It was supposed to be a housing development aimed at providing a high-end experience for C-suite residents in Tahoe’s Incline Village. Now, it sits on the market once more as an empty lot and a dream yet to be realized.
Pitched as a new way to get a toehold into one of Tahoe’s wealthiest communities, Nine 47 Tahoe was a 40-unit condo complex that sought to raise the bar for luxury living spaces.
The relatively modest condos, once complete, would range from 1,525 to 4,171 square feet, with a proposed price tag between $2.5 million and $7 million. While that may sound like starter home square footage (but not necessarily starter home pricing), consider the fact that getting into the market in Incline Village can be tricky and out of reach for the vast majority of prospective homebuyers. Right now, in close proximity to the Nine 47 footprint, there are two properties currently listed for more than $40 million…