There are currently 4 lakefronts in escrow. One is on coveted Sunnyside Lane, list price $13.5 million (Alex has details on this pending transaction; feel free to ask). The other West Shore lakefront is a Tahoma property on 1.74 acres listed at $3.9m. One Tahoe City lakefront short sale has been in escrow for a while now (list $2.9m) and a ‘beachfront’ REO on Lake Terrace is also in escrow – this one had 11 offers in the first 5 days. Thus far in 2012 sellers are getting about 90% of asking price at the lakefront level and there were multiple offers on 2 of the 5 sales this year. Sellers click here to download the first few pages of my Integrated Sales Strategy for Lakefront Property and please call or email to see the rest.
Below you’ll find a Comparative Market Analysis showing what’s on the market, what’s in escrow, and what’s sold on MLS this year. There were two additional sales in Rubicon which aren’t on this chart (ask Alex for details).
View updated Lakefront Sales Maps here
| RESIDENTIAL Summary Statistics | ||||||||||
| High | Low | Average | Median | |||||||
| List Price | $19,950,000 | $998,800 | $4,717,665 | $3,690,000 | ||||||
| Sold Price | $8,600,000 | $900,000 | $3,818,000 | $2,950,000 | ||||||
| RESIDENTIAL – Active | ||||||||||
| ADDRESS | Price | Close Date | #Beds | Garage | Sq Feet | DOM | List Price | $/Sq Feet | SP | $/Sq Feet |
| 8335 Meeks Bay Avenue | $1,600,000 | 4 | 0 | 1800 | 266 | $1,600,000 | $888.89 | |||
| 3225 & 3205 West Lake Boulevard | $1,975,000 | 3 | 0 | 1342 | 683 | $1,975,000 | $1,471.68 | |||
| 4760 North Lake Boulevard | $2,100,000 | 6 | 1 | 0 | 222 | $2,100,000 | ||||
| 6400 West Lake Boulevard | $2,295,000 | 4 | Carpt | 0 | 1 | $2,295,000 | ||||
| 8650 Brockway Vista Avenue | $2,300,000 | 5 | 2 | 2999 | 694 | $2,300,000 | $766.92 | |||
| 6203 North Lake Boulevard | $2,495,000 | 4 | 3 | 3856 | 57 | $2,495,000 | $647.04 | |||
| 8353 Meeks Bay Avenue | $2,499,000 | 4 | 2 | 2500 | 301 | $2,499,000 | $999.60 | |||
| 8321 Meeks Bay Avenue | $2,500,000 | 4 | 4+ | 3000 | 1025 | $2,500,000 | $833.33 | |||
| 247 Drum Road | $2,595,000 | 1 | 0 | 0 | 326 | $2,595,000 | ||||
| 130 Macinaw Road | $2,750,000 | 3 | 3 | 3675 | 1057 | $2,750,000 | $748.30 | |||
| 5140 West Lake Boulevard | $2,900,000 | 3 | Carpt | 2486 | 326 | $2,900,000 | $1,166.53 | |||
| 2860 Lake Terrace Avenue | $2,949,500 | 4 | 2 | 2620 | 87 | $2,949,500 | $1,125.76 | |||
| 3852 North Lake Boulevard | $2,995,000 | 3 | 2 | 2740 | 692 | $2,995,000 | $1,093.07 | |||
| 9770 Brockway Springs Road | $2,999,999 | 5 | 2 | 5900 | 246 | $2,999,999 | $508.47 | |||
| 2820 Lake Terrace Avenue | $3,149,000 | 6 | 2 | 0 | 2 | $3,149,000 | ||||
| 5240 North Lake Boulevard | $3,200,000 | 4 | 0 | 0 | 576 | $3,200,000 | ||||
| 8315 Meeks Bay Avenue | $3,350,000 | 4 | 0 | 1248 | 368 | $3,350,000 | $2,684.29 | |||
| 8775 Rubicon Drive | $3,600,000 | 5 | Carpt | 2020 | 279 | $3,600,000 | $1,782.18 | |||
| 100 Sierra Terrace | $3,650,000 | 3 | 2 | 2421 | 370 | $3,650,000 | $1,507.64 | |||
| 4480 North Lake Boulevard | $3,690,000 | 4 | 0 | 3341 | 95 | $3,690,000 | $1,104.46 | |||
| 8849 Rubicon Drive | $3,895,000 | 4 | 0 | 0 | 20 | $3,895,000 | ||||
