Neighborhood of the week: Ponderosa!

ponderosaThis week our featured neighborhood in Incline Village is the Ponderosa Subdivision! Incline Village and Crystal Bay real estate is broken down into 16 different “subdivisions” which are more commonly known as neighborhoods. You can see our subdivision map here to get an idea of where the Ponderosa subdivision is located.

A mid to lower elevation neighborhood, the Ponderosa Subdivision has 270 parcels ranging from .40 to .70 acre. Parcels tend to have some slope to them. If you are looking to buy a home in North Lake Tahoe this is a great area for families, with low traffic and school buses picking up kids on most corners.

The Ponderosa Subdivision is located in North Lake Tahoe above Highway 28, across from the Lakeview Subdivision, and west of Highway 431. Many homes have full or partial lake views, and most enjoy serene, wooded forest settings. Some higher elevation streets have beautiful canyon and Crystal Bay views, and easy access to hiking trails.

There are several seasonal creeks running through this area, and many protected U.S. Forest Service lots, which add value and privacy to homes.

Homes are for sale in the Ponderosa subdivision in Incline Village, Nevada starting at $700K up to $5.25M.

Approximately 247 Single Family Homes in this North Lake Tahoe Real Estate Subdivision

 Ponderosa Statistics:

The median sold price in this subdivision last year was $1,100,000 which is right in line with the entire market median of $1,060,000. With a low sold price of $548,000 and a high of $3,950,000, the Ponderosa Subdivision has several access points in regards to price.

Last year, 17 properties  sold in the Ponderosa Subdivision with a range in sale prices from $599K – $3.95M making it a diverse single family area. The median days on the market for these homes was 122 days which is fairly common for our market. Many of the homes in Ponderosa were built in the 60’s, 70’s, and 80’s and are ready for remodeling to increase their value. With high sale prices, there is room for equity and profit with the right opportunity!

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