Tahoe Lakefront Property
Lake Tahoe, CA
Search all Lakefront Property on Tahoe MLS
Locations: All North Shore, Tahoe City and the West Shore through Rubicon’s Gold Coast
Price Range: $900,000’s – $30+ million
Considered by most to be the ultimate goal for a Tahoe property, our lakefronts are a breed unto themselves. There are huge differences in what is offered at various prices but the fun thing is that the lakefront market is a microcosm of Tahoe itself. We have little Old Tahoe’s that haven’t changed in generations, massive acreage parcels with 30,000 square-foot mansions, and everything in between. We see underground basketball courts, helicopter landing pads, movie theaters, three-level car garages, sea plane docks, remote-control railroad boat launches, and just about anything else you can image.
Sellers Note: The number of home offered for sale is way down. Some multiple offers being seen.
Buyers Note: There are nice, remodeled lakefronts with piers in the low $2m range.
Characteristics Which Drive Value…
Depth of Water Near Shoreline – Tahoe’s ‘yearly tide’ means that the lake level is always in flux. It can rise and fall considerably from one summer to the next. Deep water is insurance for the low water years and there is generally a price associated with that.
Pier and Accoutrements – Piers are a function of land value but simply stated they add roughly $500,000 to $2m in value. Boat hoists, rock cribs, multiple slips, and boat houses (especially those with living areas) each increase value.
Lake Frontage – The most affordable lakefront parcels can have as little as 10 feet of frontage (flag lots). Some are built on lots that are only 50′ wide (King’s Beach) while many lots are 100′ across. Estate properties can have up to a thousand feet on the lake.
Proximity to the “Highway” – West Shore and North Shore Boulevards, though relatively small, do generate noise. Some neighborhoods offer a buffer for their lakefront homes while other properties are sited directly on the roadside. Some lakefronts will have the Blvd. address but long meandering drives which mitigate the sound and add to privacy. The beauty of all the lakefronts is that your living is done facing the Big Blue with your house buffering much of the noise. And yes, the two-lane boulevards are actually referred to as the Highway!
Historical Sales Data
Note on 2012: I know of 4 off-market transactions in addition to the data below (off-market sale range $10.5m – $3m)
| 2012 | TOTAL | HIGH | LOW | AVG | MED | |
| LISTING COUNT: |
33
|
DAYS ON MARKET: |
1462
|
0
|
343
|
167
|
|
|
Note on 2011 data: I know of one sale off-market ($3.9m)
| 2011 | HIGH | LOW | AVG | MED | ||
| LISTING COUNT: | 24 | DAYS ON MARKET: | 1046 | 4 | 290 | 217 |
| HIGH | LOW | AVERAGE | MEDIAN | TOTAL PRICE | ||
| LIST PRICE: | $7,100,000 | $1,050,000 | $3,241,666 | $2,947,500 | $77,800,000 | |
| SOLD PRICE: | $6,450,000 | $975,000 | $2,972,060 | $2,900,000 | $71,329,450 |
| 2010 | TOTAL | HIGH | LOW | AVG | MED | |
| LISTING COUNT: | 24 | DAYS ON MARKET: | 1240 | 0 | 198 | 108 |
| HIGH | LOW | AVERAGE | MEDIAN | TOTAL PRICE | ||
| LIST PRICE: | $16,600,000 | $1,199,000 | $5,169,042 | $3,992,500 | $124,057,020 | |
| SOLD PRICE: | $12,400,000 | $0 | $4,474,813 | $3,433,250 | $107,395,520 |
| 2009 | HIGH | LOW | AVG | MED | ||
| LISTING COUNT: | 12 | DAYS ON MARKET: | 638 | 9 | 208 | |
| HIGH | LOW | AVERAGE | MEDIAN | TOTAL PRICE | ||
| LIST PRICE: | $6,950,000 | $2,150,000 | $4,096,583 | $3,275,000 | $49,159,000 | |
| SOLD PRICE: | $6,288,000 | $0 | $3,473,166 | $3,412,500 | $41,678,000 | |
Tahoe Lakefront Sales Map 2011-12 (view maps dating to 2007 here)
View Tahoe Lakefront Sales, 2011-2012 in a larger map