| 6650 North Lake Boulevard | $3,900,000 | 4 | 0 | 0 | 270 | $3,900,000 | ||||
| 8815 Rubicon Drive | $3,975,000 | 5 | 1 | 0 | 196 | $3,975,000 | ||||
| 5568 North Lake Boulevard | $3,995,000 | 7+ | 4+ | 5492 | 1255 | $3,995,000 | $727.42 | |||
| 6460 North Lake Boulevard | $4,200,000 | 4 | 2 | 3697 | 354 | $4,200,000 | $1,136.06 | |||
| 6490 North Lake Boulevard | $4,225,000 | 6 | 4+ | 3420 | 58 | $4,225,000 | $1,235.38 | |||
| 8797 Rubicon Drive | $4,250,000 | 5 | 0 | 1960 | 1081 | $4,250,000 | $2,168.37 | |||
| 4762 North Lake Boulevard | $4,395,000 | 5 | 2 | 4042 | 157 | $4,395,000 | $1,087.33 | |||
| 5230 North Lake Boulevard | $4,500,000 | 6 | 3 | 4076 | 284 | $4,500,000 | $1,104.02 | |||
| 9530 Brockway Springs Road | $4,750,000 | 4 | 2 | 4699 | 27 | $4,750,000 | $1,010.85 | |||
| 9420 Brockway Springs Road | $4,800,000 | 4 | 2 | 4100 | 304 | $4,800,000 | $1,170.73 | |||
| 656 Olympic Drive | $4,995,000 | 4 | 2 | 3250 | 18 | $4,995,000 | $1,536.92 | |||
| Active Continued… | ||||||||||
| ADDRESS | Price | Close Date | #Beds | Garage | Sq Feet | DOM | List Price | $/Sq Feet | SP | $/Sq Feet |
| 9898 Lake Street | $6,250,000 | 7+ | 1 | 5388 | 427 | $6,250,000 | $1,159.99 | |||
| 3915 Belleview Avenue | $6,495,000 | 4 | 3 | 0 | 201 | $6,495,000 | ||||
| 5240 North Lake Boulevard | $6,950,000 | 7+ | 0 | 0 | 113 | $6,950,000 | ||||
| 4812-26 North Lake Boulevard | $6,985,000 | 6 | 2 | 4000 | 300 | $6,985,000 | $1,746.25 | |||
| 5100 West Lake Boulevard | $6,995,000 | 5 | 2 | 5200 | 701 | $6,995,000 | $1,345.19 | |||
| 1970 West Lake Boulevard | $17,900,000 | 7+ | 4+ | 13200 | 354 | $17,900,000 | $1,356.06 | |||
| 2500 West Lake Boulevard | $19,950,000 | 5 | 4+ | 12255 | 551 | $19,950,000 | $1,627.91 | |||
| 1620 North Lake Boulevard | $2,900,000 | 6 | 2 | 5500 | 496 | $2,900,000 | $527.27 | |||
| Total Listings | Avg | Avg | Avg | Avg | Avg | |||||
| 40 | 371 | $4,547,437 | $1,208.93 | |||||||
| RESIDENTIAL – Sold | ||||||||||
| ADDRESS | Price | Close Date | #Beds | Garage | Sq Feet | DOM | List Price | $/Sq Feet | SP | $/Sq Feet |
| 99 Chipmunk Street | $900,000 | 3/23/2012 | 2 | 1 | 1688 | 133 | $998,800 | $591.71 | $900,000 | $533.18 |
| 6103 North Lake Boulevard | $1,000,000 | 1/4/2012 | 4 | 1 | 3044 | 775 | $1,399,000 | $459.59 | $1,000,000 | $328.52 |
| 3328 Edgewater Drive | $2,950,000 | 3/16/2012 | 5 | 2 | 3892 | 361 | $2,950,000 | $757.97 | $2,950,000 | $757.97 |
| 4850 North Lake Boulevard | $5,640,000 | 3/19/2012 | 4 | 3 | 5279 | 1069 | $6,490,000 | $1,229.40 | $5,640,000 | $1,068.38 |
| 5526 North Lake Boulevard | $8,600,000 | 2/27/2012 | 6 | 2 | 5105 | 167 | $10,500,000 | $2,056.81 | $8,600,000 | $1,684.62 |
| Total Listings | Avg | Avg | Avg | Avg | Avg | |||||
| 5 | 501 | $4,467,560 | $1,019.10 | $3,818,000 | $874.53 | |||||
| RESIDENTIAL – Pending | ||||||||||
| ADDRESS | Price | Close Date | #Beds | Garage | Sq Feet | DOM | List Price | $/Sq Feet | SP | $/Sq Feet |
| 7097 West Lake Boulevard | $3,995,000 | 5/7/2012 | 3 | 0 | 2003 | 29 | $3,995,000 | $1,994.51 | ||
| 2220, 2255 Sunnyside Lane | $13,500,000 | 5/31/2012 | 6 | 2 | 0 | 0 | $13,500,000 | |||
| Total Listings | Avg | Avg | Avg | Avg | Avg | |||||
| 2 | 14 | $8,747,500 | $1,994.51 | |||||||