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South Lake Tahoe Real Estate Update

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South Lake Tahoe Re-Opens Under Revised Safety Guidelines

Dining in or out? Restaurant owners get creative reconfiguring spaces

The Summer Home-Buying Season May Be Much Hotter Than Expected-Here’s Why

Tahoe Quarterly Magazine
 

What’s Happening At The TRPA 

 

South Lake Tahoe Events 

 

LTUSD Community News  

 
Lake Tahoe Real Estate Resource 

June 12th, 2020  

  

 
866.542.2912  
 
STATELINE, Nev. – The American Century Championship celebrity golf tournament is happening this summer at Lake Tahoe, but like other major sporting events throughout the country, it will be made for television. Two-time defending champ Tony Romo, Steph Curry and Charles Barkley will lead a group of about 80 celebrities in returning to Stateline, Nev., for the 31st annual event on July 8-12 at Edgewood Tahoe. The stars will compete live for nine hours over three days on NBC Sports and at the end, all prize money will be donated to coronavirus relief and area nonprofits. More than $5 million has been raised over the years for local groups. Finish reading here. 
On June 10, the Federal Reserve announced it would be maintaining the target range for the federal funds rate at 0 to 1/4 percent, meeting widespread expectations that the Fed would leave interest rates unchanged and near zero to help preserve the flow of credit in an economy significantly hit by the coronavirus pandemic. The Fed predicts no interest-rate increases through 2022. “The ongoing public health crisis will weigh heavily on economic activity, employment and inflation in the near term, and poses considerable risks to the economic outlook over the medium term,” said the FOMC statement. “The Committee expects to maintain this target range until it is confident that the economy has weathered recent events and is on track to achieve its maximum employment and price stability goals.” Click here to read more.
 South Lake Tahoe Real Estate Market Stats
With a 4.1 monthly absorption rate, we are sitting between a buyer’s market and a seller’s market, or in other words a balanced opportunity market. Given the current state of the Covid world and while access to Tahoe for many is virtual, somewhat counter- intuitively, we are still enjoying an active real-estate market where solid values can be obtained by the buying and selling markets. Real estate listing Inventory is maintaining a slow but solid number of new listings coming to market while other inventory leaves the market in the form of sales (see absorption rate above) or expired listings. What we look for in these leading indicators is direction of the RE market for purposes of anticipating pricing and sales expectation. What we see currently is consistency (as opposed to volatility, such as the liquid equity investments markets). Please don’t hesitate to reach out to us and discuss the market place and how this might affect your plans for your real-estate at the moment we have green lights and blue skies but we’ll have to view it virtually! We can do that!!! To compare this report to last weeks, click here. To learn how to use the absorption rate, click here. 

 
Opens 

Open Houses D

 


Please call to setup your personal open house! Look below for the agent’s phone numbers who will be at the designated house you’re interested in! Call them for more information. 

 2576 Alma Ave. $339,000           
NEW LISTING!!
2567 Alma Ave
Calling all would be Lake Tahoe homeowners: now’s your chance to get into the housing market!! This affordable and roomy 2 bedroom, 1 full bathroom, plus 1 car garage comes neatly packaged in this rancher style home. All with a pleasant twist on the floor plan which includes room for an eat in kitchen, dining area and great room leading to the fabulous fenced back yard, all this for spacious family spread or entertaining! Loads of pre-existing covered parking, super sunny centrally located Lake Tahoe home. Hop on your bike and the trails, or walk to the shops, restaurants and markets in the area of Tahoe Sierra. Make this your next home and take advantage of today’s super low interest rates which truly makes this home a better option than renting.
Call Tambra Anderson 530-721-5588

NEW PRICE!!          
2957 Pinewood Dr
Beautifully updated mountain oasis. This chalet sits towards the back of the property offering a peaceful spot on an already quiet street with natural landscaping. Inside you will find an open floor plan with 2 bedrooms & 1 bath downstairs, and 2 bedrooms and 1 bath upstairs. Upgrades include new roof, new flooring, new HVAC, new cabinets, new butcher block counters, fully remodeled bathrooms, new appliances, new windows, doors, and new bear box! Nest thermostat & new uninstalled TRPA compliant wood burning fireplace. All you need is your suitcase!
 
Wally Johnson
Call Wally Johnson 530-277-5687

 
220 Terrace View Dr
A one of a kind must see pristine 1973 custom home with an attached 800 sqft 4 car garage. When you walk though the doors you are welcomed by a great room featuring large beam vaulted ceilings, floor to ceiling rock fireplace and wall to wall windows in the living room allows for amazing views of the lake- no art necessary! The main floor has a great room, master bed, 2nd bed and hall bath. There is a loft with 1 additional bed upstairs. Take the elevator down to the second floor and you have the exact same layout with a kitchenette, master and 2nd bed. This could be turned into a second unit if one desires. Keep this home in its mint condition 1973 design or customize to your hearts desire.
 
