There are currently 55 active single family lakefront listings (North and West Shores, CA.)
43 of the 55 lakefronts have seen at least one reduction since first being listed. Average reduction from the opening listing price is 23%. Top 10 biggest lakefront reductions (of active listings) since opening list price. Original price shown in links below may not reflect true original listing price if the property has gone through more than one listing term.
1) 50%. $2.65M to $1.325M. 4990 North Lake Blvd
2) 48%. $8.995M to $4.65M. 9105 Hwy 89
3) 45%. $2.9M to $1.6M. 8335 Meeks Bay Ave
4) 41%. $6.75M to $3.995M. 9770 Brockway Springs Rd
5) 34%. $32M to $21M. 2500 West Lake Blvd
6) 30.5%. $2.295m to $1.595M. 8551 Meeks Bay Ave
7) 30%. $14.95M to $10.4875M. 5344 North Lake Blvd
8) 29%. $4.5M to $2.999M. 8770 Brockway Vista Ave
9) 26%. $6.5M to $4.8M. 9420 Brockway Springs Rd
10) 26%. $3.5M to $2.585M. 3920 North Lake Blvd
This is the traditionally the time of year when the best lakefront deals surface. Sellers are getting antsy about carrying their property for another winter. The pendulum has swung strongly in favor of buyers, and there are some great opportunities out there today.
Bill Dietz’s current top lakefront values –
1) 5344 North Lake. Bruce Olson built 7500 sq ft home (finished in 2000) in desirable Carnelian Bay. South facing exposure, private pier, level lakeside lawn. Reduced $4,463,500 since opening list price.
2) 5850 North Lake. Great lot, great location. 0.64 acre level parcel with private pier, 3 buoys, and 100 feet of lake frontage. Nice, modest, remodeled house. 7,503 square feet of verified land coverage available for future development. Recently reduced from $4.9M to $3.9M.
3) 4990 N Lake. $1.325M for a lakefront in Carnelian Bay that was built in 2000. Need I say more? Currently the lowest priced lakefront listing.
4) 3920 N Lake. Looking for a pier, but don’t want to spend more than $3M. Look no further than 3920 N Lake.
5) 7097 W Lake. 1.75 acres with private, deep-water pier under $4M. Great value. I sold home next door last fall for $9.5M.
Please don’t hesitate to contact me if you have any questions or interest.
Thanks.
Bill Dietz Principal Broker Tahoe Luxury Properties (530) 584-3454 Direct billd@tluxp.com
CA BRE #01431063 NV RED #B.0027100