LUXE
ta h o e
A curated collection by Team Blair Tahoe
A P R I L / M AY 2 0 2 2
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VOLUME 2
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OLYM PI C VAL L E Y 3 0 8 0 B RO K E N A R ROW 6 B e d | 7 B a t h | 5 , 970 S F $ 6 ,1 75 ,0 0 0 Jamison Blair ( 5 3 0 ) 5 8 1 -1 4 0 0
TeamBlairTahoe.com
Broken Arrow Lodge, designed and built by Greg Dorland, is one of Palisades Tahoe (formerly Squaw Valley) most iconic homes enjoying views of KT-22 and Headwall peaks. Detailed by huge timber trusses and beams, towering ceilings, heated hickory floors, hand hammered iron and metal work, captures the feeling of classic ledges of the old west. The layout is ideal for entertaining friends and family, with an open floor plan and great room framed by the majestic mountains, floor to ceiling stone fireplace, gourmet kitchen with Viking and sub-zero appliances, full wet bar, and two media rooms. The large stone patio off the great room is ideal for entertaining guests in both summer and winter, and is complete with hot tub, outdoor BBQ kitchen, fire pit, sculpted hedges, flower gardens and Aspen trees. Close to skiing, Village restaurants, and activities.
APRIL/MAY 2 022 | VOLUME 2
LUXE
ta h o e
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INSIDE Tahoe Talk 4
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10
Local Wine Bars
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Did You Know?
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Feature 10 Color Trends 11 Local Happenings
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Raspberry Rosé Sangria
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Showroom 360 14 High-Fives Foundation
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COVER A fiery sunset as seen from Lake Tahoe’s east shore with iconic boulders in silhouette.
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TAH O E TAL K Trends in Ultra-Luxury Real Estate Reflect Nationwide Pursuit of Premium Lifestyle Investment
As the national and global buying trends continue to push real estate prices upward, the Ultra Luxury ($10M+) Markets are no exception. While many major metropolitan areas have shown a massive rebound and are back to prepandemic pricing, there has been a significant, and so far unrelenting, shift in investment priorities by buyers in all price ranges. This shift prioritizes access to the outdoors - luxury homes set in majestic mountains and breathtaking beaches are in high demand. Ultra-high networth buyers have joined the urban exodus, with mountain towns across the country seeing a rise in properties selling for over $10M.
Lake Tahoe Ultra-Luxury Market Demand Rises Lake Tahoe is right in the mix for its unique offering of outdoor activities yearround. Many mountain towns are bestknown for ski resorts, but have come to be appreciated for their laid-back summer lifestyle as well. TeamBlairTahoe.com
TOP 5
MOUNTAIN TOWNS TO SELL HOMES $10M+ IN 2021 Aspen, CO - 96 Homes Lake Tahoe, CA/NV - 36 Homes Vail, CO - 28 Homes Jackson Hole, WY - 27 Homes Telluride, CO - 10 Homes
Among all five locations, Lake Tahoe offers the widest variety of lifestyle choices to the ultra-luxury buyer, whether it’s the private lakefront mansions, or Truckee’s Martis Camp - a community that offers one of the nation’s most exclusive golf course and ski resort communities. Investment Considerations for the UltraLuxury Lake Tahoe Buyer Lake Tahoe lakefront properties have always been the most sought-after real estate in the Basin. Many lakefront
properties have private gates, piers, beaches and buoys that make them the ultimate private mountain retreat. With the development of Martis Camp, luxury buyers have been able to design and build their own new home in an exclusive setting, without having to hassle with Tahoe Regional Planning Agency restrictions. The Truckee Airport is just minutes away with access for Surf Air Flights or private aircraft. While it is hard to argue with the overall privacy of a Lake Tahoe lakefront, Martis Camp has become a significant competitor for the ultraluxury buyer, especially those looking for a country club-style community. Despite competitive prices, the demand for the outdoor lifestyle is certainly here: In 2021, The Lake Tahoe market saw 36 sales over $10M - 10 lakefronts, and 8 of which were in Martis Camp. Both types of property offer amazing ownership opportunities, depending on lifestyle priorities. A member of our team will be happy to speak with you regarding current options in the Lake Tahoe ultraluxury market.
