Lake Tahoe Lakefront Market
Over the last couple of weeks, several exceptional lakefront properties have come onto the market. Lakefront listings span from an Incline Village four bedroom and three bath on Lakeshore Boulevard, all the way to a $35 million listing in Meeks Bay. A few charming lakefronts can also be found in Carnelian Bay, Dollar Point and on the West Shore of Lake Tahoe.
During the first half of 2023, the supply of lakefront inventory had dropped significantly. Lakefront homes have been selling at 103% of asking price with only 38 days on market on average.
Over the last 30 days, the median price of new lakefront listings is at $4.6 million, with sold listings at a median price of $4.1 million. Currently the median price for all available lakefronts is at $5.8 million with 27 active lakefront listings.
Strong Luxury Market Sales
The luxury market at Lake Tahoe has been selling extremely well. During the 2nd Quarter of 2023, 5 Martis Camp listings sold with prices between $12.2 and $4.9 million. Two listings in Northstar sold in the $5 million range and one luxury home in Schaffer’s Mill sold for $4.5 million.
Over the first half of 2023, a lack of inventory has kept home values relatively stable. The second half of the year usually has stronger sales numbers. With more inventory finally coming onto the market, it will be interesting to see if sales volume increases. Currently, the number of sales year over year are down compared to this time last year.
Exceptional Lakefront Listings
720 West Lake Boulevard, Tahoe City
Guests are welcomed into this contemporary chateau through double arched doors. A wall of windows frame the stunning views of Lake Tahoe and three sets of french doors open onto an expansive stone entertaining patio. The recently upgraded living room exudes a modern simplicity which allows the architectural details, such as the 2-story mantlepiece and soaring ceilings, to shine. The immaculate chefs kitchen opens to a lakeview lounge warmed by a large gas fireplace. With 3 bedrooms and 2 baths, the home features an open entertaining area with floor to ceiling windows overlooking the property. It includes a lakeview pool house with storage for kayaks and SUPs, along with an expansive pier with boat lift that offers an out-of-water storage solution for your boat. Offshore are 2 private, deep-water buoys. The privacy and space of this property are rare on the shoreline of Lake Tahoe. Located on the West Shore of Lake Tahoe and is listed at $18,900,000.
3216 Edgewater Drive, Dollar Point
Located in the prestigious community of Dollar Point, this home is situated on the beautiful North Shore of Lake Tahoe. It enjoys warm, southern exposure with panoramic lake views spanning across Lake Tahoe. The community offers five tennis courts, swimming pool, a community pier and buoys, and a private beach club. Lakefronts in Dollar Point only rarely come onto the market. This property is situated on over two-thirds of an acre, with 80 feet of lake frontage and panoramic southern views across Lake Tahoe. It also has a private pier, two buoys, and beautiful lakeside lawn. Listed at $14,500,000.
We are really excited about the new lakefront inventory. A home in Brockway Hot Springs just sold and another has just come onto the market. Contact us today for more information about the lakefront market in Lake Tahoe.
