Today’s Pioneer


3Oct 2014

 

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This 134 acre Landmark Tahoe lakefront Ranch is now offered for sale for only the second time in history. Shakespeare Ranch boasts vistas  as grand as Montana with nearby ski resorts steeped in Olympic heritage that rival Aspen and Vail, a lakeside golf course more intimate than Pebble Beach, and a yachting paradise on par with the Caribbean. The community offers a preeminent year-round lifestyle like no other single destination in the World with the added Nevada tax benefits – all just four hours from the San Francisco Bay Area and Silicon Valley, and under an hour by air.

DCIM102MEDIAProperty highlights include over 423 feet of sandy shoreline on Lake Tahoe, a 397-foot shared pier with boat lift, 5 boat buoys, and nearly 40,000 square feet of improvements including a historic entertainment barn built in 1865 with chef’s kitchen and plans for a new approximately 10,000 square foot estate home. There are 17 guest homes and cabins all named for Shakespeare works feature 22 bedrooms, 9 kitchens and many garages centered around a green with gazebo, in close proximity to the common buildings and amenities. The 5,111 square foot Entertainment Barn was built in 1865 then moved to its present location and restored by the current owners, outfitted with a gourmet kitchen and wine room for celebrity events. “They don’t make barns like this in Texas,” President Bush told the owners when he visited the Ranch one summer.

SR-Jeff-MitchumNamed for the protected meadow (glen) and year-round stream that flows through it (brook), the original settlement was founded in 1860. During the late 1800’s Glenbrook was home to the largest and most productive lumber operation in the Tahoe Basin. When the mining rush in the Comstock ended around the turn of the century, the lumber and mill town gradually transitioned into a summer resort community. With just a few small inns in the meadow and at the shore of Glenbrook Bay, the first visitors to the area arrived by stagecoach and by steamer from the West Shore. In 1906, the Bliss family assembled the Glenbrook Inn which included buildings from the original Jellerson Hotel and Lakeshore House. By the early 1900’s the once busy lumber operations had all but disappeared and Glenbrook had become the bucolic site of the Glenbrook Inn and Ranch. With railroad service from Truckee to Tahoe City and steamer service across the lake to Glenbrook, the Inn became the fashionable summer resort of affluent vacationers from around the country.

The current owner of the Ranch began his love affair with Tahoe as a youngster during family summer vacations at the lake. Buying their first property in Glenbrook over 30 yearsKeep Memory Alive ago, the family gradually acquired parcels around the original Glenbrook Inn and Ranch that now compromise this idyllic compound. The name is derived from the towering rocky outcrop, Shakespeare Rock, where early settlers claimed they could see the cameo profile of the “Old Bard”. Over the past 25 years, they have relocated and restored many of the historic structures and buildings and have worked with architect Marc Appleton in designing and new construction, taking great care to maintain the historic integrity of the original Ranch. The owners have been faithful stewards of this precious land holding and have helped to revive many of the old traditions such as the Rodeos that date as far back as the 1940′s and have added wonderful new traditions for the community to enjoy.

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Shakespeare Ranch combines vistas a New England style village and lies within the gated community of Glenbrook, the oldest settlement in Nevada founded in 1860 and modeled after ”The fairest picture the whole earth affords” describes the four season glory of Lake Tahoe, memorialized by Mark Twain. The tradition continues today as generations gather by the beach with pier and cabanas, riding to the clubhouse by golf cart for lunch, tennis, or a round of golf. Just minutes from California by boat, harboring Nevada tax benefits.

