LUXURY
COLLECTION OF
460 GONOWABIE | OFFERED AT $27,000,000 LISTED BY DONOVAN GROUP LUXURY TEAM
WELCOME
LUXURY INSIGHTS
SIGNIFICANT SALES
CHASE SALES STATISTICS
LUXURY COLLECTION
LUXURY PARTNERSHIPS
EXPERIENCE THE QUIET LUXURY OF LAKE TAHOE IN WINTER.
Chase life.
Welcome to our exclusive luxury real estate magazine, created to immerse you in the timeless beauty of Lake Tahoe and provide valuable insights into today’s market trends.
Explore our curated collection of prestigious homes and gain the market intelligence you need to discover your ideal winter retreat or year-round residence in Lake Tahoe. See why this storied destination continues to captivate the world’s most discerning buyers—those seeking unmatched elegance, privacy, and natural grandeur in one of the most breathtaking mountain settings on earth.
Imagine waking to a landscape draped in snow, the lake shimmering in crisp alpine light, and the Sierra Nevada peaks rising in quiet majesty. Winter in Tahoe is an experience unlike any other—where powdercovered trails invite adventure, fireside evenings inspire connection, and luxury finds its purest form in the stillness of the season. Here, nature’s serenity and sophistication coexist in perfect harmony.
If you have any questions about our luxury real estate offerings or would like to schedule a private tour of our properties, please don’t hesitate to contact us. We’re here to help you find your place in Tahoe’s winter wonderland.
DONOVAN GROUP LUXURY TEAM
|
luxury Insights
The luxury market in Lake Tahoe experienced an impressive increase in sales for 2025, highlighted by six transactions exceeding $20 million. The region's highest-priced sale, located on Tahoe's East Shore, sold for $41 million. Overall, there were 16 sales over $10 million this year, a decrease from last year's total of 19. The ongoing inventory shortage across all regions is driving both average and median prices upward compared to 2024. Unless inventory levels begin to rise, property values are expected to remain strong.
In comparison to this time last year, 307 single-family homes priced over $1 million were sold, reflecting a 9% increase from 274 sales in 2024. Sales volume around the lake increased significantly, led by the West and North Shore, which saw a massive 62% increase, buoyed by a $27.5 million transaction where Chase represented the buyer. The East Shore reported an impressive 49% increase in sales volume, while South Lake increased by 4%. In contrast, Incline Village experienced a 19% increase, helped by a $24.5 million sale represented by Chase.
Lakefront sales have surged notably in all areas except the South Shore, which has yet to record a lakefront sale in 2025. The East Shore experienced a staggering 1,404% increase in volume, totaling three sales. Incline Village and Crystal Bay volumes increased by an astonishing 764% with four transactions. The median price increased around the lake, with the East Shore experiencing a 456% increase, driven by multiple sales exceeding $35 million. The median price in Incline Village and Crystal Bay rose by 108%, while West and North Shore saw an increase of 28%.
The Truckee market remained relatively stable, with a 10% increase in volume. However, there was a 7% decrease in the number of units sold and a 5% rise in the median price. Martis Camp continues to stand out, boasting the highestpriced home sale this year at $12,195,000, a significant decrease from last year's record-breaking $23.6 million sale.
Q3 Tahoe Lakefront Sales
Q3 Tahoe Lakefront Sales
2020-2025 Donovan Group Significant Sales
Crystal Bay, Nevada
Seller Representation
Incline Village, Nevada
Seller Representation
Seller Representation
Incline Village, Nevada
Buyer Representation
Incline Bay, Nevada
Seller & Buyer Representation
Seller Representation
Incline Village, Nevada
Incline Village, Nevada
2020-2025 Donovan Group Significant Sales
Crystal Bay, Nevada
Seller Representation
Incline Village, Nevada
Seller Representation
Incline Village, Nevada
Seller Representation
Incline Village, Nevada
Seller Representation
Incline Village, Nevada
Seller & Buyer Representation
Seller & Buyer
Incline Village, Nevada
HARPER COURT | SOLD: $6,000,000
LISTED BY DONOVAN GROUP LUXURY TEAM
The luxury leader
At Chase International, we succeed by empowering our clients to thrive. Over the past five years, we have guided more than 11,700 families and individuals through one of life's most significant financial and personal decisions, achieving over $10 billion in sales along the way.
We assist our clients in navigating one of life's most important assets—real estate. Whether it's a primary residence or a cherished retreat, these properties represent not only substantial investments but also enduring legacies.
With a team of more than 300 professionals, plus 60 luxury specialists across 14 offices, we offer the experience, creativity, and negotiation expertise necessary to manage our clients' most significant assets successfully.
