Spring has Sprung in Lake Tahoe!
photo by Eric Jarvis
With most of the most amazing winter behind us, we’re seeing snow banks recede and, in some places, bare earth. These first few months have been a challenge for showing real estate, needing a GPS to find driveways in most cases. Regarding the luxury market, the year has started well with two adjoining lakefront properties in Meeks Bay selling to one buyer for a total of about $29 million. Another property – “the castle” – listed for $23.9 million in Incline Village is also in escrow, evidently to a Russian buyer – unusual for us here at Tahoe. Ski areas have been challenged with road closures, avalanche hazards and wind holds, but the snow is great and most areas will be open until April 23 at least. Squaw Valley is holding out for July 4!
We’re expecting a banner year in real estate sales for Tahoe….the lake is predicted to be full by July…so access to piers is the best in at least 11 years. Lakefront inventory is very low, but there will be more selection as we move further into spring. This should be a beautiful year for visit and purchase in the Lake Tahoe region.
Photo by Scott Shots
|Piers & Buoys – Update on TRPA Shorezone Ordinance Update|
Recent funding issues have caused the shorezone update process to stall. TRPA is expected to procure the necessary funding in the next several months to resume work on the important shorezone ordinance update. TLOA objected to the use of mooring fees for these studies, and rightly so. Both states and TRPA have the responsibility to provide an updated ordinance package for the public since this regulation and policy direction will shape all aspects of environmental, recreation, and development potential for the next 20 years.
TLOA will monitor and engage in the process as it progresses, and we will keep our members informed. In the meantime, every lakefront owner should be assessing their structures to keep them in good repair, especially those with rock crib piers. While the water is low, it is an ideal time to consider cost-effective maintenance and repair opportunities. Please observe all laws and regulations when performing any work in the shorezone.
– No TRPA fees or registration required for buoys, boathouses, or boatlifts;
– TRPA is allowing qualified applicants to exchange a buoy for a boatlift;
– Repair, modification, and expansion of piers are being allowed during this interim period with some restrictions.
Visit the TRPA website for more information: http://www.trpa.org/programs/shorezone/
For a copy of the Sierra Heritage Magazine go to http://www.sierraheritage.com/magazines/at-home or contact us!
You’re Cordially Invited to a Broker Open at 4784 N Lake Blvd Carnelian Bay Lake Tahoe Tuesday, March 4th 11:00 – 1:00 pm