Lakefront Market Report Lake Tahoe
The lakefront market in North Lake Tahoe and Incline Village, Nevada continues to show strong sales activity. Year over year, the number of homes sold is the same, but the transactional dollar volume has doubled.
Buyers will find that the current real estate market is just as competitive as it has been for the last 18 months. The only difference is that the number of available properties has diminished to a six-week supply. This means that buyers need to be ready to move quickly when new listings come onto the market.
In 2021, almost 50% of sales were over $1 million. The median sale price in North Lake Tahoe rose over $1 million in 2021. Year over year, appreciation increased almost 30% from 2020 to 2021. Sales numbers for luxury listings over $10 million have quadrupled.
In terms of lakefront listings, there currently only 13 available listings in Incline Village, the North Shore and West Shore of Lake Tahoe.
Below are a few of my favorites:
On the West Shore, this one-of-a-kind, lakefront estate is offered at $38,500,00. It is situated on 1.7 level acres with 130+ feet of lake frontage. The main house is 7 bedroom, 7.5 bath, and includes a 3 car garage. The guest house is 2 bedroom, 1.5 bath with total square footage approximately 10,000. The classic and elegant interior has been recently updated making the home inviting and ready for use. It boasts an indoor pool and outdoor custom in-ground spa. Enter through a gated entrance and heated driveway with beautiful grounds, walking path, and bocce court. This home also includes a private deep water pier with boat hoist and two buoys.
Offered at $4,900,000, this nearly 7,500 square feet offers a sandy beach, shared pier, 2 permitted buoys, and massive boat house for excellent storage. Truly one of the most magnificent lakefront settings, views and sunsets in Tahoe! Charming beach corner lot cottage, walking distance to shopping, dining, entertainment, and close to the major North Shore ski areas. Offering an Amazing location to call home, enjoy all that Lake Tahoe has to offer. The massive paved driveway and parking area are located off of a small private road, which presents many redevelopment options.
In Crystal Bay, NV this "Crystal Bay Chateau" is offered at $35,000,000 with 180 feet of waterfront. Grand doors open to a cathedral like hallway and stunning glass walls. Hand carved walls from France and tapestry fabric inlay panels make this like-new estate truly exquisite. The kitchen boasts a Wolfe Stove, Ornate Hood, commercial refrigerator, huge granite island, 2 dishwashers, walk-in pantry, and dining for 10. The home also includes Fine Art Chandeliers and Lighting, New Zealand Wool Rugs, Acacia Hardwood Floors, travertine, & marble Flooring. Enjoy the ornate library, with hand carved Belgian walls, study, and guest suite with walk-in closet. The luxurious Living Room includes an imported fireplace from France. Hand carved spiral staircase, game room, plus six-person steam shower and 16 seat theatre.
In Incline Village, NV, this impeccable lakefront home is listed at $13,500,000, offering panoramic lake views. The lovely landscaped grounds, and 2 private buoys make this a rare and unique lakefront home. Experience the wonder of this custom-built home by esteemed builder John Crinion. The stunning entry is complete with vaulted cedar ceilings with ridge skylight and floor-to-ceiling windows to accommodate the distinguished Lakeview. The great room extends into the open kitchen, dining, and deck with an auto-retracting awning. The large wet bar is complemented with natural stone counters and custom cabinetry continuing into the kitchen. Take the elevator to all 3 floors, straight into the master suite. You will be amazed by the lake view with a private office area complete with cherry wood cabinets. The master bathroom includes its own lake view right from the spa tub or the dual-headed shower! On the ground floor, 2 more bedrooms feature their own dazzling views, each featuring en-suite baths and direct access to the paver patio overlooking the spacious lakefront lawn.
Whether you are considering buying or selling your lakefront property at Lake Tahoe, I specialize in this niche. Contact me today for more information on available homes or coming soon listings. I’d be happy to prepare a comprehensive home valuation and marketing plan for your lakefront listing.