Luxury real estate remains hot.The real estate market is slowing? You wouldn’t know by talking to the folks at the new Chateau at Heavenly Village in South Lake Tahoe. They hosted their first limited release offering for the project on February 23 at San Francisco’s Fairmont Hotel, and in just three hours sold more than $20 million in real estate.
Prices started at $500,000 and topped out at more than $3.4 million for the luxuriously furnished studio, one, two and three bedroom hotel-condominiums.
In addition to being the largest single day volume of South Lake Tahoe real estate sales ever, the projects $20 million in sales exceeded the total volume of home and condo sales in all of South Lake Tahoe for 2007. Units sold in excess of $1,300 per square-foot, which establishes a Tahoe area benchmark that exceeds prices in most mountain resort communities.
Yes, this project’s popularity is refreshing news for the real estate industry in Lake Tahoe. If you’re interested in the Chateau at Heavenly, contact Intero Resorts and New Homes & Developments.
Read our blog postings on this development:
Intero Resorts Presents: The Chateau at Heavenly Village