R EC E N T SA L ES COMING SOON PLUMAS COUNTY 4 BD | 4.5 BATH | 8,000 SF SELLER REPRESENTATION
OLYMPIC VALLEY 4 BD | 4.5 BATH | 4,237 SF Sold for $3,590,000 SELLER REPRESENTATION
LAHONTAN 4 BD | 4 BATH | 4,004 SF Sold for $3,800,000 SELLER REPRESENTATION
GLENBROOK 5 BD | 4.5 BATH | 2,584 SF Listed for $7,900,000 SELLER REPRESENTATION | SALE PENDING
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B est Lo ca l Win e Bar s
There’s nothing like sipping on a glass of vino to help one embrace the ambiance of a small town setting, while facilitating conversation with friends, both old and new. Whether you are a casual wine appreciator, or a true oenophile, you’ll want to be sure to check out this list of our hand-picked wine bars in North Lake Tahoe.
Tahoe Wine Collective
Tahoe City tahoewinecollective.com Passionate about limited production beer and wine, Allison Yonto, owner of Tahoe Wine Collective in Tahoe City, regularly visits the Sierra Foothills to discover new wines and bring a curated selection of small-batch mindfully farmed bottles to the wine bar. Formerly a full-time bookkeeper, Yonto has always loved wine and in 2022 received her Certification in Winemaking from UC Davis. For many years, she TeamBlairTahoe.com
worked on the finance side of the wine business, before deciding to tackle the wine-making side as well. A visit to Lewis Grace in El Dorado County inspired Tahoe Wine Collective. “I thought to myself that there’s something here not being shared,” says Yonto. “I visited many backwoods wineries discovering many unknown wines that should be shared with people.” Recognizing a fantastic market opportunity for local wineries in the tourist-rich Tahoe Basin, Yonto decided to create a space where little-known regions and producers would be featured. Often choosing to forego a distributor when selecting wines for her collective, Yonto spends a lot of her time traveling to local wineries. When she opened the Tahoe Wine Collective in 2020, her goal was to highlight the unique, small-batch wines she’s discovered in her travels. Visit the Tahoe Wine Collective for a beautiful selection of locally produced wines that perfectly complement warmer spring days. Enjoy live music Thursday and Saturday nights. Their current white wine flight offers a Secret Revine Sauvignon Blanc from Loomis, the La Mesa Chardonnay from Amador, and Lavender Ridge Grenache Blanc from Calveras.
Glasses
Uncorked
The Pour House
Incline Village glasseswinebar.com
Tahoe City, Truckee, Olympic Valley & Northstar uncorkedtahoe.com
Truckee thepourhousetruckee.com
Located on the lower level of the Incline Village Center, Glasses recently celebrated its fifth anniversary. Owners Rob and Kathleen Martin were inspired by the endless educational and connection opportunities that the wine world offers. A former schoolteacher, Kathleen delights in sharing her latest finds with customers, and deep diving into subtleties of flavor. With the couple’s eidetic memory for customer preferences, Glasses is the perfect place to revisit a tried-and-true bottle, or discover a new favorite. With its cozy, intimate atmosphere, Glasses is often described as an extended living room by regular customers. Glasses offers a large selection of domestic and international wines, as well as beer and light bites. The menu changes frequently, ensuring that every visit there will be something new to try. It is a regular stomping ground for many Incline Village locals, who come to enjoy the company, the incredible wine selection, and live music on Saturday nights.
With four locations in the area, Uncorked pioneered the Tahoe wine bar scene and has served many local wine lovers since opening their first location in 2007. Uncorked strives to provide unique and exciting wines to pair with great food. Over a decade later, they continue to serve as a popular gathering spot for the après ski crowd as well as the local community. Chris and Kelsey Barkman work as the operating partners, and their son Jack serves as the Uncorked Mascot. Chris is a sommelier certified by the Court of the Masters, and is devoted to providing a diverse selection of wines representing the best interpretation of each varietal and region. His culinary arts career spans over 14 years, including working at Oliveto under chefs Paul Bertolli and Michael Tusk, who both came from Chez Panisse in Berkeley. Petra Restaurant and Wine Bar is where the Barkmans share their love of good food, wine, and seasonal pairings. Uncorked offers a monthly wine club and wine classes for those interested in learning more about the fascinating world of wine.