Our record demonstrates the trust our clients place in us, as we consistently sell more homes priced over $5 million, $10 million, and $20 million than our competitors. In 2024, Chase International achieved three of the four highest sales in the Lake Tahoe, Reno, and Carson Valley regions, including the highest-priced residential sale in Carson Valley history.
This tradition of leadership is longstanding. Decades ago, we set national records with sales of $50 million and $30 million, when the highest-priced property in New York City was just $12 million. Today, that same pioneering spirit drives our mission: to enhance every client experience and ensure each transaction is both a financial success and a meaningful part of their legacy.
Chase history in the making
There is only one way to be successful year after year, and that is with the support of our colleagues, our clients, the community and our team of talented REALTORS®.
$60,000,000
Thunderbird Lodge _
USA record residential sale held for 8 years 1998**
$38,500,000 Crystal Pines _
26 acres East Shore lakefront estate 2022**
$35,500,000 Crystal Bay Lakefront
Highest priced Lake Tahoe sale in 2023*
$33,000,000 The Bourne Estate
Highest price Lake Tahoe sale in 2001*
$50,000,000
Incline Village Lakefront _
Highest price Lake Tahoe sale in 2022*
$36,000,000 Lucky Bluff
Celebrity Lakefront in Rubicon Bay 2021*
$35,000,000 The Pines
13 acres East Shore lakefront estate 2020**
$32,500,000 Lakeshore Estate
Incline Village lakefront 2021*
$49,000,000
Spirit of the Lake
Highest price sale in 2021*
$35,500,000 Crystal Coast
Highest Lake Tahoe land sale in history*
$34,500,000 Crayfish Cove
Highest price Lake Tahoe sale in 2015*
$30,000,000 Glenbrook Lakefront
Highest price Glenbrook sale in history*
INFORMATION GATHERED FROM MLS AND RECORDERS OFFICE. OFFERING PRICES STATED.
*BUYER OR SELLER REPRESENTATION ** BUYER & SELLER REPRESENTATION
460 Gonowabie
5,611 SQFT | 5 BED | 6 BATH
100 FEET OF LAKEFRONTAGE | NEW PIER
New lakefront construction with 100 feet of pristine shoreline on Crystal Bay, Nevada, Lake Tahoe. This contemporary 5-bedroom residence, designed by Walton Architecture + Engineering, blends organic design with modern luxury. Panoramic lake views are showcased through floor-to-ceiling glass and skylights, flooding the interiors with natural light. Shared pier.
OFFERED AT: $27,000,000
DONOVAN GROUP LUXURY SALES TEAM | 775 750 2190
575 Fairview
7242 SQFT | 5 BED | 5 FULL BATH | 2 HALF BATH
Modern luxury meets architectural artistry in this Lake Tahoe residence, where design and nature exist in perfect harmony. Built in 2019 in Incline Village, this home captures breathtaking panoramic lake views through walls of glass and seamless indoor-outdoor living. Thoughtfully crafted for both serenity and sophistication, it features a designer kitchen, wine display, elevator, and lake-facing primary suite—an inspired retreat of timeless beauty and effortless comfort in Tahoe’s most coveted enclave.
OFFERED AT: $13,200,000
DONOVAN GROUP LUXURY SALES TEAM | 775 750 2190
452 Jill Court
4 BEDS | 3 FULL 1 PARTIAL BATHS | 4184 SQFT
0.22 ACREAGE
Lake views and all-day sun! Perfectly situated at the end of a quiet cul-de-sac in scenic Incline Village, this 4,184-sqft mountain retreat blends privacy, comfort, and timeless design. With 4 bedrooms and 3.5 baths—including a spacious guest suite above the garage—it’s ideal for entertaining or multigenerational living. Expansive windows frame sweeping lake and forest views, while four fireplaces add warmth and character. Generous decks invite outdoor dining, relaxation, and connection with Tahoe’s natural beauty—a home where mountain elegance meets effortless living year-round.
SOLD: $2,500,000
DONOVAN GROUP LUXURY SALES TEAM | 775 750 2190
480 Gonowabie
5,634 SQFT | 5 BED | 7 BATH
100 FEET OF LAKEFRONTAGE | NEW PIER
Award-winning Architects present a modern take on the classic lake cabin. This exceptional new lakefront residence features unparalleled design and quality, complete with a private pier. The home consists of three structures connected by a glass bridge. A stunning great room, with warm materials and floor-to-ceiling glass, anchors the design with breathtaking lake views.
