Totaling $102 million in sales, the first new residential community on Lake Tahoe in 30 years nears Phase 1 sell out pre-construction — setting a record-breaking sales pace for Lake Tahoe real estate projects.
During the first 15 months of pre-construction sales, 41 of 46 Phase 1 residences at Tahoe Beach Club, a new private residential community on the southeastern shore of Lake Tahoe, were sold. The record-breaking sale was announced by MI Worldwide Properties, a leading luxury real estate marketing and sales firm.
A scarcity of new construction along the Lake has fueled high demand for the initial release of residences as the residential community presents a singular opportunity to own a home with direct private access to one of America’s most iconic landmarks.
“Reaching a near sell out of Phase 1 pre-construction is a remarkable milestone. The fact that a property like this may not come again for many years is certainly a driver for buyers who want to secure their family’s legacy on the Lake,” said Mike Collins, founding partner and chief executive officer at IMI. “Tahoe Beach Club offers not only a matchless location and modern lifestyle amenities, but also the benefits of a friendlier Nevada tax climate. Given this rare trifecta we’ve been able to achieve record sales prices while also keeping sales at a high velocity never before seen in the Lake Tahoe market.”
Set to open this fall, Tahoe Beach Club will bring a wholly unique living experience to the Lake. The 143 two- to five-bedroom condominium residences will be anchored by the iconic Beach Club, a world-class community hub designed by renowned architect John Sather of Swaback Partners. Known for high-profile, family-centered projects such as the Family Barn at Martis Camp (Truckee, California) and The SHED at Promontory Club (Park City, Utah), Sather’s Beach Club will differentiate Tahoe Beach Club by offering owner’s the best of today’s lifestyle amenities right out their front door, including fine and casual dining; a yoga and Pilates pavilion; a premier fitness facility; business center; concierge services; and a full-service spa.
“Reaching a near sell out of Phase 1 pre-construction is a remarkable milestone. The fact that a property like this may not come again for many years is certainly a driver for buyers who want to secure their family’s legacy on the Lake.”
Outdoor recreation awaits on the private white sand beach complete with cabanas and fire pits, a 160-foot floating pier, boat valet service and an infinity-edge pool overlooking Lake Tahoe. Hiking, biking and exploration are steps away within the surrounding 300+ acres of national forest and meadows to the north, or owners can hit the links at neighboring Edgewood Tahoe Resort and Golf Course. Tahoe Beach Club is also just minutes from Heavenly Ski Resort and all the excitement, entertainment and dining found in South Lake Tahoe, a destination experiencing a significant transformation as an influx of innovative restaurants, craft breweries, upscale hotels and entertainment venues attract a new generation of visitors to play and stay.
The residences at Tahoe Beach Club meld modern mountain livability with the timelessness of Tahoe. Materials have been creatively layered — wood abuts stone and metal create a contemporary textural vibrancy. Throughout the mountain modern residences, custom lighting, wide expanses of windows, large decks, fine appliances and appointments all speak to an elevated, active and relaxing lifestyle while maintaining an understated elegance. With special attention paid to comforts and conveniences such as sound attenuation and underground parking with elevator access directly into residences, Tahoe Beach Club brings a heightened living experience appealing to today’s modern families.
The Initial Release of Phase 2 residences will take place this spring, and will be treated on a first come first serve reservation process, which are being secured at this time. Residences start at $1.3 million.
For more information, visit ww.thetahoebeachclub.com.
Moana Residence, located within the first luxury development to come to Kona Coast in more than a decade, has sold for a record $16.5 million.
The record-breaking sale of Moana Residence, announced by Kohanaiki, caps off more than $120 million in sales for 2017.
Situated within the 450-acre private club community of Kohanaiki, the Moana Residence offers members access to Kohanaiki’s spectacular Clubhouse, complete with a restaurant and bar, a pro shop, exercise pavilions, world-class spa facilities, a four-lane bowling alley, movie theater, poker room, wine and cigar member lockers, private dining rooms, recreation room, wine and beer tasting rooms and member locker rooms. Outdoors is a 25-meter lap pool, sun deck and event lawn, all with striking views of the Kona Coast and Pacific Ocean.
The Clubhouse complements the Rees Jones course, a 7,329-yard course laid out through ancient lava flows that winds along a mile-and-a-half of Pacific Ocean coastline. Kohanaiki, nestled near the town of Kailua Kona, was created to seamlessly blend into its coastal environment, earning it Silver Certification by Audubon International.
Kohanaiki’s membership is associated with the purchase of real estate at Kohanaiki, with homes ranging from $3 million to over $22 million.
Photos courtesy Kohanaiki