Shannon Whitt
Call Shannon Witt 530-863-0548 

 
1901 Delta St
This beautiful 2-story custom home is walkable to all the restaurant and shopping amenities at the Y as well as a short drive/bike to South Shore’s best beaches! The upstairs living features an elegant kitchen that flows into the large living area; is perfect for those that love to entertain. Custom touches include granite slab counters, Milgard windows, French doors all with Hunter Douglas insulated honeycomb blinds, vaulted ceiling with recessed lighting, birch cabinets and a large walk-in pantry! The master suite features a Jack-n-Jill bathroom with privacy doors, triple sinks, stall shower with dual showerheads and large closet. Enjoy Tahoe nights from the upstairs deck, landscaped backyard or stare at the stars from the hot tub. 
 
Call Mason Hibbard 415-990-1212

 
1879 Bella Coola
Call this Tahoe Paradise” lovely home your Mountain get away or home sweet home! 
Completely furnished for those that are ready to move right in and start having the time of your life in this truly well located roomy 3 bdrm. 2.5 bath home with open living style. The floor plan lends itself to entertaining or cozying up on those snowy winter eves and simply enjoy the good life while sitting by the fireplace. Indoor /outdoor living gives plenty of space to roam. The yard beckons as it opens up to rolling lawn and landscaped sitting areas not to mention the hot tub that awaits after a fun day out. But perhaps best of all is the out your door access to hiking & biking trails or wander down and enjoy the Meyers downtown and enjoy some of the local color! Snow season is upon us with 3 resorts mere minutes away! Yes, you can have it all. Well priced for this turnkey county home, only thing missing is you! 
Call Bret Howard 530-318-5439 
Opens Featured Listings

1129 Sundown Trail $629,000          
 
1129 Sundown Trail
Come make this gem located in South Lake Tahoe’s most established and desirable neighborhoods yours! This updated home in the Golden Bear section of Montgomery Estates is centrally located. A short drive from Heavenly Valley, Lake Tahoe beaches, the shops at Ski Run, and the live music, restaurants and action of Stateline. Enjoy the tranquility of walking down to the river or the soundtrack of the mountain chickadees from your deck or recently fenced yard.
 
 

1323 Keller Rd. $1,190,000          
 
1323 Keller Rd
Surrounded by forest with peek-a-boo Lakeview’s, this one of a kind mountain masterpiece is a must see. Built in 2004, this home was finished with attention to the finest detail. Dramatic 22′ open beam ceilings, 60 wood-clad windows and skylights plus rustic maple flooring. The professional chefs kitchen includes built in appliances, granite slab counter tops and custom Alder cabinetry. The home offers not one but two master suites, 4 jetted tubs in all, a game room and hot tub situated in the trees. Located just down the street from the California Lodge at Heavenly on a 10600 sqft lot backing to USFS land. 
 
 

       
2208 Marshall Tr
Beautiful custom Tahoe home situated on a sunny corner lot in Montgomery Estates. Located across the street from national forest, this 4 bedroom 2.5 bath home boasts 2,995 square feet of living. Thoughtfully laid out design allows for single level living with master bedroom, kitchen, dining, living and laundry room on the first floor. A spacious loft, full bath, and 2 additional rooms encompass the second story. Enjoy yourself outside in the spa while looking at the forest. This property has everything in place and is ready for its new buyers personal touches! 
 

 
2329 Nekos Way
Perfect Quarantine Retreat!! This once in a lifetime opportunity to own a rare 6.76 acre parcel with its own private gated entrance off State Hwy 89 right past Baldwin Beach is now available. This beautifully forested parcel backs to two merging seasonal creeks and has wonderful views of Mt Tallac. The current 700 sqft 1 bedroom 1 bath house was fully rebuilt in 2014 from the ground up. In addition to the main living area 550 sqft of decking was added to allow for outdoor entertaining. Fully upgraded private well and plumbing provides pristine drinking water. The storage shed is roomy and could be turned into an additional sleeping area. The private gated road allows you the sole access to this gem. There is still over ~64,000 sqft of Bailey 5 coverage on the property to build your dream compound or sell off! Hiking and outdoor adventures wait for you once you exit the house. 

       
885 Rainbow Dr
Calling all buyers. Here is your chance to own a custom Tahoe home in South Lake Tahoe. This home is located in a quiet neighborhood close to all the bike trails, beaches, Camp Richardson, Fallen Leaf Lake, shopping and restaurants. The attention to detail has been found at this property. The main floor encompasses the great room with wood flooring thru out, hickory cabinets, natural wood bar and stainless steel appliances in the kitchen, large windows thru out to let all the natural light in, cobblestone fireplace with gas insert in the living room area and a large deck for entertaining and relaxing. The master bedroom boasts vaulted ceilings with a custom etched glass window, large walk in closets, master bath with Jacuzzi tub, heated natural stone floors and large enclosed shower. Downstairs you will find an additional family room with two large bedrooms, large bathroom with double sinks and the laundry room. The back yard is the perfect spot for the fur babies being fully fenced.

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