Investor Lots for Sale North Lake Tahoe
The real estate market report for Lake Tahoe and Truckee shows that the 3rd quarter of 2021 is following a trend of decreasing sales volume. Demand is the same, but available inventory has diminished. The median prices in all areas grew 35% and now show figures over $1 million.
This presents an excellent opportunity for builder investors, who would like to capitalize on the lack of available inventory. Whether you are interested in building commercial, residential or multi family units, I have chosen a few choice listings that offer great investment potential.
1420 Cheshire Court
Tahoe Vista
This property is located on a desirable cul-de-sac, next to homes that have estimated values upwards of $3 million. Building a home on this lot can offer possible lake views, and the lot backs to the North Tahoe Regional Park. Enjoy hiking, cross country skiing and golfing at the nearby Brockway Golf Course. Conveniently located to all ski areas. Price $450,000
8945 North Lake Blvd.
Kings Beach
This lot is located in the heart of Kings Beach with an opportunity to build commercial, residential, or a combination of both. Feasibility report is available upon request. The .31 acre slice is located on the corner of Beaver Street and N. Lake Tahoe Boulevard, offering the downtown experience with potential lake views. Kings Beach Core Improvement Project has brought new life to this area, while offering the appeal of a quaint neighborhood and thriving new shops and restaurants. Price:$398,000
Chipmunk Street
Kings Beach
You can see how this lot offers the best value for an investor to build with single family or multi-family zoning, allowing for many development options. It is a large parcel and consists of 3 lots with development rights and potential lake views. Located on the edge of town, it is bordered by conservancy lands. It offers walking distance to the shores of Lake Tahoe and is close to the North Shore ski areas including Northstar, Squaw Valley, Alpine Meadows and Mount Rose. This excellent investment property can allow you to build multiple homes, allowing for rental income and primary use at the same time. Price: $367,000
As the available inventory of residential listings has dwindled, investment opportunities are also selling very fast. With only a few lots available for investor developers, this is an excellent time to invest in North Lake Tahoe.
Contact me today for a list of all current investment opportunities.
