IMI Worldwide Properties Announces Over $100 Million in Sales at Tahoe Beach Club

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First New Residential Community on Lake Tahoe in 30 Years Sees High Demand and Nears Phase 1 Sell Out Pre-Construction

Residence living room

Tahoe Beach Club offers not only a matchless location and modern lifestyle amenities, but also the benefits of a friendlier Nevada tax climate. Given this rare trifecta we've been able to achieve record sales prices while also keeping sales at a high velocity never before seen in the Lake Tahoe mark

IMI Worldwide Properties, a leading luxury real estate marketing and sales firm, is pleased to announce record sales numbers for Tahoe Beach Club, a new private residential community on the southeastern shore of Lake Tahoe. During the first 15 months of pre-construction sales, 41 of 46 Phase 1 residences sold for a total of $102 million, setting a record-breaking sales pace for Lake Tahoe real estate projects.

A scarcity of new construction along the Lake has fueled high demand for the initial release of residences; as the first residential community to be approved on Lake Tahoe in more than 30 years, Tahoe Beach Club presents a singular opportunity to own a home with direct private access to one of America's most iconic landmarks.

"Reaching a near sell out of Phase 1 pre-construction is a remarkable milestone. The fact that a property like this may not come again for many years is certainly a driver for buyers who want to secure their family's legacy on the Lake," said Mike Collins, Founding Partner & Chief Executive Officer at IMI. "Tahoe Beach Club offers not only a matchless location and modern lifestyle amenities, but also the benefits of a friendlier Nevada tax climate. Given this rare trifecta we've been able to achieve record sales prices while also keeping sales at a high velocity never before seen in the Lake Tahoe market."

Set to open this Fall, Tahoe Beach Club will bring a wholly unique living experience to the Lake. The 143 two- to five-bedroom condominium residences will be anchored by the iconic Beach Club, a world-class community hub designed by renowned architect John Sather of Swaback Partners. Known for high-profile, family-centered projects such as the Family Barn at Martis Camp (Truckee, CA) and The SHED at Promontory Club (Park City, UT), Sather's Beach Club will differentiate Tahoe Beach Club by offering owner's the best of today's lifestyle amenities right out their front door, including fine and casual dining; a yoga and Pilates pavilion; a premier fitness facility; business center; concierge services; and a full-service spa.

Outdoor recreation awaits on the private white sand beach complete with cabanas and fire pits, a 160-foot floating pier, boat valet service and an infinity-edge pool overlooking Lake Tahoe. Hiking, biking and exploration are steps away within the surrounding 300+ acres of national forest and meadows to the north, or owners can hit the links at neighboring Edgewood Tahoe Resort and Golf Course. Tahoe Beach Club is also just minutes from Heavenly Ski Resort and all the excitement, entertainment and dining found in South Lake Tahoe, a destination experiencing a significant transformation as an influx of innovative restaurants, craft breweries, upscale hotels and entertainment venues attract a new generation of visitors to play and stay.

The residences at Tahoe Beach Club meld modern mountain livability with the timelessness of Tahoe. Materials have been creatively layered - wood abuts stone and metal, creating a contemporary textural vibrancy. Throughout the mountain modern residences, custom lighting, wide expanses of windows, large decks, fine appliances and appointments all speak to an elevated, active and relaxing lifestyle while maintaining an understated elegance. With special attention paid to comforts and conveniences such as sound attenuation and underground parking with elevator access directly into residences, Tahoe Beach Club brings a heightened living experience appealing to today's modern families.

The Initial Release of Phase 2 residences will take place this spring, and will be treated on a first come first serve reservation process, which are being secured at this time. Tahoe Beach Club start at $1.3 million. For more information, please visit http://www.thetahoebeachclub.com or contact IMI at our Tahoe Beach Club office at 775-285-9440.

About Tahoe Beach Club:
Located on the southeastern shore of Lake Tahoe in Nevada, Tahoe Beach Club is the first full-ownership Lakefront community approved on the lake in over 30 years. The rare, private setting features unparalleled panoramic views, a private sand beach, and convenient access to the renowned Edgewood Golf Course, Heavenly Ski Resort and the excitement, entertainment and dining of South Lake Tahoe. Tahoe Beach Club will consist of 143 Modern Mountain condominium residences and a private Beach Club with all the amenities of a luxury resort, including dining, full concierge services, state-of-the-art fitness center with yoga pavilion and Pilates studio, full service spa, beachside cabanas and firepits, infinity edge pool overlooking Lake Tahoe and boat valet and shuttle services. http://www.thetahoebeachclub.com

About IMI:
IMI has been a sales and marketing leader in the luxury real estate industry for more than 28 years. Working closely with premier real estate developers and through key strategic alliances, they have helped create some of the most iconic luxury real estate communities in North America and the Caribbean. Through their integrated sales and marketing programs, IMI capitalizes on emerging real estate trends to introduce affluent buyers to outstanding ownership opportunities, often in the very early stages of development. http://www.imiliving.com

Press Contact:
Spencer Castillo
C&R Communications
310-664-8843
scastillo[at]candrpr[dot]com

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