The annual “Glenbrook Rodeo” is a tradition dating back to the 1940′s, revived by the current owners in 2000, featuring bull riding, bronco riding, ribbon roping, and barrel racing. In addition to the rodeo, there are carnival games and a silent auction followed by an extraordinary dinner prepared by restaurateur Emeril Lagasse at the Barn. The evening also features a top-notch private performance by a surprise A-list entertainer. Past headliners have included Robin Williams, Jay Leno, Lionel Richie, Kenny “Babyface” Edmonds, Kenny Loggins and the band America.

a22Outside, the buildings frame a large central grass courtyard, the site of many parties on warm summer evenings, and fireside events when the snow flies. There is a grand Pool House with indoor pool and fireside dining, a fully equipped gym, an art loft, an executive office suite, a staging kitchen for catering, and guest bathrooms. There are horse stables with paddocks, a green house, vegetable gardens, animal enclosures, rodeo grounds with pens and bleachers where the annual “Glenbrook Rodeo” is held, and the iconic Shakespeare Rock monolith lies within the estate, a backdrop for this awe inspiring hamlet. Plans and permits are underway for a new main residence across from the shore with lake, meadow and mountain views. This grand home, along with the other remodeled cabins and guest homes, are the vision of renowned architect Marc Appleton. The new home is designed in the New England vernacular, in keeping with the historic clapboard and shingle style homes of this lakeside community. Plenty of space for entertaining is designed in the wrap-around deck, and grand spaces with indoor/outdoor living. Private living quarters will feature en-suite bedrooms on the second floor, with elevated views of Lake Tahoe and the Sierra, beyond.

The Historic Community of Glenbrook, NV consists of an area of approximately four square miles at Lake level elevation of 6,250’, with a full time population of less than 250 Glenbrook-cover-photoresidents and fewer than 300 homes. Of the approximately 750 acres within the community, only about 150 acres have been developed. The half mile of sandy beach amidst boulders and pine trees appears to have been taken from a Wyeth painting on the bold Maine coast, with waters so crystal clear boats appear to hover over their shadows cast above the Caribbean hued bay. Ideally located just a three to four hour drive from the San Francisco Bay Area, Silicon Valley, and Northern California Wine Country, and within 20 miles from two major jet serviced airports, Glenbrook, Nevada offers a unique accessible location tucked into the wilderness behind the community gates. No other land holding on the shores of Lake Tahoe can be created in the image of the historic Shakespeare Ranch, with its fields and streams, forest and mountain, sandy beach and crystal waters that open to some of most accessible, yet unspoiled shoreline, hidden coves and boulder bays alongside well provisioned harbors, waiting to be explored.

Read Wall Street Journal Feature Article

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For property details and updates visit:  TahoeLegacy.com

Listed exclusively by Claudia Thompson and Lexi Cerretti
Sierra Sotheby’s International Realty | 570 Lakeshore Boulevard | Incline Village, NV | 775.832.4900  SierraSothebysRealty.com | All Rights Reserved.

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Sierra Sotheby’s Carson Valley Estate Tour


22Sep 2014

 

You are cordially invited:
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Thursday, Sept 25th | 3pm-6pm
Tour a variety of spectacular Carson Valley homes and enjoy
wine, cheese and other refreshments along the way.

Carson Valley Estate Tour_Homes

Links and Map:

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266 James Canyon Loop, Genoa

2900 Hwy 395, Minden

1286 Mottsville Meadows, Gardnerville

200 Five Creek Rd, Gardnerville

755 Fairview Ln, Gardnerville

281 Fredericksburg Rd, Gardnerville

www.SierraSothebysRealty.com
The Leaders In Lake Tahoe Luxury Real Estate. Local Experts with Global Reach

Seven Lake Tahoe Real Estate Office Locations:
Incline Village | South Lake Tahoe | Squaw Valley | Tahoe City | Tahoe Donner | Truckee | Zephyr Cove

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Truckee | Tahoe Donner “State of the Union”


18Sep 2014

A “State of the Union”, so to speak, for the Greater Truckee Region and Tahoe Donner – The Median and Bellwether Community for the Greater Truckee Market  

