South Lake Tahoe August 2024 Newsletter  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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Hello August!
August is an ideal time to make a move! As summer starts to wind down, the real estate market heats up with renewed energy. Families are in a rush to find their dream homes and settle in before the back-to-school season begins. Meanwhile, sellers are enhancing their properties to attract eager buyers.

This particular newsletter is jam packed with information from local market updates to upcoming changes in the real estate industry. Additionally, interest rates just dropped to their lowest in over year!
August provides a prime opportunity to turn your real estate dreams into reality.

In The Loop
As we celebrate our 31st wedding anniversary, I can't help but reflect on the incredible journey my husband and I have shared. We've always found joy in exploring new adventures together. Here's to many more years of love and laughter!
Market Insights
As we step into the second half of 2024, it’s time to take a closer look at the latest trends in the Lake Tahoe real estate market. The picturesque region of Lake Tahoe, known for its stunning natural beauty and year-round recreational opportunities, continues to captivate both buyers and sellers. Let’s delve into the market dynamics across various areas of Lake Tahoe and gain valuable insights into the current state of real estate in this sought-after destination. Here is your Lake Tahoe Real Estate Market Update- July 2024
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Local Happenings
august 2 | 5:00 - 9:00pm
Sunset Sidewalk Soundwaves Party at AleWorX Stateline
Sunset Sidewalk Soundwaves features music, our outside bar in full swing and life-size games, contests and food & drink specials. Life-size games? Yeah we’re playing corn hole, Jenga, Limbo, Beer Pong, and more! And we’ll be hosting contests every 30 minutes where prizes and food/drink specials will be awarded to winners. Wild 102.9 Reno broadcasting LIVE from our AleWorX fire pit area on the Stateline Sidewalk EVERY Friday from 5-8pm.
august 9 | 8:00 - 10:00 pm
Rod Stewart Lake Tahoe Outdoor Arena at Harveys
Rod Stewart, an iconic British rock and pop legend, is renowned for his raspy, soulful voice and a career spanning over five decades. He rose to prominence in the late 1960s as the lead singer of The Faces and gained immense solo success in the 1970s.
august 24 | 1:00 - 5:00 pm
7th Annual Lake Tahoe Brewfest-Benefits South Tahoe Boys and Girls Club
Join us for the 7th Annual Tahoe Brewfest, back on Ski Run Blvd in the heart of South Lake Tahoe on August 24, 2024! This event is a celebration of everything that makes South Lake Tahoe's mountain culture special: our beer, crafts, environment, and, most importantly, our community. Proceeds benefit the South Tahoe Boys and Girls Club
august 31 | 7:00 - 10:00pm
Ryan Bingham at the Lake Tahoe Outdoor Arena at Harveys
Ryan Bingham is hitting the stage at Lake Tahoe Outdoor Arena at Harveys on Aug 31st with the Texas Gentlemen! Don’t miss an unforgettable night of soulful tunes and Texas charm under the stars.
Find Your Dream Home
Listing Neighborhood
4470 Sly Park Road
4 BD 4 BA 4236 SF $1,100,000
This is more than a home, more than just another estate, it's a legacy, a legacy of hard work, caring and love. For almost 40 years, this area's most successful builder has built and refined this magnificent Country Manor. It has seen Weddings, countless spirited Basketball games, and hundreds of swim parties. The three acre property is located on a hilltop that is only 1/2 mile from fishing or water skiing at Sly Park Lake, only one hour from Lake Tahoe and Sacramento, and 45 minutes from Sierra At Tahoe Ski Resort. It boasts a view of the Crystal range mountains and the 10,000 foot high, snow covered Pyramid Peak. It features a pool house with a full bath, a gaming court, a heated pool, and gazebo. The grounds have lush lawns and gardens amongst a forest of towering Cedars and Pines. The entire property is fenced and gated. This is the perfect elevation. with four distinct seasons, allowing for family fun all year long. The home itself is over 4200 square feet, with 4 bedrooms and 3 full baths, It has a soaring open beam ceiling and a wall of windows that let in the sunshine and expansive views. The hardwood floors radiate warmth, and the huge chef's kitchen opens to the living and dining room for causal mountain style living. Down the elaborate staircase, you will find the family fun center, with a full bath. There is RV parking, plus a 6 car garage for all of your toys. Start your Legacy today!
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Summit Village
115 Tramway Drive, Unit 1
2 BD 2 BA 864 SF $420,000
Welcome to 115 Tramway Drive Unit# 1, where modern comfort meets breathtaking natural beauty. This 2-bedroom, 2-bathroom home boasts 864 square feet of living space, The condo is fully furnished and offers a private outdoor covered deck where you can immerse yourself in the serene mountain and valley views. Here is you opportunity to embrace mountain living.Imagine waking up to the panoramic views of the Carson Valley, mountains, and forest right from the comfort of your own home. The building itself has a shared dry sauna in the community area.Currently operating as a vacation rental, this property presents an exceptional opportunity for those seeking a turnkey investment. With its prime location and stunning vistas, this home offers a seamless blend of relaxation and adventure. Only a few minutes from world class Heavenly Ski Resort, many hiking and biking trails. casinos, restaurants and shopping. Don't miss the chance to make this mountain retreat your own.
Summit Village
227 South Benjamin Drive, Unit B
3 BD 3 BA 1460 SF $659,000
Welcome to 227 South Benjamin Drive, Unit B in Stateline, NV! This charming 3-bedroom, 3-bathroom home is a delightful retreat nestled in the heart of the mountains. With a spacious 1460 square feet, this residence offers a comfortable and inviting living space.The home features a new roof, stairs, stove, dishwasher, microwave, water heater, and dryer, ensuring modern convenience and peace of mind for its lucky new owner.Sold fully furnished, this property presents a turnkey opportunity for those seeking a successful vacation rental or investment property.Relish the mountain and forest views from your private outdoor space, whether it's on the deck or in the barbecue area. The convenience of in-unit laundry means you can easily keep everything clean and tidy.This home is designed for those who appreciate both comfort and convenience. Located a few short minutes to world class Heavenly Ski Resort, the shores of Lake Tahoe, and many hiking and biking trails. Enjoy the HOA community pool and hot tub after a day of adventures.Don't miss the chance to make this mountain haven your own. Schedule a showing today and discover the endless possibilities that await at 227 South Benjamin Drive, Unit B.
Tahoe Keys
2415 Venice Drive, Unit E4
Boat Slip Right of Use- Tahoe Keys Marina- $99,000
Experience the ultimate waterfront lifestyle in the prestigious Tahoe Keys Beach and Harbor Association! This stunning boat slip offers the perfect opportunity to dock your vessel in one of Lake Tahoe's most sought-after locations with direct access to the crystal-clear waters of Lake Tahoe.Boat slip/license, #E4.You must own an eligible home in order to purchase the boat slip license. Eligible homes are limited to locations in Tahoe Island Park 04 subdivision, and specific homes in the Tahoe Keys.
Tahoe Sierra
2661 Knox Avenue
2 BD 1 BA 688 SF $399,500
Discover the allure of South Lake Tahoe with this charming cabin, now available for sale. Nestled among towering pines and offering endless outdoor adventures, this 2-bedroom cabin presents an exciting opportunity for a cozy retreat or primary home. Step inside to find a warm and welcoming interior that perfectly captures the spirit of the area. The open living area features wood-beamed ceilings and a gas fireplace on a brick hearth. This cabin comes fully furnished, making it a seamless transition for those eager to move in. All the comforts of home are provided, allowing you to enjoy your Tahoe getaway from day one.The property boasts ample space, making it a fantastic opportunity to add an Accessory Dwelling Unit (ADU). Unlock the potential for additional rental income, a guest house, or a private retreat. Or add a garage with guest quarters. There is also a large storage shed that could be used as an additional sleeping area. A site verification was performed by the TRPA and shows an additional 203 SF of additional coverage available.South Lake Tahoe is a haven for outdoor enthusiasts, and this cabin's location offers easy access to year-round activities. From skiing and hiking in the nearby mountains to swimming and boating on Lake Tahoe, the possibilities are endless. This property is located within walking distance to stores and restaurants, as well as Trout Creek and the meadow, with several miles of paved and unpaved bike paths and trails. Very easy access to Highway 50/Lake Tahoe Blvd on a City maintained road which easily accessible during all seasons.The cabin's exterior features classic wood siding, a spacious fenced deck for outdoor gatherings, and a tranquil forested setting that ensures privacy and serenity. The back yard is fully fenced and has additional storage for all of your outdoor gear. It even has 2 wall air conditioning units to keep you cool on warmer summer days.Located just minutes from the lake, Heavenly Ski Resort, dining, shopping, and entertainment, you'll enjoy both the tranquility of the cabin and the convenience of nearby amenities. Whether you're captivated by the winter wonderland or the vibrant summer activities, this cabin offers year-round appeal and a true taste of the Tahoe lifestyle. Don't miss the chance to explore this charming cabin in person. Schedule a viewing today to fully experience its unique character and potential.
Real Estate In the News
Vote NO on Measure N in November!
Get the latest from the fight against the proposed vacancy tax in the City of South Lake Tahoe, slated to go to vote in November.
Facts About the NAR Settlement
We would like to inform you about the upcoming changes in the real estate industry that will take effect on August 17th, 2024, as a result of the NAR settlement. These changes will have a significant impact on the way real estate transactions are conducted, particularly in regards to the representation of buyers and the payment of buyer's agents commission.

