Buying a Condo at Lake Tahoe
There are two factors influencing the current market at Lake Tahoe that can make buying a condo the perfect choice. Finding an affordable single-family home can be difficult. Additionally, rents have sky-rocketed across Northern California and especially around the lake. Purchasing a condo can be a good way to begin the homeownership process.
Benefits of Buying a Condo
In Lake Tahoe and Truckee, you can still find condos priced between $500K and $700K. In most cases, owning a condo will require less maintenance and offer more flexibility as a second home. If you are considering renting your vacation home, a condo can also present a more affordable rental price to prospective renters. You could use your Tahoe home, rent it out and vacation in other destinations around the world.
Condo ownership generally means you won’t need to care for the landscape, gutters, snow removal or other exterior maintenance. Additionally, condos tend to come with many amenities that will also make your second home attractive to renters.
Is Buying a Condo Right for You?
Compared to homeownership, condos can be cheaper to insure. In terms of affordability and flexibility, condos are a perfect choice when living your dream of owning at Lake Tahoe.
It is estimated that only 25% of second home owners use their vacation property more than four weeks a year. Renting your property can justify purchasing a second home. You can sometimes recoup your mortgage through rentals. Condo rentals tend to rent easier than house rentals.
Condos for Sale at Lake Tahoe and Truckee
Below are a few choice condos that are priced well and offer attractive amenities.
What I love about this condo is its views of the lake. This is a rare opportunity on Donner Lake! This 3 bedroom and 2.5 bath condo boasts amazing lake views and is centrally located to Donner Lake attraction, multiple ski resorts and downtown Truckee! HOA includes snow removal, exterior maintenance, internet and access to Donner Pines resident private beach. Do not miss the detached one car garage. Price:$615,000
Steps away from renowned Tahoe Donner Ski Resort, this upgraded condo provides a haven for ski lovers and mountain adventurers. The spacious two bedroom, one and a half bath space features large windows that draw in natural light, custom wood finishes, and a lovely open floor plan. Notable highlights include an on-site manager, in-unit laundry, garage parking and storage, modern bathrooms, and a covered porch. The condo also has access to all the community amenities that Tahoe Donner has to offer! Price:$599,000
This quintessential Hidden Meadows condo is ready to move right in! This upper unit adjoins greenbelt to the rear, w/ lovely forested views off the sunny deck. The interior features an open floorplan with cozy great room w/ gas fireplace, chef's kitchen & dining area. The master suite has private bath & walk-in closet. Two more guestrooms (one w/o closet), guest bath, & laundry complete the home. Conveniently located to many of the spectacular Tahoe Donner amenities & downtown Truckee. A one-car garage too! Price:$749,000
A rare offering of a full ownership opportunity in a 2 Bedroom, 2.5 Bath townhome in Old Greenwood. Set back from the tee boxes of the 10th hole of the Jack Nicklaus designed 18 hole championship golf course and overlooking a scenic pond this property is ready for a new owner! Price:$995,000
Buying a condo at Lake Tahoe can be an excellent investment. Like all real estate around the lake, the demand continues as supply decreases. Condos too, are seeing an upward trend in values.
Whether you are thinking of buying or selling your home at Lake Tahoe, I’d love to help you. Contact me today for a list of available condos or for a free property analysis of your home.