Header Photo-Courtesy Truckee-based realtor David Hipkins

Home Sales Data - Although we are seeing decent year-on-year gains in our attained average (10%) and median single family homes prices (15%), it should be noted that deeper analysis reveals that we are seeing a significant drop in the number of properties sold so far this year (29%), with a concomitant 21% drop in total dollar volume realized year to date. Given the relatively large number of unit sales in this community of approximately 5,000 homes, the data can be deemed statistically significant (see latest Y-on-Y stats for Tahoe Donner, below, for hard data). It must be emphasized that this is not an urban market, and that it is still driven principally by those with discretionary income. It is therefore unrealistic for us to expect to match the more frenetic, ebullient appreciation rates currently being experienced in markets such as the San Francisco Bay Area and New York City.

Lot Sales Data - A leading edge indicator for the home market also reveals that the “spec” builders remain quite cautious in 2014. The data shows an 18% drop in total dollar volume realized year to date, with an 18% drop in the number of lots sold, and attained sold prices remaining basically flat.

Condominium Sales Data – A relatively more robust set of data for these owners, unsurprisingly, as the more modestly priced single family homes start to move away from both the first time home buyers and second home buyers on more of a budget, they are compelled to switch to condominiums and town homes. We have seen a 39% increase in total dollar volume attained year to date, allied with a 41% increase in units sold. The trend in increasing unit sales will gently continue, as we expect the lower and middle priced single family home market segments to still remain robust. At this time though, we are still not seeing much in the way of price gains.

David's Blog Post Stats

- Note that our available inventory continues to run a bit higher than last year, and this is true for all property categories.

Rentals - Interestingly, the market trends continue to support higher long-term rental income. Basically the majority of renters are having to pay a higher percentage of their income as rent these days, as incomes continue to remain relatively flat. However, the way ahead for short-term rental and ski-lease trends is difficult to call at this time.

Meanwhile, our high-end luxury markets, such as Martis Camp, the Lakefronts etc., continue to flourish, primarily due to the financial gains made by their exclusive socio-economic demographic buyer profile who remain unaffected by the sub-prime debacle. Overall, this remains a fragile recovery for a significant majority of our potential buyers.

Conclusion – Sellers need to be realistic at the higher price points, and for buyers there is still opportunity to obtain many homes for less than their current replacement cost, as new building codes and input costs continue to inexorably increase the cost of construction, especially given our snow loads and related engineering requirements. This is especially true for those who are willing to undertake some (cosmetic only) remodeling. The further up the price-point chain, the better the value.

 

www.SierraSothebysRealty.com
The Leaders In Lake Tahoe Luxury Real Estate. Local Experts with Global Reach

Seven Lake Tahoe Real Estate Office Locations:
Incline Village | South Lake Tahoe | Squaw Valley | Tahoe City | Tahoe Donner | Truckee | Zephyr Cove

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Sierra Sotheby’s International Expands Global Reach


15Sep 2014
Pat Riley of the Miami Heat

Pat Riley of the Miami Heat

“You never know when a casual conversation can turn into a lucrative relationship,”  -Philip A. White, President and Chief Executive Officer, Sotheby’s International Realty

The leading global luxury real estate brand landed on the shores of Miami Beach last week, coming from as far as Australia, New Zealand, Asia, Europe, Central America, The Caribbean, Canada, South Africa and even Dubai. Sotheby’s International Realty hosted its annual Global Networking Event (GNE) in Miami from September 8-11th, 2014 at the waterfront Fontainebleau Hotel.

Over 1,500 agents, brokers and owners filtered into the resort in the days preceding the event, many of whom were invited to select events held around the coastal venue. Members of Sierra Sotheby’s International Realty toured the Ritz Carlton Residences by boat. Comprised of 111 condominiums and 15 single family villas on seven acres, these modern and elegantly designed homes boast Italian craftsmanship, bayside amenities, rooftop pools, a 36 slip boat marina, and resort-style services.