SOLD: $24,500,000
Lake Tahoe Luxury Real Estate in 2026
Balance, Exclusivity, and Living the Good Life
As the luxury real estate landscape adapts to shifting global and domestic dynamics, few markets embody balance and desirability quite like Lake Tahoe. Situated at the intersection of California and Nevada, Tahoe continues to captivate affluent buyers with its rare mix of alpine beauty, four-season recreation, and tax-friendly advantages. Informed by the 2025 Luxury Portfolio International Market Pulse Report, Tahoe is poised for another year of resilience and selective strength, aligning closely with trends seen across the most desirable resort towns in the United States.
Tahoe in the Global Context
Around the world, luxury markets in 2025 are defined by stability and lifestyle-driven demand. Buyers are drawn to properties that offer not only financial security but also access to culture, recreation, and wellness. From the ski chalets of Switzerland to the beachfront villas of
the Caribbean, affluent consumers are seeking homes that embody the “good life.” Lake Tahoe fits seamlessly into this global narrative.
Like Aspen, Whistler, and the Hamptons, Tahoe’s appeal is both rational and emotional: it offers tax advantages on the Nevada side, relative affordability compared to Europe’s top resort towns, and a lifestyle anchored in natural beauty and recreations.
Market Conditions: A Year of Balance
The Pulse Report highlights a consistent theme across U.S. luxury resort towns—balance. Tahoe’s luxury market reflects this same equilibrium. After the frenzied pandemic years, when lakefront estates and mountain retreats sold in days, activity has normalized. Prices remain firm, supported by limited supply, generational demand, and the scarcity of true lakefront property.
Market Conditions: A Year of Balance
The Pulse Report highlights a consistent theme across U.S. luxury resort towns—balance. Tahoe’s luxury market reflects this same equilibrium. After the frenzied pandemic years, when lakefront estates and mountain retreats sold in days, activity has normalized. Prices remain firm, supported by limited supply, generational demand, and the scarcity of true lakefront property.
• Lakefront estates remain Tahoe’s crown jewel, often commanding prices well above $20 million when accompanied by private piers, acreage, or legacy architecture.
• Incline Village and Crystal Bay continue to outperform, fueled by Nevada’s tax benefits and exclusivity, while California-side communities like Tahoe City and the West Shore attract families seeking walkability, heritage properties, and proximity to recreation.
• Inventory at the top tier is selective. Trophy listings that combine privacy, views, and resort adjacency continue to attract global buyers who value Tahoe’s position as both a retreat and a secure asset.
Lifestyle as the Ultimate Driver
Across every destination in the Market Pulse, lifestyle emerged as the primary motivator for luxury purchases—and Tahoe epitomizes this trend. Here, lifestyle is not aspirational; it is lived daily.
• Waterfront and skiing: Tahoe is one of the few places in the world where a morning ski run can be followed by an afternoon on the lake.
• Golf and wellness: Communities like Clear Creek Tahoe and Martis Camp offer championship golf, wellness amenities, and gated privacy.
• Cultural connections: From Shakespeare at Sand Harbor to the Lake Tahoe Summerfest, the region blends outdoor adventure with cultural sophistication.
In Tahoe, the true value of real estate is measured in lifestyle. From skiing to sailing in the same day, this is where the ‘good life’ is lived in real time.”
KEVIN DONOVAN
LUXURY SALES SPECIALIST
Buyer Profile: Beyond Investment
The affluent buyer in Tahoe today mirrors the global luxury trend: they are less concerned with timing the market and more focused on securing lifestyle assets. Many purchase with all cash, removing financing friction and insulating deals from interest rate volatility.
Emotional return is as important as financial return. Buyers prioritize privacy, family experiences, and work-life balance, often seeing Tahoe as a place to unplug, reconnect, and invest in legacy. This aligns with the Pulse Report’s emphasis on emotional drivers, from access to leisure to the security of geopolitical stability.
Challenges and Opportunities
While demand remains steady, Tahoe shares the same constraints seen in other resort markets:
• Limited inventory: Geography and environmental regulation (TRPA on the California side) ensure supply remains tight, underpinning long-term value.
• Insurance and climate factors: As with coastal Florida and California, rising premiums for wildfire and weather-related risks are part of the ownership equation. Affluent buyers, however, often absorb these costs in exchange for Tahoe’s unmatched setting.
• Selective competition: Properties in the $3M–$8M range move quickly, while ultraluxury listings above $20M require uniqueness to command attention.
These dynamics create opportunity windows for buyers willing to act decisively and for sellers who bring turnkey, well-positioned properties to market.
Tahoe’s 2025 Outlook
Looking ahead, Tahoe’s luxury real estate market is best described as stable, exclusive, and lifestyle-rich.
