Lake Tahoe Lakefront Update

Tahoe lakefront action is picking up again. There have been three interesting sales since May 1st – one near-miss non-short sale (!), one nice Tahoma property, and the biggest sale in 2 years at California Tahoe (buyer brought in by my company).

The near miss was on Lake Terrace in Tahoe City. It’s one of the most recognizable properties on the North Shore because of it’s red and white striped canvas ‘boathouse’ and the house matches in color. It’s a really neat place with a level lawn upon the cliff above Tahoe – there is zero road noise here. It had been on the market for as much as $5.9m but this May it re-entered the market as potential short sale and was priced low – $3.1m. It sold in a week for $3.4m and the seller was able to avoid a short sale.

The largest sale in two years was on one of Tahoe’s premier streets, Sunnyside Lane. Years ago this property had been a pocket listing in the high teens but it went on the market last year at $13.5m. An agent from my company brought in a buyer when the  property wasn’t listed this spring and the deal came together at $11m.

As for current listings, we are seeing some new ones hit the market. There are a couple pocket listings including one in Hurricane Bay ($6.5m). My company just listed a one-level home on Hurricane Bay ($3.95m) and it has been very well received. A development parcel in Tahoe City with 1.8 acres just entered the market at $5.9m. An interesting Meeks Bay Ave lakefront just hit the market for $2.8m. It has a curved roof plus pier with boathouse on the side and two buoys. Feel free to contact Alex for any additional info on sales, escrows or any properties of interest.

Lakefront Property Request Form

Receive an immediate email whenever a new lakefront listing hits the market. My company has pocket listings and there are usually interesting rumblings within the lakefront community. I can share these with you, as well.
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