![]() With two golf courses, a fitness center with tennis courts, and beaches reserved for residents, Incline Village is a community unto itself. ![]() Incline Village is perched at the northern tip of the Nevada side. The shoreline is steep there, and lined with a series of lakefront condos that offer outstanding views. The lake is divided down the middle between California and Nevada, with the Nevada side beginning in the north at Crystal Bay, one of the deepest parts of the lake at more than 1,600 feet. After all, it's a lifestyle investment, and there's no linear formula to calculate the ROI of family memories or a Legacy property. if you make enough on renting to cover the expenses of your Tahoe home, you're doing good. Revenue neutral is a good approach to looking at the bottom line. Some also cash flow nicely as rentals, but I caution buyers against viewing their Tahoe home or condo as a straight "investment" opportunity. The HOA fees can be high at many of these condos, but they come with outstanding amenities such as shared piers, buoy fields, swimming pools, and white sand beaches in some cases. If your budget is at or under $1 million, there are a number of lakefront condos that offer waterfront living and views without the hefty price tag of a home on the water. *If you are eyeing a lakefront property that does not already have a permitted pier, please feel free to contact me for more information. ![]() (The leniency has been fueled in part in recent years by Nevada's threat to pull out of the bi-state compact ( click here for an article I wrote on this) (And you do, even in Tahoe it just requires the proper application and permits, and not everyone who applies will be granted permission.) The new Shoreline Plan, adopted by TRPA in 2018, outlines a series of rules and regulations that are, in some respects, less stringent than what had previously been in place. TRPA also governs the construction of piers and buoys, a confusing set of rules that surprises some East Coast or international buyers, who have grown up with the idea that owning a lakefront home means you have the right to build a dock for your boat. So while it's not uncommon to see smaller lakefront cabins being torn down to construct more elegant estate-type homes, the governmental controls keep a check on the scale of what can be built in the Basin, and that tends to keep lakefront properties at a premium. Development around the lake is governed by the Tahoe Regional Planning Agency (TRPA), which assigns a "coverage" score to each property that determines the footprint of what can be built. A true lakefront (where you can walk out your back door and dip a toe in the water) will run you anywhere from $1 million to $40 million, with many attractive options in the $5 to $12 million range.
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