Sales at Tahoe Beach Club luxury condo development surpass $100 million
March 13, 2018
Tahoe Beach Club continues to see sales success, so much so that the luxury development has set a record-breaking sales pace for Lake Tahoe real estate projects, according to a marketing and sales firm.
During the first 15 months of pre-construction sales, 41 of 46 Phase 1 residences sold for a total of $102 million, according to IMI Worldwide Properties, a luxury real estate marketing and sales firm.
Tahoe Beach Club, a new private residential community on the southeastern shore of Lake Tahoe, is the first residential community to be approved on Lake Tahoe in more than 30 years.
"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," Mike Collins, founding partner and chief executive officer at IMI, said in a press release. "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 offer 143 two- to five-bedroom condominium residences, according to IMI.
The development will be anchored by the Beach Club, a community hub designed by renowned architect John Sather of Swaback Partners.
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Tahoe Beach Club will offer amenities including fine and casual dining; a yoga and pilates pavilion; a premier fitness facility; business center; concierge services; and a full-service spa.
Outdoor recreation includes cabanas and fire pits, a 160-foot floating pier, boat valet service and an infinity-edge pool overlooking Lake Tahoe.
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 is being secured at this time.
Tahoe Beach Club Residences start at $1.3 million. Visit http://www.thetahoebeachclub.com or contact IMI at 775-285-9440 for more information.