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
The Chateau at Heavenly Village Holds Selection Event
Be among the first to choose from a limited release of properties
The Chateau at Heavenly Village, South Lake Tahoe’s newest luxury resort, is holding its first selection event at the Fairmont in San Francisco this month.
If you or your clients would like to be among the first to choose from the resort’s limited release properties, this is the time to do it.
The Chateau is located at the base of Heavenly Mountain Resort, just steps from the Gondola. It features a luxury condominium-hotel with 477 deluxe guest rooms that is part of a $420 million, 11.53-acre redevelopment project in South Lake Tahoe. For more details about the Chateau at Heavenly Village, read our December blog post.
Click here for an e-brochure on The Chateau at Heavenly Village.
At the event, the developer of the Chateau at Heavenly Village, the S&P sales teams and interior design team responsible for this fabulous luxury resort will be available to answer your questions. Folks from Vail Resorts and Rock Resorts will also be present.
SELECTION EVENT DETAILS
Date.
Saturday, February 23, 2008
Time.
12:30 PM: Reservation holder registration
1:00 PM: Selection event begins
2:00 PM to 4:00 PM: Event opens to the general public
Place.
Crown Room (on the 24th Floor)
Fairmont Hotel, San Francisco
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