For the past 14 years, Dean Schaecher and his wife Christa, have owned and operated The Pour House, located in downtown Truckee. The quaint, blinkand-you’ll-miss-it shop is nestled just behind the historic main street. This is the perfect place to learn about wine, regions, varietals, and food pairing. The Pour House offers a selection of reasonably priced, hand-selected wines from around the world that will most certainly impress your palette. The Schaechers’ wholeheartedly enjoy sharing their love of wine with others. Avid oenophiles themselves, Dean and Christa urge their customers to be adventurous and have fun with the wine drinking experience.
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DID YO U KNOW LUXU RY R E A L E STAT E I N S I G H TS
US
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H E N E VA LUAT I N G T H E I N C R E D I B L E SAV I N G S YO U C A N achieve by living in a low tax state, always be sure to do an accounting of the complete picture, to understand real estate taxes, sales taxes, insurance costs (a form of tax), etc. Some states derive amazing revenues from tourism taxes and commodities. Some get more fiscal aid from the Federal Government than others. Some have older populations than others that may require less tax income for public schools, a big expense for many towns and states. Check out school quality and availability. Weather and climate change matter too. Also be sure to check out cost of living and incomes as well as medical costs/availability/quality and crime stats. Everyone’s needs from their city/state are different so a curated approach is usually wiser. (BARRONS)
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A N N I E M A E P ROJ EC TS home prices will rise 4.2% in 2023 after rising 11.2% in 2022—with the median existing home price jumping to $395,000. (Fortune)
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HIS YEAR ASPEN IS celebrating 75 years of Skiing! Vail became a Ski Resort in 1962, just about 60 years ago, just about the same time as Jackson Hole. The Ski & Snowboard Resorts industry is $3.1B in 2022 in the USA, not including real estate! Aspen, Vail and Jackson Hole alone had roughly $11B combined worth of residential real estate sales in 2021.
TeamBlairTahoe.com
S O U T H E R N STAT E S ’ warm weather, business-friendly governments and laws, lower taxes and fewer regulations have been attracting companies and workers from California, the Northeast and other corners of the country. Investors poured a record $335.3 billion into apartments across the country in 2021. Nearly a quarter of it went to just four metro areas in the Sunbelt: Dallas, Atlanta, Phoenix and Houston. (WSJ)
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A L I FO R N I A I M P O S E D A T RA N S F E R TA X O F 5 5 C E N TS FO R each $500 in real estate transactions in a 1967 law but allowed higher taxes by the state’s 121 charter cities and by any “city and county”. San Francisco’s tax, approved in its current version by local voters in 2008 and 2016, ranges from $2.50 to $12.50 for every $500 that changes hands and defines a change in corporate ownership of a possessor of real estate as a taxable transaction, even if the title to the building does not change hands. The increased transfer tax rate applies only to property worth more than $5 million. Prop. N was intended to avoid evasion of transfer taxes by entities transferring ownership interests in lieu of transferring real property. (SF CHRONICLE)
UK
C E N T RA L B A N K E R C H A R L E S G O O D H A RT T H I N KS A seismic shift is underway in the world economy, one that fiscal stimulus and the postpandemic recovery will only hasten. A long glut of inexpensive labor that had kept prices and wages down for decades is giving way to an era of worker shortages, and hence higher prices. Massive global income disparities - if sustained - could force labor costs even higher.....and inflation. He predicted that inflation in advanced economies will settle at 3% to 4% around the end of 2022 and remain at that level for decades, compared with about 1.5% in the decade before the pandemic. (WSJ)
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ULTRA- LUXU RY DEV ELO P M E N T
COMI N G TO PAL I SA D ES TAH OE Ultra-luxury real estate is largely defined by the incredible amenities that make each home unique and perfectly tailored to its owners’ lifestyles and desires. Whether it’s multi-car garages, infinity pools, breathtaking views, wine cellars, home theaters….. The list of possibilities is endless. Lake Tahoe architects and contractors are no strangers to the ever-changing trends of luxury architecture. Many luxury homes in the area have been designed to cater completely to their owner’s comfort, while maintaining the distinctive architectural style that is well-known to the Tahoe region. Warm wooden structures, salt-and-pepper granite, custom ironwork - these all nod TeamBlairTahoe.com
to the laid-back aesthetic of the mountain lifestyle. However, for those looking to take advantage of incredible outdoor amenities from a home that speaks to a modern aesthetic, a new ultra-luxury development near the renowned Palisades Tahoe ski resort may provide an enticing new option.