VanDutch Yacht at The Ritz-Carlton Residences, Courtesy Lexi Cerretti

VanDutch Luxury Yacht at The Ritz-Carlton Residences, Courtesy Lexi Cerretti

Agents were treated to a yacht tour hosted by Raymond Bolduc, of ONE Sotheby’s, around the northern end of Gorce Island where celebrity Billy Joel recently sold his estate, a waterfront tour of avant guard Aqua Park, and up and coming Normandy Island, before heading through the narrows to Surprise Lake when the Ritz Carlton event was held. Upon approaching the dock, we were graced with the presence of a VanDutch, the most elegant yacht known to man with a price tag starting in the millions.

The main event commenced Monday evening, with a host of catered gatherings in the grand ballrooms and even a club night in the Liv nightclub. Wendy Purvey, Chief Marketing Officer, and Philip White, President and CEO of Sotheby’s International Realty hosted an extraordinary event, featuring guest speaker Pat Riley of the Miami Heat, and original motion picture productions featuring new innovative marketing tools to roll out next spring. The announcement was made halfway through the event that one of Sotheby’s Texas affiliates had just listed an 8 square mile ranch priced at $750,000, now the highest priced listing, worldwide. The listing agent sent his regards as he was too busy to attend the conference.

Surprise Waterway, Miami Beach, Courtesy Lexi Cerretti

Surprise Waterway, Miami Beach, Courtesy Lexi Cerretti

Daily breakout sessions were held, dedicated to agent knowledge & productivity, new marketing strategies and software. Top industry leaders lectured and presented insights and breadth of knowledge based on decades of property sales in a changing world of technology. We attended a Farm and Ranch session with several of the top agents in the market, including Suzanne Perkins, who just listed a $125 Million property in Montecito, and Bill Fandel who has the largest market share in ranch listings for Telluride, CO. We also spent an evening with our sister companies Fuller Sotheby’s of Denver and resort area CO markets, and Summit Sotheby’s partners in Park City, UT. As we are part of the same company, Majestic Realty, we collaborate on marketing and share resources under our leadership of Scott Webber and Thomas Wright. This mountain west resort market connection is valuable and we refer back and forth within our company as buyers and sellers looking for ski markets have a wide variety of aspects to consider in location, amenities, mountain culture, and tax planning.

Several of our Lake Tahoe agents were invited to a Bay Area Networking Event hosted by Decker Bullock and Dreyfus Sotheby’s Realty, which served as one of the best opportunities to connect with agents who represent buyers and sellers in our main feeder market. It was an opportunity to speak with the purveyors  of the most innovative marketing angles. Michael Dreyfus and his group have studied their market and demographic to understand what buyers and sellers really want from their agents and deliver. Their full service approach, from staging their homes to arranging repairs and maintenance make the process of home selling seamless for their extremely busy clients. Veteran broker and past owner of Sotheby’s Realty in Oahu Mary Worrall was present with their group of agents, unique in their link to the Japanese market strategically situated in the mid-Pacific with huge draw for Japanese tourism and relocation to the island.

There is only one firm in real estate that is able to connect individuals on a luxurious global level.  Sotheby’s International Realty presides in 53 countries with 750 offices and over 17,000 real estate professionals. Each affiliate office also showcases exceptional Management, Marketing and Administration Teams. The event’s success was rooted in the strength of  local members representing the brand as leaders in individual markets. The professional connections and common goal of linking qualified international sellers and buyers units this core group who represent the leading brand in global luxury real estate. We Are Sotheby’s International Realty.

GNE highlights included keynote speaker Pat Riley, the unveiling of the Sotheby’s International Realty next wave of forward-thinking technology and marketing initiatives and of course a little bit of networking at some of Miami’s hot spots.

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The Leaders In Lake Tahoe Luxury Real Estate. Local Experts with Global Reach

www.SierraSothebysRealty.com

Incline Village | South Lake Tahoe | Squaw Valley | Tahoe City | Tahoe Donner | Truckee | Zephyr Cove
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