In Lake Tahoe: "The Billionaires are Chasing out the Millionaires"

Posted by — March 3, 2005

March 4, 2005- Who’s Who in Luxury Real Estate and Board of Regents member Shari Chase was recently featured on San Francisco’s ABC news affiliate KGO-TV for a special report on luxury homes in the Lake Tahoe region.  Shari guides reporter Leigh Glasser through a handful of beautiful luxury homes on the market for $6 million and up.  Gorgeous wine cellars, cozy theater rooms, and breathtaking private views are only a taste of the amenities these homes include.

Due to successful brokerages such as Chase International, sales of luxury vacation homes in Tahoe have rocketed up 34% from the previous year.  The surprisingly sudden high demand for these homes has driven up prices as well.  A 6,000 square foot, 3-story lodge with 350 feet of waterfront in Incline Village is selling for just under $7 million; while a 9,000 square foot home that boasts “The best views in the world” is selling for $14 million.  “The billionaires are chasing out the millionaires,” Sheri tells the reporter

Though Chase International is based in Lake Tahoe, CA, 70% of the customers looking for luxury homes in Lake Tahoe are from the San Francisco Bay Area.

To view the video of this report in its entirety please click here!

Share this post

Search Press Releases

Recent Blog Posts

Welcome to the Home of Your DREAMS! 824 Neptune Avenue, Encinitas CA

Windermere Homes & Estates, Windermere Homes & Estates — Aug 17

End-of-Summer Bucket List for Park City Locals (with kids and dogs!)

Christine Grenney, Summit Sotheby's International Realty — Aug 17

Bend Oregon Million Dollar Home Sales Trending Up

Bend Premier Real Estate, Bend Premier Real Estate — Aug 16

'Back-To-School' Luxury Home Special Sales Event

Linda Secrist, Linda Secrist of BHHS Utah Properties — Aug 16

Bespoke Architecture

Judy Fahrenkrog, LIV Sotheby's International Realty — Aug 14