Award-Winning Architecture with Unparalleled Slopeside Access THE DYAD of Olympic Valley is the first of its kind land and design offering in the Tahoe region. Starting at $12,500,000 for the three homesites and plans, this estate is designed by award-winning
Austrian design firm obermoser+partner architekten. The plans include three distinct elements, each with its own unique features; Peak Residence, Bond Lair, and Golden E. Homesites were carefully selected for their proximity and ski in/ski out access to Palisade’s Sunnyside slope, directly adjacent to the Gold Coast Funitel and Wa She Shu Chairlift. To learn more, contact us.
Rendering courtesty of Obermoser + Partner Archintekten & Tahoe Mountain Realty.
COLOR TRENDS SPRING 2022 SOF T L I L AC
CAN ARY Y E LLOW
HOT PIN K
SA LT E D CA R A M E L
SCA R LE T
SKY B LU E
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LOC A L H A PPE NI NG S E AST E R EGG HUNT S U N DAY, A P R I L 1 7, 1 0 A M
A N N UA L GOLDEN EGG HUNT
H E AV E N LY VA L L E Y V I L L AG E
S U N DAY, A P R I L 1 7
SPRING F E V E R R E V I VA L & C L ASS I C C A R POKER RUN
S O U T H L A K E TA H O E
O LY M P I C VA L L E Y
M AY 2 0 - 2 2
Over 15,000 candy and toy-filled eggs will be hidden around the Village, including $1,000 in cash prize eggs. Parents can enjoy Easter Brunch and Bottomless Mimosas at Fire and Ice.
Come celebrate Easter at Palisades Tahoe! In addition to a children’s Easter egg hunt, participants will have the chance to search for the Golden Egg - and a chance to win a 2022/23 season ski pass.
RENO
BOAT LAUNCHES Call the facilities below to inquire about opening day for their boat launches: Incline Village (775) 832-1300 (IVGID members only) Tahoe Vista (530) 546-4212 Sand Harbor (530) 831-0494 Cave Rock (530) 588-7975 Homewood (530) 525-5966 Timber Cove (530) 544-2942
TeamBlairTahoe.com
E A R T H DAY F E ST I VA L SAT. , A P R I L 2 3 , 1 1 A M - 5 P M O LY M P I C VA L L E Y
This free community event gives kids and adults the opportunity to learn about recycling, composting, alternative energy, and sustainability through hands-on activities. Check out children’s activities and brain teasers hosted by The Discovery. Plus, plus hours of free live music by local bands.
Hot August Nights jumpstarts the season with Spring Fever Revival at the Grand Sierra Resort. This annual festival will get the engines warmed up and ready for the main event. Three days of classic vehicles, live entertainment, a vendor village featuring art & craft vendors, memorabilia, and a variety of food vendors.
M A D E I N TA H O E F E ST I VA L M AY 2 8 & 2 9 O LY M P I C VA L L E Y
Made in Tahoe celebrates all things LOCAL. The Village at Palisades Tahoe will host a wide array of
offerings that are made in or inspired by the Lake Tahoe Basin and Truckee areas: local artisans, businesses, chefs, organizations, and entertainers. Discover, explore, and experience our rich community full of talented creators while enjoying a variety of local food and beer.
TA H O E C I T Y FOOD & WINE C L ASS I C S AT U R DAY, J U N E 1 1
Sip, Shop & Enjoy the charm of Downtown Tahoe City with its scenic, lakeside sidewalks. Taste wines from local vendors while sampling delicious morsels from local restaurants and caterers. The event proceeds benefit the nonprofit Tahoe City Downtown Association.
