Old Greenwood

Sandwiched between highway 267 and Highway 80, on Airport Flats, this community which is part of East West Partner’s Tahoe Mountain Community Development is composed of custom homes, sites, luxury villas, cabins and town homes.  Also included are practical and luxurious, fully equipped fractional ownerships.  The property includes a beautiful Jack Nicklaus public golf course. 

Ownership at Old Greenwood includes membership in the Tahoe Mountain Club which boasts unsurpassed amenities including on-mountain amenties at Northstar-at-Tahoe with ski valet, members’ Alpine Club in the heart of the village and a mid-mountain restaurant; a swim, tennis, fitness and spa facility at Old Greenwood; golf privileges at Old Greenwood and Coyote Moon and fine dining Lakefront at Lake Tahoe at the Wild Goose, a privately owned restaurant.

12585 Legacy Court

We understand that homeownership is not for everybody, some perfer to just be pampered while on vacation so this Old Greenwood shared ownership may be just what the doctor ordered. No need for homeowner projects or maintenance, just arrive and grab the golf clubs, skis, swimsuit or whatever suits your fancy. This fully & elegantly furnished 3 bedroom, 3.5 bathroom townhome makes vacationing easy! Located on the 18th fairway and a short walk to the Pavillion for swimming, dining and more. Offered at $30,000, call for details.

Tahoe Mountain Resorts Update

At our sales meeting yesterday, Jeff Brown, the only remaining salesperson at Tahoe Mountain Resorts, gave us an update on the properties that he represents.  You’ll recall that these properties include Old Greenwood, Gray’s Crossing, The Ritz Carlton and some properties in Northstar at Tahoe.  These properties were owned by East West Partners who had filed chapter 11 bankruptcy and emerged from that process on July 1.  According to Jeff, the bankruptcy had more to do with Wall Street than it had to do with the Truckee Real Estate Market.  In any event the result was a series of short sales including the Sunset Idea House and the entry cabins at Old Greenwood.  Apparently there will be one more liquidation at Hyatt Northstar Lodge.  This property is composed of luxury whole ownership units, supposedly the best ever built by East West Partners.  Currently they are for sale at well below construction costs.

Also, the Ritz Carlton is being marketed for sale.  The property will continue to be operated by Ritz Carlton or to a Ritz Carlton standard.  Being sought is an investor who will pick it up for a fraction of its original price, and we have been told that there are plenty of prospects.

The Tahoe Mountain Club remains fully operational.  Amenities are, according to Jeff, even better than ever.