by admin | Jun 15, 2018 | Blogs
Buying a second home is a huge commitment. If you do choose to put money into a second home, you have to do it right.
For a decision to invest in a second home to make sense, you have to consider:
- Legal issues surrounding being able to rent out the property when you are not around. You don’t want to be handicapped by deed restrictions and condominiums’ or gated communities’ codes and restrictions
- The tax implications of owning the second home
- Whether or not the numbers – income and outgoings – make financial sense
- Your long-term goals and retirement plans
- Financing options available to you
- The state of the community you will be joining
- The soft issues such as the recreational amenities that the neighborhood offers
It is pretty hard to find a place that will tick almost every check box when you consider all these factors. Lake Tahoe could be one of the few exceptions and that makes it one of the best places in the United States to own a second home.
Both Forbes and Barron’s agree that Tahoe is one of the top ten best places to buy a second home in the United States.
Alvin Steinberg of Living Lake Tahoe, one of the best real estate agents in the area, has the same sentiments as Forbes and Barron’s. Lake Tahoe is indeed one of the best places to buy a second home. Below are some of the reasons why:
It’s Actually a Fun Place to Live
At the very least, you want to buy a second home in a place you will enjoy living. Lake Tahoe offers one of the greatest selections of both active and passive fun things to do.
Because Lake Tahoe is essentially a tourist destination, you will also have access to a lot of touristy amenities such as high-end spas and restaurants. Further, service providers from tour guides to restaurateurs are always at the top of their game because it is their business to make the discerning travelers who visit Lake Tahoe happy.
If you buy a place on the water, you will probably have a private beach. If not, there is a public beach that can comfortably accommodate you when you want a tan.
Lake Tahoe will also afford you an opportunity to go boating, hiking, golfing, and skiing.
One of the Most Tax Friendly States
Very few states have tax requirements as friendly as Nevada’s. In the United States right now, all states except Nevada, Wyoming, South Dakota, and Wyoming will tax you on business income derived from the state.
These four states have no corporate income tax. They also happen to have no personal income taxes alongside Texas, Florida, and Alaska.
If you are looking to reduce your tax bill, having a residence in a place such as Nevada suddenly makes a lot of sense. This is especially true if you are looking for a second home to someday retire in and want your retirement income to be absolutely tax free at the state level.
Property taxes in Nevada are also relatively low. Nevada’s effective property tax rate is just 0.77 percent.
Short-Stay Renters Are Available
You will probably want to rent your second home when you are away to make some money on the side and to cover the expenses of maintaining the home.
Since Lake Tahoe is actually a tourist destination, you can expect to find enough short-stay renters to at least break even.
While the occupancy rate for vacation homes in Lake Tahoe is just 33%, Tahoe’s seasonality of demand ensures that you can make a decent amount of money during the peak seasons when rental prices per night are very high and so cover the losses you may incur during the off-peak seasons.
Safety, Utilities, and Community
Lake Tahoe is an up-market neighborhood and destination that enjoys relative safety and security as well as very reliable utility services.
While Tahoe attracts tourists who come and go, no matter where you choose to live, you will feel a sense of community since there are lots of residents that stay all-year-round and there are established amenities to cater for their needs.
About Living Lake Tahoe
Living Lake Tahoe is a real estate agency based in Incline Village, Nevada. They help people looking to buy, sell, or rent properties in Tahoe navigate the local real estate market and achieve their goals as painlessly as possible. The team is headed by Alvin Steinberg who has over four decades of experience as a real estate agent. Alvin carries a CRS (Certified Residential Specialist) in both California and Nevada.
by admin | Jun 8, 2018 | Blogs
Tahoe boasts of homes with some very incredible views. There are homes with views of the beautiful Lake Tahoe, the Sierra Nevada Mountains, and golf courses. Buying a home that guarantees some of these incredible views is a must if you are going to fully enjoy the Tahoe experience. Those who want to enjoy views of the lake should consider looking at the following Tahoe luxury homes lake view neighborhoods.
Lakefront Subdivision
The lakefront subdivision is a prime location if you want to live right on the water. Besides the views, this Tahoe luxury homes lake view neighborhood also boasts of homes with private sandy beaches, private piers, and some homes sitting on several acres of real estate.
