Tahoe Talk

Trends in Ultra-Luxury Real Estate Reflect Nationwide Pursuit of Premium Lifestyle Investment

As the national and global buying trends continue to push real estate prices upward, the Ultra Luxury ($10M+) Markets are no exception. While many major metropolitan areas have shown a massive rebound and are back to prepandemic pricing, there has been a significant, and so far unrelenting, shift in investment priorities by buyers in all price ranges.

This shift prioritizes access to the outdoors - luxury homes set in majestic mountains and breathtaking beaches are in high demand. Ultra-high networth buyers have joined the urban exodus, with mountain towns across the country seeing a rise in properties selling for over $10M.

Lake Tahoe Ultra-Luxury Market Demand Rises

Lake Tahoe is right in the mix for its unique offering of outdoor activities yearround. Many mountain towns are bestknown for ski resorts, but have come to be appreciated for their laid-back summer lifestyle as well.

TOP 5

MOUNTAIN TOWNS

TO SELL HOMES $10M+ IN 2021

Aspen, CO - 96 Homes Lake Tahoe, CA/NV - 36 Homes Vail, CO - 28 Homes Jackson Hole, WY - 27 Homes Telluride, CO - 10 Homes

Among all five locations, Lake Tahoe offers the widest variety of lifestyle choices to the ultra-luxury buyer, whether it’s the private lakefront mansions, or Truckee’s Martis Camp - a community that offers one of the nation’s most exclusive golf course and ski resort communities.

Investment Considerations for the UltraLuxury Lake Tahoe Buyer

Lake Tahoe lakefront properties have always been the most sought-after real estate in the Basin. Many lakefront properties have private gates, piers, beaches and buoys that make them the ultimate private mountain retreat.

With the development of Martis Camp, luxury buyers have been able to design and build their own new home in an exclusive setting, without having to hassle with Tahoe Regional Planning Agency restrictions. The Truckee Airport is just minutes away with access for Surf Air Flights or private aircraft. While it is hard to argue with the overall privacy of a Lake Tahoe lakefront, Martis Camp has become a significant competitor for the ultraluxury buyer, especially those looking for a country club-style community.

Despite competitive prices, the demand for the outdoor lifestyle is certainly here: In 2021, The Lake Tahoe market saw 36 sales over $10M - 10 lakefronts, and 8 of which were in Martis Camp. Both types of property offer amazing ownership opportunities, depending on lifestyle priorities. A member of our team will be happy to speak with you regarding current options in the Lake Tahoe ultraluxury market.

RECENT SALES

COMING SOON PLUMAS COUNTY 4 BD | 4.5 BATH | 8,000 SF

SELLER REPRESENTATION

OLYMPIC VALLEY 4 BD | 4.5 BATH | 4,237 SF Sold for $3,590,000

SELLER REPRESENTATION

LAHONTAN 4 BD | 4 BATH | 4,004 SF Sold for $3,800,000

SELLER REPRESENTATION

GLENBROOK 5 BD | 4.5 BATH | 2,584 SF Listed for $7,900,000