EASTER BRUNCH
RAS P B E R RY ROS É SA N G R I A I N G R E D I E N TS 2 cups fresh raspberries 1 lemon, thinly sliced 1 750 ml bottle rosé 8 ounces lemon-lime soda or club soda Dash of raspberry simple syrup (if desired) INSTRUCTIONS In a pitcher, combine simple syrup (optional), raspberries, lemon slices and rosé. Place in fridge to chill for at least 1 hour. Add club soda or lemon lime soda to pitcher just before serving and gently stir to combine. Fill each serving glass with ice cubes and fill with sangria. Enjoy!
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Urban
Aesthetic Mountain Homes FOR
G
rowing up in Olympic Valley, Showroom 360 owner, Erika LaPoint, always knew she would make the Tahoe Basin her forever home. In her words: My dad immigrated from Austria and married my New York socialite mom, so our house had a unique feel to it - a rugged Austrian chalet, mixed with urban elegance. By day, my dad was a ski instructor. By night he worked at Mountain Forge in Truckee, the custom ironwork business he owned and operated. I have many memories of accompanying him on installs at beautiful homes around the lake. After years of working in the fashion industry, I started my own business at Showroom 360. Fashion is fast-paced and constantly changing. In recent years, home style trends have changed increasingly quickly. The fashion industry made me a pro at going to the market TeamBlairTahoe.com
often to find new cool lines and pieces. My daughter goes with me now and we don’t miss a showroom, ever. As an interior designer, I always tell my clients to go with what they love, because trends will come and go. You want your house to look and feel aesthetically beautiful, but you also want to feel like it is uniquely YOURS. It is important to use the space you’ve designed to create lasting memories. Whetheryou are building from the ground up, remodeling, or even just want a quick fix update, we love doing it all. It can be overwhelming, so I encourage my clients to do projects in phases, especially when they want to enjoy their time up here at the same time. Do what is feasible to start, and then go from there! We have been very fortunate with a steady flow of business stemming from word of mouth and referrals from so
many amazing people in our community. I am a big believer in supporting each other, and in making each client project fun (we even include having fun as part of our client contracts). After all, we are so blessed to be able to live and play every day in beautiful Lake Tahoe. Please stop by our Truckee showroom to see what we do.
ERIKA LAPOINT OW N E R , S H OW R O O M 3 6 0
@ SHOW ROO M 3 6 0 showroom360truckee.com
TEAM BLAIR TAHOE IS A PROUD SPONSOR OF HIGH-FIVES On April 26, 2006, Roy Tuscany, founder and CEO of High Fives, suffered a devastating spinal cord injury while training in the terrain park at Mammoth Mountain, California. Roy sustained a burst fracture of his T-12 vertebrae, compromising 45% of his spinal cord after going 130 feet on a 100-foot jump. The accident rendered his lower body paralyzed. After having high hopes of becoming a world-class professional skier, he then had to re-learn everything in life from the ground up. The skiing accident was truly lifechanging but he eventually began making great progress in his recovery process. With the help of strong personalities, positivity, and plenty of high fives, he stepped into skis and loaded the lift at Sugar Bowl Ski Resort in Lake Tahoe, California for the first time in March of 2008. The encouragement and inspiration he received during his recovery motivated him to start a foundation to help others overcome similar obstacles. High Fives Foundation aims to be the leader of education and recovery of lifealtering injuries in outdoor action sports and has helped countless injured athletes and Veterans get back to doing what they love. Learn
more
&
d o n at e at :
h i g h f i v e s f o u n d at i o n . o r g
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Every season in Lake Tahoe has its own unique appeal. Spring in the Sierra Nevada is more than just the waiting period between ski season and boat season. There are plenty of activities for both locals and visitors to enjoy as warmer weather arrives. Check out a few of them on page 12 in this issue. With this edition, we introduce our real estate market update column, “Tahoe Talk”. This column will highlight important changes in the ever-evolving luxury real estate industry. Be sure to check it out on page 4. With each edition of LUXE, we strive to bring you relevant and educational insights into how to make the most of mountain home ownership. We are glad to be your local connection to the Lake Tahoe community. – Jamison & Nicole Blair, Esq.
TeamBlairTahoe.Com (530) 581-1400 info@teamblairtahoe.com DRE 01246366 | NV S. 145686
Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number [license number to be inserted by region]. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate.