Prices of luxury homes vary greatly and range from $1m to $35m. The subdivision offers buyers a decent selection of property types. You can buy standalone exclusive mansions or choose to live in a condominium.
Lakeview Subdivision
If you want to live close to the popular Burnt Cedar Beach and the Village Market while still enjoying amazing views of Lake Tahoe, the Lakeview Subdivision is the place to be. The neighborhood is magnificent and has been the host to some of the most beautiful Tahoe luxury homes lake view listings to ever hit the market.
Alvin Steinberg of Living Lake Tahoe has extensive experience as a real estate agent in Lakeview Subdivision and the surrounding neighborhoods. Feel free to contact him in case you want help purchasing a property in Tahoe.
Lower Tyner Subdivision
With home prices ranging from $700,000 to $3M, Lower Tyner Subdivision offers great homes to the North of Lake Tahoe with awesome views of the lake. You will also have great views of the mountains. There aren’t as many vacation homes here as there are in the Lakefront and Lakeview subdivisions. Most homes are therefore occupied all year round.
Ski Way Subdivision
This Tahoe luxury homes lake view neighborhoods offers more selections of condominiums than other neighborhoods on this list. You can still find great standalone mansions in the area, though. Ski Way Subdivision boasts of several vacation properties and you can expect almost half of the properties in the area to be vacant at any given time of the year save for the peak tourist seasons. Since the area attracts a lot of tourists, living here gives you access to a lot of fun amenities and services to pamper yourself.
Mill Creek Subdivision
Mill Creek Subdivision hosts some of the more affordable homes with impressive lake views. Home prices range from $400,000 to $6M. Despite the lower comparative prices to some of the neighborhoods on this list, the homes are actually pretty good. The location is also good if you plan on being a permanent resident. You should definitely not buy a rental vacation home here as the neighborhood is not structured to offer a touristy experience.
by admin | Jun 1, 2018 | Blogs
When buying a home in Tahoe, getting a home with unhindered views of the lake is a worthy goal. The range of homes on the water is varied and caters to pretty much every taste. You will find wood cabins hidden among mature trees, modern houses with fine glass finishes, and expansive mansions sitting on several acres of land. So, how do you scour through the many Lake Tahoe homes for sale lake view listings to find exactly what you want?
Lake Tahoe homes for sale lake view listings are handled by both in-state and out-of-state real estate agents. If you want the best experience possible, you should contact a local realtor who understands the various fine nuances about Tahoe neighborhoods. Tahoe has subdivisions that have very distinct characteristics. The lakefront neighborhood you choose to settle in should definitely be determined by your desired lifestyle. This website is run by a group of local realtors who understand Tahoe inside out. It houses some of the best Lake Tahoe homes for sale lake view listings on the market. If you are on the market for a lakefront Tahoe home, check out the following listings:
Incline Village Listings
You can find Incline Village listings here.
Incline Village is a calm neighborhood in Washoe County, NV. It can be found to the North shore of Lake Tahoe and it has lots of properties on the water. The homes feature large windows that offer amazing views of the Lake and the mountains.
Alvin Steinberg of Living Lake Tahoe has extensive experience facilitating real estate transactions in Incline Village. He can help you through the process of choosing a property out of all the Lake Tahoe homes for sale lake view listings to the process of making a purchase.
Crystal Bay Listings
You can find Crystal Bay listings here.
Crystal Bay is a beautiful neighborhood surrounded by mountains. The views from Crystal Bay of the lake and the Nevada Mountains are always phenomenon. Staying here means that you will be within just a few minutes’ walk of all the amazing amenities and fun activities that Tahoe has to offer.
There are golf courses, ball fields, and parks. You can go boating, water skiing, and fishing in the lake or escape to the adventurous mountain slopes to try some mountain biking, hiking, snowboarding, and snow skiing.
by admin | May 25, 2018 | Blogs
Do you have your eyes on some lakefront Crystal Bay homes for sale? Whether you already have a target or are still scouting, knowing the numbers and facts behind Crystal Bay real estate can help ease your decision making process.