• For Sellers: Properties with lake frontage, panoramic views, or integration into premier communities (Clear Creek, Martis Camp, Glenbrook) are positioned to achieve benchmark pricing.
• For Buyers: Strategic acquisitions in today’s balanced market can secure generational assets before the next surge in demand. Flat-to-modest price growth creates opportunities, particularly in categories just below the ultra-luxury tier.
• For the Market Overall: Tahoe remains globally relevant. Compared to other destinations, its pricing offers relative value, while its lifestyle and tax structure ensure continued demand from Bay Area executives, international families, and UHNW individuals diversifying assets.
Lake Tahoe as a Benchmark of Legacy
In the 2025 global landscape of luxury resort towns, Lake Tahoe stands out as both timeless and timely. Its enduring appeal rests on more than price performance—it is defined by its ability to deliver privacy, recreation, cultural richness, and security.
As the Market Pulse underscores, luxury today is measured in experiences as much as equity. Tahoe embodies that shift: homes here are not merely investments, but sanctuaries and legacies, where families create traditions, communities grow stronger, and the “good life” finds its perfect stage.
Our partnerships elevate you into every corner of the global market.
When you partner with Chase, you’re connected to 550+ top-tier independent real estate brokerages spanning 60 countries across six continents, including our London office. This global partnership gives you access to more than 120,000 real estate professionals who represent more $1M+ properties than any other company worldwide. Together, they achieve over $500 billion in annual sales, with a transaction closing every 15 minutes.
LEADING REAL ESTATE COMPANIES OF THE WORLD
As members of Leading Real Estate Companies of the World, Chase International real estate is connected to a referral network of 565 of the foremost local, regional and international real estate firms, with 4,300 offices and 130,000 sales associates in the US and 70 countries. Collectively, we sell 1.1 million homes annually valued at $377 billion.
LUXURY PORTFOLIO INTERNATIONAL
Luxury Portfolio International® is the luxury face of Leading Real Estate Companies of the World® the largest global network of premier locally branded companies dominated by many of the world's most powerful independent luxury brokerages.
MAYFAIR INTERNATIONAL REALTY
Mayfair International connects to 125 real estate brokerages with 350 offices, each with a stellar reputation in their respective countries. Country Life uploads all Chase properties over $1 million to their magazine website, Countrylife.co.uk. Country Life has been a national institution in the U.K. for over 100 years; a copy is hand-delivered to the Royal Family each week. Mayfair provides advertising and public relations opportunities to ensure maximum exposure for Chase International listings.
LUXE SF
LuxeSF, a B2B organization of sales and marketing practitioners, is considered to be the Bay Area leader in the arena of luxury marketing, and the thought leader for the intelligent exploration of best marketing practices and trends in the luxury marketplace.
ARTISAN GROUP
The Artisan Group is a strategic alliance of high image real estate companies reaching from the greater San Francisco Bay area to Lake Tahoe. Chase clients benefit from this prestigious group’s network of professional luxury real estate brokers. Through this alliance, Chase is able to connect with qualified buyers in our major feeder markets.
ARTISAN GROUP
Donovan Group Luxury Team
INCLINE VILLAGE SALES VOLUME LEADERS YEAR AFTER YEAR
Representing over one billion dollars in sales, we are honored to represent the most distinguished clientele and their properties within a community that we are proud to call ‘home.” Throughout the decades, our preeminent clients have continued to trust our intuitiveness to their needs and respect for their investments. Today, as leaders in the sale of the markets’ most luxurious estates, and consistent top producers, we continue our honor-bound commitment to apply our global marketing expertise on our clients’ best behalf. As a family team, we pack a powerful punch. From our local market knowledge to our Bay Area background (and U.C. Berkley alumni contacts), we take great pride in engaging our connections to ensure the most rewarding and seamless transactions for all involved. Kevin is a TahoeReno local with sales acumen. Growing up in Incline Village and graduated from the University of Nevada Reno. All combined, we look forward to sharing our passion for our community and commitment to our clients who seek a real estate team with a zest for success.
Kerry Donovan Vice President of Luxury
Donovan Group Luxury Team
NV Broker Salesperson
CRS CLHMS | NV LIC # BS 52696 kdonovan@chaseinternational.com
775 750 2190
Megan Parr Warren
Luxury Sales Specialist
Donovan Group Luxury Team
NV Broker Salesperson
CRS CLHMS | NV LIC # BS 143530 mwarren@chaseinternational.com 775 303 2672
Kevin Donovan
Luxury Sales Specialist
Donovan Group Luxury Team
REALTOR
NV LIC S 0194609
kevindonovan@chaseinternational.com
775 750 7339
Kerry Donovan Megan Parr Warren Kevin Donovan
