The South Lake Tahoe housing market remained steady throughout March, with buyer activity beginning to pick up as we head into the spring season. Inventory levels are still relatively low, which is helping to support home values, but we’re seeing signs of more listings coming to market as the weather warms up. Buyers continue to be price-sensitive, especially for homes that need work, while well-presented and appropriately priced properties are still generating strong interest.

In other news, a significant shift occurred last month in the short-term rental landscape. On March 13, a judge struck down Measure T, the 2018 ban on vacation home rentals (VHRs) in residential areas. In response, the City Council voted not to appeal the ruling and instead imposed a temporary 45-day moratorium on new VHR permits while they evaluate next steps. A new ordinance may be introduced, potentially including caps, buffer zones, or other restrictions—with community input playing a key role.

It’s too early to tell how this change will affect home values moving forward, but we’ll be closely monitoring the situation and sharing updates as they happen.

If you have any questions or would like to know how these changes might impact your property, feel free to reach out—I'm always happy to help.

If you'd like to have an idea of how much your home is currently worth, click here for an instant automatic valuation.

This Month’s Must See Home for Sale

The choice for must-see home of the month is 1234 Jobs Peak Dr, listed at $665,000. This property was built in 1976 and it features 3 Bedrooms / 2 Bathroom / 1,341 Sq Ft / 2 Car Garage. Nestled in an unbeatable South Lake Tahoe location, this beautifully maintained single-level home offers the best of mountain living and modern convenience. Enjoy a lifestyle where the lake is just a short walk away or a 4-minute bike ride, and Heavenly Ski Resort, the Casino corridor, and an array of popular restaurants, shops, and amenities are all within easy reach. Outdoor enthusiasts will love being close to Bijou Golf Course and Bijou Community Park for year-round recreation. Step inside to an open and airy floor plan filled with natural light. The spacious living room centers around a cozy gas fireplace, perfect for gathering on chilly Tahoe evenings. The updated kitchen features gorgeous custom maple cabinets and durable Silestone countertops, providing a blend of style and functionality. With three comfortable bedrooms and two bathrooms, including a primary suite boasting two full-sized closets, there's plenty of space for everyone. The home offers ample storage throughout, making it easy to keep things organized. Outside, the fully fenced backyard with a newer fence and patio area provides a private setting to relax or entertain. Pride of ownership shines through, with recent updates including a new water heater for added peace of mind. This is a perfect opportunity to own a thoughtfully cared-for home in a desirable neighborhood, come see all it has to offer!

Homes for sale - 1234 Jobs Peak Dr, South Lake Tahoe, CA

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This Month’s Least Expensive Home for Sale

The least expensive new listing that entered the market this month was 516 Emerald Bay Rd #121, listed at $264,000. This property was built in 1972 and this unit features 1 Bedroom / 1 Bathroom / 678 Sq Ft. Perfect starter home or vacation getaway that won't break the bank. Situated on the edge of the forest with trails leading to beautiful south shore beaches, Camp Richardson and Fallen Leaf Lake. Away from the hustle and bustle of the casinos but a short drive to enjoy all the night life and summer concerts the casino corridor offers. The 1 bedroom condo has a remodeled bathroom and new vinyl flooring and new carpet. The new owner will enjoy 2 parking spots, 1 covered and one right outside the condo. Enjoy the afternoon sun on the back deck with a view of the outdoor pool and the forest. 

Homes for sale - 516 Emerald Bay Rd #121, South Lake Tahoe, CA

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This Month’s Most Expensive Home for Sale

The most expensive new listing that entered the market this month was 2163 Monterey Dr, listed at $2,190,000. This property was built in 1965 and it features 4 Bedrooms / 3.5 Bathrooms / 2,464 Sq Ft / 2 Car Garage. Rustic charm and timeless beauty best describes this owner/contractor built Tahoe Keys residence overlooking 60 feet of waterfrontage with beautiful water and mountain views! The well thought out floorplan visioned by highly acclaimed local architect Ben Fagan exudes mountain luxury living where high-end finishes and quality crafted materials are evident at every turn. The aesthetically appealing exterior combines shake shingles, timber beams, handsome stonework, paver driveway and attractive drought resistant landscaping delivering striking curb appeal. Wide plank wood ceilings, huge reclaimed wood beams and stone flooring inlaid with hand-scraped dark oak grace the ground floor living area. On the same level is a guest bath and a luxurious primary suite with a cozy gas fireplace and a well-appointed spa style bathroom with heated floors, jetted tub and roomy stall shower. The well equipped kitchen host slab granite counters with tumbled marble splashes, custom cabinetry and professional grade appliances centered around a spacious island counter. Hardwood flooring spans throughout the upper level of the home which includes, 3 large bedrooms, one ensuite with a private balcony and a loft/den area with a gas fireplace, perfect for the kids or a work from home office space. Other special features and highlights include, new hydronic multi zone heating system, new water heater, Nest thermostats, wood cased Anderson doors and windows, custom lighting, 3 gas fireplaces, oversize garage, EV charger, water conserving landscaping, large waterside paver stone patio, waterside party deck and boat dock. Walk to the beach, pools, tennis, hike, bike, cross country ski, paddle board, boat to the lake and more from this one of a kind waterfront property!

Homes for sale - 2163 Monterey Dr, South Lake Tahoe, CA

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