You will definitely find impressive lakefront Crystal Bay homes for sale that can serve as your vacation home. Crystal Bay and Incline Village have distinct neighborhoods denoted officially as subdivisions. You should choose the neighborhood you want to live in based on your lifestyle.
This information is important and you should consult with local real estate professionals such as Living Lake Tahoe to guide you. If you want to buy a vacation home for instance, the Ski Way Subdivision would be great. Its location off Country Club Drive and its closeness to the beach and Diamond Peak makes it a vacationer’s dream.
Different kinds of lakefront Crystal Bay homes for sale can be found in the subdivisions that are popular with vacationers. There are attached condos and standalone mansions on extensive acres of land. If you want to live close to your neighbors, you can buy a Crystal Bay property for sale in areas such as Alpine Terrace and Mountain Shadows that have high-density condo properties.
About half of homes and apartments in Crystal Bay are vacant. This is significantly lower than the occupancy rates of most neighborhoods in the United States. It can, however, be explained by the fact that some homeowners in Crystal Bay bought their properties to serve purely as vacation homes. The vacant homes are therefore occupied during certain seasons of the year.
Crystal Bay is in the top tier of neighborhoods in the United States when it comes to the level of luxury offer the average property especially the lakefront Crystal Bay homes for sale. According to Neighborhood Scout, the median property price is $994,636 while the average rent is $3,198.
One added advantage of buying one of the lakefront Crystal Bay homes for sale and making it your vacation home is that you can later make it your retirement home. The neighborhoods tick almost every box you may want for a place to retire. There is virtual no crime and you get to enjoy an amazing quality of life given the several opportunities the area offers residents and travelers to have fun.
by admin | May 18, 2018 | Blogs
The unique Lake Tahoe homes for sale lakefront features make the neighborhood one of the best places to stay in Nevada. The lake is the largest alpine lake in the whole of North America and is also the second deepest lake in the United States.
When you tour the properties, you will notice that Lake Tahoe homes for sale lakefront views aren’t limited to the beauty of the expansive lake. You will be treated to panoramic views of the Nevada Mountains as well. Further, orange and red rays spreading over the mountains as the sun sets can be spellbinding. If you have a wide balcony on an upper floor overlooking the lake, you will definitely enjoy treating yourself to the views in the evenings.
The Sun Sets Beyond the Sierra Nevada Mountains
The prices of Lake Tahoe homes on the water vary greatly. The properties generally range from $1,500,000 to as much as $35,000,000. Homes with piers are in high demand and the value of piers alone often account for between $500,000 and $2,000,000 of a lakefront property’s value. Since there are shoreline regulations that limit the construction of new buoys and piers, the value attached to piers is sure to go up with time.
Whatever your taste, you will find Lake Tahoe homes for sale lakefront amenities and architectural designs that meet your wants. There are homes that go for the modern look utilizing a lot of glass and other modern finishes. Some houses go for the rustic look and utilize wood accents to give the homes an authentic earth-tone look. You will also find castle-like buildings. With unhindered views of Lake Tahoe and the Nevada Mountains on offer, most homes have large or floor-to-ceiling windows.
One Lake Tahoe homes for sale lakefront feature you are unlikely to miss is that many homes are surrounded by mature pine trees. If you love being surrounded by green nature, you will definitely adore the properties that line the coastline especially the Sunnyside neighborhood and other neighborhoods to the west shore.
Being by the lake also gives you an opportunity to enjoy some of Tahoe’s most interesting lake activities. You can take a cruise on Tahoe’s MS Dixie II which offers several cruise packages including a sunset dinner cruise. The sunset dinner is a 3.5 hour cruise and you will enjoy a sumptuous meal on the water with champagne and live music.
MS Dixie II
You can also rent paddleboard and venture out into the lake by yourself or with a friend. Rental jet skis and kayaks are also available.
If you want to join other Tahoe residents and travelers on a public beach, you can escape to Kings Beach which is a state recreation zone spanning over 28 acres. It has a sizeable shoreline and you can sunbathe, go for a swim or boating, or go on a picnic with your family members. There are no entry fees but you may be required to pay a small parking fee if you drive there.