Starting August 17th, broker's agents commissions will no longer be published in the MLS. Additionally, buyers will not be allowed to view homes with their realtor without a signed Buyer Representation Agreement.

One of the key questions that arises from these changes is how buyer's agents will be paid for their work going forward. The payment of the buyer's agent's commission is now a negotiable term when writing an offer on a property. In the past, the seller has typically paid this fee. However, after August 17th, we may see the following scenarios:
  1. Buyers can pay their agent directly at the close of escrow, and it would be assumed that buyers may make an offer on a property that reflects this payment.
  2. The buyer can ask the seller to cover all or a portion of this fee, which may also change the offered price on a property

These are major changes that will be going into effect on a national level. As your trusted real estate advisor, I am committed to providing one-on-one counseling with all of my buyers and sellers so they can be fully informed on how these changes will affect them as they move forward in the buying and selling process. In addition, educating buyers on how they can best negotiate this contract with their agent is a top priority for me.

Please feel free to contact me directly
if you would like to set up a time to meet and review the buyer's representation agreement together. Your understanding and preparedness in navigating these changes are of utmost importance to me. Now, more the ever, is the time you need an experienced real estate agent to assist you through this complicated process. Click here
or on the facebook link below to better understand what is involved in the process of purchasing a home.
Lifestyle Tips and Tricks
Technicolor Switch
All neutral color palettes might be out - or at least taking a long summer vacation...
The Most Common Questions Buyers Ask Real Estate Brokers
A real estate purchase brings up a plethora of questions. The answers are often nuanced.
Least Difficult Areas in the US to Buy a Home
Ranked by cost, competiton, scarcity, and economic instability
Ready to achieve your next real estate goal?
Michelle Keck

DRE# 01401898 NV S.63600
Broker Associate
M: 530.416.1955
michelle@tahoekeck.com
michelle.keck@compass.com
TahoeKeck.com
Compass is a real estate broker licensed in the State of Nevada and the State of California operating under multiple entities. DRE License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
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