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Real Estate
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Off The Beaten Path: Tahoe Mansions
By John Lander, CBS13 |
Tahoe.com
Tahoe lakefront mansions not in danger of depreciation.
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Putting a price on Tahoe lake views The Eskimos supposedly have 100 words for love, because it’s so vital to their existence.
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Demand is high for Lake Tahoe second homes The second home market has experienced little impact from the negative housing and credit...
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The Ritz-Carlton Club, Lake Tahoe opens The Ritz-Carlton Club, Lake Tahoe is accepting pre-construction sales reservations for...
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Off The Beaten Path: Tahoe Mansions While home foreclosures are at record rates in the Sacramento valley, Tahoe's lakefront...
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While home foreclosures are at record rates in the Sacramento valley, Tahoe's lakefront mansions seem safe from the national trend.
If you are buying though, you better have a thick wallet. There are 71 miles of shore line at Lake Tahoe. Take a boat around the lake and you'll see lots of undeveloped areas where the trees meet the water.
Keep cruising and you'll find miles of shorefront home. Anywhere else these single family residences would sell for low to mid six figures. Today even with the cooling real estate market these homes are now worth well over a million dollars each.
Add a buoy where you can tie up a boat and you increase the value by maybe a hundred thousand dollars. Add a dock and beach, and the home can be worth a million dollars more. When these homes go up for sale today, they really sell.
What makes these Tahoe mansions so attractive and sellable is that under today's regulations, many of them couldn't be built again.
Building a new dock, cutting down a tree is nearly impossible under Tahoe's tight environmental regulations. So, this fourteen thousand square foot mansion with a guest house could never be built today.
Real estate agent, Sherri Chase says, "You'll notice there are over four hundred feet on the water, there's a sandy beach which is really exquisite."
That's why this mansion was listed at thirty six million dollars. Prices like that have driven up prices of homes like this three bedroom three bath with a view to nearly double what they were just a few years ago. Veteran real estate agents see that trend continuing, recession or not.
"I've never seen anything at this lake that just didn't keep appreciating."
Investors seem to have gotten the message because so far this year, more million dollar and above homes have sold here than those priced below seven figures.
So, while many Northern California cities are awash in foreclosure and for sale signs, finding one here at Lake Tahoe is relatively rare.
This story originally appeared on CBS13's website http://cbs13.com/beatenpath/mansions.in.tahoe.2.627401.html">CBS13.
If you are buying though, you better have a thick wallet. There are 71 miles of shore line at Lake Tahoe. Take a boat around the lake and you'll see lots of undeveloped areas where the trees meet the water.
Keep cruising and you'll find miles of shorefront home. Anywhere else these single family residences would sell for low to mid six figures. Today even with the cooling real estate market these homes are now worth well over a million dollars each.
Add a buoy where you can tie up a boat and you increase the value by maybe a hundred thousand dollars. Add a dock and beach, and the home can be worth a million dollars more. When these homes go up for sale today, they really sell.
What makes these Tahoe mansions so attractive and sellable is that under today's regulations, many of them couldn't be built again.
Building a new dock, cutting down a tree is nearly impossible under Tahoe's tight environmental regulations. So, this fourteen thousand square foot mansion with a guest house could never be built today.
Real estate agent, Sherri Chase says, "You'll notice there are over four hundred feet on the water, there's a sandy beach which is really exquisite."
That's why this mansion was listed at thirty six million dollars. Prices like that have driven up prices of homes like this three bedroom three bath with a view to nearly double what they were just a few years ago. Veteran real estate agents see that trend continuing, recession or not.
"I've never seen anything at this lake that just didn't keep appreciating."
Investors seem to have gotten the message because so far this year, more million dollar and above homes have sold here than those priced below seven figures.
So, while many Northern California cities are awash in foreclosure and for sale signs, finding one here at Lake Tahoe is relatively rare.
This story originally appeared on CBS13's website http://cbs13.com/beatenpath/mansions.in.tahoe.2.627401.html">CBS13.
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