Winter Snow Brings Luxury Slopeside Homes to Tahoe Resort Communities

Thinking of buying a multi-million dollar ski-side home in Lake Tahoe this ski season? Take a number.

Strong demand combined with little to no inventory means that ski-in/ski-out buyers are waiting months for properties to come on the market. Historical Snow Levels – Tahoe received nearly 18 feet powder snow in December—continue to fuel inflated demand for prime hillside homes.

“We have so little inventory compared to other ski resorts in the country. Part of that is because so much of the land here is owned by the forest service,” says Jeff Brown owner and general manager of Tahoe Mountain Realty.

Don’t expect any hillside properties to hit the market anytime soon. Brown explains that “Owners don’t often decide to sell before the end of the ski season. Typically, owners go through the winter and then assess either the income received or the usefulness of the property based on its use.” Most ski resorts in Tahoe close mid to late April.

Mountainside in Northstar is where you will find luxury hillside homes. Think sprawling townhouses around 4,000 square feet with listing prices around $4 million and up.

“These properties are largely duplexes and townhouses whose architecture is so sophisticated that they live like single-family homes,” Brown said.

Features include state-of-the-art kitchens, home theaters, fire pits, and bunk rooms for the kids. The bridges are numerous, some of which are equipped with spas. “Of course, the homes have plenty of glass throughout to take advantage of spectacular views. All decks and walkways are clear when it snows,” Brown adds. Additionally, HOA payments cover exterior maintenance.

One community that is garnering increased interest is the Home Run Townhomes collection at Mountainside at Northstar. The 16-residence development at one of California’s top ski resorts saw one of its properties trade hands in December for nearly $4.995 million asking price. Located directly on Home Run Ski Way, all Home Run townhouses have LEED green certification, a designation from the US Green Building Council. The Ritz-Carlton Lake Tahoe is a short walk or gondola ride away.

The majority of airside buyers come from the Bay Area and Silicon Valley. “We welcome young tech-savvy families who want to be in the mountains for their children to participate in various ski programs. Parents appreciate the convenience and security of knowing that children can easily ski home and to the lifts. Children love independence,” says Brun.

According to Brown, peak season rentals on these prime slopeside properties bring in revenues of up to $200,000. “We always have buyers asking about rental income upfront. Then maybe around 50% of slopeside buyers decide to rent their home during the ski season to justify their spending.”

Overall, the Tahoe market is coming off one of its best years yet. About half of all real estate sales in 2021 were for $1 million or more. Several sales of high-end properties in resort communities have helped establish new micromarkets. It’s impossible not to be inspired by these residences, which range from grand lakefront properties to jaw-dropping modern wonders at Mountainside in the Northstar community.

Tahoe Mountain Realty is an exclusive member of Forbes Global Propertiesa consumer marketplace and member network of elite brokerages selling the most luxurious homes in the world.

About George Dailey

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