Living in Incline Village Nevada
Many people don’t realize that Lake Tahoe is equally centered between the states of California and Nevada. On the North shore of Lake Tahoe, there are many differences in buying a home in California vs. Nevada. Perhaps the biggest draw for homebuyers is the fact that Nevada has no state income tax and other tax saving benefits.
Compared to the Nevada side of South Lake Tahoe, the casinos on the North side used to be older and more quaint. The Crystal Bay Casino and Hyatt Incline Village were always a bit more modern, but the old Cal Neva and Tahoe Biltmore are both undergoing renovations.
In fact, the renovation of the Tahoe Biltmore into an upscale resort, with private beach club is sure to transform Crystal Bay, which sits on the border between the two states. The old Beasley's Cottages on the California side of Tahoe Vista will become their private beach club. Crystal Bay, Kings Beach and Tahoe Vista will all benefit by these resort re-developments.
History of Incline Village
Like most of the North shore of Lake Tahoe, access was difficult in the 1880’s. Areas consisted of a few hotels, accessed by steamer boats or trains. While it may seem like Incline Village got its name from the steep mountains that surround it, that is not the case.
In the height of the gold rush and silver mining in Nevada, Incline Village was named after the Sierra Nevada Wood and Lumber Company’s 'incline' rail system. Lumber would be harvested at Lake Tahoe for use in the Nevada valley below. The Comstock Boom brought prospectors to Virginia and Carson City. This area is more like a desert and timber was required to build homes and to safely support the mines.
Logs were lifted 1400 feet on the incline rail and transported to the valley on a 3000 foot flume tunnel to Carson City. The Flume Trail remains a popular hiking and biking trail above Nevada City.
George Whittel bought the lumber property and between 1938 and 1959 converted it into parcels. 9000 acres were developed by the Crystal Bay Development Company into 3000 homes during the 1960’s. Since then, the area has experienced the development of spectacular lakeside residences.
During the dot com boom, the area was known as a place where billionaires were kicking out millionaires.
Incline Village Real Estate
Buyers can still find an assortment of price points, affordability and a diversity of properties. There are currently 26 condos available for sale, listed between $400K and $3.9 million. Many have lake views, while others also offer mountain views. Compared to the escalating rental prices, owning a condo can actually save you money.
Available homes for sale in Incline Village range in price from $4.5 to $48 million. There are currently only 38 listings available for sale. Like all areas of North Lake Tahoe, inventory has diminished and home values are climbing.
There are many neighborhoods in Incline Village, and buyers can find lakefront properties on Lakeshore Drive. Homes with incredible views can be found in neighborhoods like Upper Tyner. Additionally, golf lovers will find homes located with views, and surrounding several golf courses.
Incline Village Amenities
In addition to Nevada tax savings, the five star amenities provided by homeownership in Incline Village are another reason why this area is so popular.
The Incline Village General Improvement District assesses each parcel, and homeowners pay via their tax bill for access to these amenities. In addition, they receive reduced fees on all IVGID facilities.
Access to beaches is restricted to homeowners and their guests. Beaches include Ski Beach, Incline Beach, Hermit Beach and Burnt Cedar Beach. While beaches around Lake Tahoe can be crowded with tourists, homeowners enjoy private access in a close knit community.
In the heart of Incline Village, homeowners can also enjoy access to golfing in summer. During the winter, Diamond Peak Ski Resort is only minutes away and boasts incredible lake views. This ski resort offers skiing for children, beginners and also has more challenging terrain. Learn snowboarding in the Ski and Snowboard School or for younger skiers, they offer a Child Ski Center.
Additionally, Incline Village is only a 30 minute drive to Mt. Rose and Northstar California ski resorts. A quick drive across the Mt Rose highway that crosses the mountain into Reno, allows additional shopping only 50 minutes away.
The large Recreational Center showcases the best in fitness equipment and pools. They also offer Zumba, Yoga and water exercise classes. Additionally, there are always classes for children such as Jazz, Hip Hop and Ballet.
Contact me today to learn more about the benefits of buying your vacation home in Incline Village. I am licensed on both the California and Nevada side and can help you find the perfect property. Contact me today!