Quarterly Trends
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Millcreek Subdivision consists of 276 parcels averaging . 35 acre in size, making it a popular neighborhood with families and full-time residents. At 6,225’ elevation, this is a low elevation area, with convenient year-round access and lots that are mostly level and easy to build on.
- Thanks to redevelopment and new construction, the Millcreek neighborhood has experienced substantial appreciation in North Lake Tahoe real estate market.
- It’s not unusual to see a new, $3 million estate next to an older, 1970’s ranch style bungalow; this will most likely be the next property to be replaced.
- The relatively level parcels make building new homes easier, and in most cases tearing down and building new is a more economically advantageous decision than remodeling.
- Boasts a prime location, walking distance to Incline and Ski Beaches. Also close by are the Hyatt Regency Resort, Spa and Casino, and its excellent restaurants including the Lone Eagle Grille, which serves great American cuisine on the shores of Lake Tahoe.