Home of the Week
[SinglePic not found]This week’s featured home is 208 Cedar Ridge, located in the desirable Zephyr Cove neighborhood close to gorgeous beaches and the Zephyr Cove Resort with stunning lake and mountain views! Reborn in 2002, stunning features include an artistic grand staircase, new roof, wiring, plumbing, gourmet kitchen, custom flooring and on and on. All walls and ceilings are finished with an artisian plaster. Lakeridge home owners have the rights to the private GID’s beach and pier extending 150 ft. into the lake with pavilion. If you love the sun, you will love this setting and the spectacular gardens. There is no lack of space throughout this home. Why the living room alone is 21 by 12.5 ft. There are 3 bedrooms, 2.5 baths and 3,200 square feet of comfortable living space. Best of all are the private lake view balconies from two of the upstairs bedrooms. For a full property preview, check out the personal site created for this home and then, take the next step and book a tour.
South Lake Tahoe Real Estate Market Update, Aug.21 – 28
How can it be? Summer is winding down. The good news is that our favorite season of the year is just around the corner. You simply cannot beat Lake Tahoe in the fall, glorious colors from above and below, ideal temperatures and a slower pace of life.
The following information is taken from the South Lake Tahoe Association of Realtors as reported on Thursday, August 28, 2008.
The previous week reported 16 new listings marking the fourth week in a row of declining numbers. Within these 16, the lowest asking price is $150,000 for a 1 bedroom, 1 bath condo along Emerald Bay Highway. The highest asking price is $745,000 for a 3 bedroom, 2.5 bath home on Lukins Way which is close to beaches, bike trails, and the Tahoe Keys. Within the new listings, the median home price is $375,000, down from last week’s $459,750.
Check this out! Another strong week of sales with 14 NEW Pending Escrows. The lowest asking price among these 14 homes is $159,000 for a 2 bedroom, 1 bath condo with 844 SF located within the Y area. The high end of the pending range is $895,000 for a 3 beroom, 2 bath home with 1,809 square feet of living space within the Tahoe Keys. The median home price for new pending sales is $459,000, up from last week’s $425,000. Most surprising is that these homes averaged only 43 days on the market prior to going into escrow.with an average time on the market of only 41 days.
Hats off to the buyers and sellers of the 7 reported closed sales. The lowest asking price among this group was $350,000 for a 4 bedroom, 2 bath home on Seneca in the North Upper Truckee area. The higest reported sale for the week was $746,000 for a 3 bedroom, 2.5 bath Tahoe Keys home on Garmish. This home had approximately 2, 500 square feet of living space. The median home price among the closed sales was $410,000. The average time on the market was 115 days.
Looking for an affordable home within walking distance to the beaches of Lake Tahoe? Check out our Home of the Week. 845 Los Angeles is an immaculate “turn-key” cabin with 2 bedrooms, a large fenced lot, hot tub and large storage unit. Fully furnished, this home is ready to call your “Tahoe Escape” for only $350,000. Click Here To Take A Visual Tour