2481 Fountain Avenue – Just Listed For Sale

2481 Fountain Ave 96150

Rustic Tahoe Cabin owned by original family members. Residence is in good condition however interior photos are not available due to moving boxes all over house. All 3 bedrooms are located upstairs. Master has 1/2 bath and downstairs is a full bath. New counter tops and sanding of original wood floors would complete this home. Home is 1334 SF and priced for a quick sale. The Owner is looking for a 3-4 week lease back. Property is in a good location at the rear of the neighborhood and located on one of the larger neighborhood lots. Worth seeing if you are an investor looking for a fixer upper too. Multiple showings first day. Offer arriving Saturday morning. No decision till late Sunday or Monday. Hurry! Asking $319,900.

Robert Stiles, REALTOR®, CHASE INTERNATIONAL 530-314-0352

928 KIOWA DR – JUST LISTED FOR SALE

Welcome to South Lake Tahoe

Rustic 2 BR / 1 BA Tahoe Cabin with all modern amenities. Granite counter tops, newer cabinets and a superb location backing to CA Conservancy land. Surrounded by more expensive homes this property is perfect for Lake Tahoe visitors and their guest. Easy access to local ski resorts, mountain climbing and Lake Tahoe from here. I don’t expect this home to be on the market for very long. Robert Stiles, REALTOR® CHASE INTERNATIONAL License CA 01279125 Call 530-314-0352 for appointment. $349,900

Photos by EVOLV3MEDIA 775-285-7231

928 Kiowa Dr 96150
928 Kiowa Dr 96150

Now or Never Lake Tahoe Lot!

1721 Sawmill Rd

If you want to build a big house at Lake Tahoe you need, what the government calls, “land coverage”. Land coverage is part of the U.S. government’s environmental plan to protect Lake Tahoe via the Tahoe Regional Planning Agency (TRPA). Man-made structures such as homes, driveways, and tennis courts have been classified as disturbances on the soil within the Lake Tahoe Basin. Those disturbances are measured in variables of square footage with the TRPA providing the limits to how much of your land can be disturbed. Much of the value of 1721 Sawmill Road lies in the building capabilities or amount of land coverage available to you. Zoned R1 for single family residential, this 2.5 acre parcel offers 16,901 SF of type 1A coverage and 25,852 SF of type 6 coverage. For those seeking acreage in an out of town location you could not ask for a better residential building site. This gorgeous parcel sits adjacent to CA Conservancy and U.S. Forest Service land providing privacy, with beautiful mountain views.Showings are by appointment only. Contact Robert Stiles of Chase International at 530-314-0352. Asking $749,000.

1721 Sawmill Rd 96150
Entrance
Storage Shed

Year End Real Estate Preview

South Lake Tahoe Welcome Sign

It is slowing down a bit in the South Lake Tahoe real estate market but primarily within the county area.  While the number of sales in the past 12 months within the city limits stayed steady near 350 we had a 20% drop in the number of sales in our county areas along the N. Upper Truckee and Pioneer Trail corridor.  I noticed quite a few vacation rental home sales this year. I wonder if the city maintained 2018 sales numbers because of Proposition T which bans vacation rentals outside of the tourist corridor at the end of 2021?  Days on market for both areas however stayed near 2018 levels at 79 which tells me urgency levels have been sustained.  Sales prices increased 5.4% within the city limits while county areas received an increase of only 3.9%.  I would have thought county levels would increase higher in value along with an increase in the number of sales but that was not the case.  There have been 226 county sales within the Tahoe Basin in the last 12 months.  Final numbers for all of Lake Tahoe areas should arrive before mid-January. Happy Holidays!

South Lake Tahoe October Sales Update

South Lake Tahoe Welcome Sign

October’s median sales price for both city and county areas backed off from last month’s annual high to $480,000.  We’ve bounced off this level 3 times since April 2019.  For a look at the median sales price for each neighborhood along with the average days on market and the number of units sold see below.

September Update – South Lake Tahoe

South Lake Tahoe Welcome Sign

What goes up must come down, right.  Well prices did decline over the last 3 months however in September prices jumped to near all-time highs not seen since the summer of 2006. The median sales price for the South Lake Tahoe city and county areas rose last month to $485,000.  Only $4000 off our highest median sales price ever – $489,000 which occurred two months earlier in April 2006.  Can we still go higher?  Only time will tell.