The Town of Truckee has joined the list of regions around Lake Tahoe to put the brakes on Short Term Rentals (STRs), with a moratorium on new applications for STR permits that runs through June 15, 2022.

Amid complaints that short-term rentals are eroding the peace and character of Tahoe/Truckee's neighborhoods and depleting the supply of affordable workforce housing, the Town of Truckee joins Placer County and several other regions in an effort to slow the growth of STRs (rentals of 30 days or less).

No new Placer County rental permits till April 2022

The Placer County moratorium was approved during the summer of 2021, and extended by an August 31 Board of Supervisors decision till April 1, 2022.  It effectively halts new applications for…

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Pier on Lake Tahoe

A pier can add significantly to the value of a Tahoe Lakefront home, and that’s a number that’s likely to rise in the coming decade, as the odds of getting one become more and more slim. 

After decades of legal and regulatory wrangling, a new rule took effect in 2019 limiting the number of piers that can be built at the Lake. This summer, for example, only 4 lucky lakefront owners will win the right to construct their own pier.

Applications were rolling in to the Tahoe Regional Planning Agency (TRPA) as this article went to print, but judging from past demand, we will likely see dozens of lakefront owners walk away disappointed this summer. (In 2019, 83 lakefront owners applied for the right to build a private pier, and only 5 were granted.)

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Lake Tahoe real estate is suddenly becoming a commodity available mostly to those who can afford to spend more than $1 million. Luxury sales tripled at the Lake in the first six months of this year, and the median sales price climbed to an unprecedented $1M, a 44 percent jump from the year before.

But most surprising is that for the first time ever, many areas of Lake Tahoe and Truckee saw more homes selling for over $1 million, than under. Last year at this time, for example, luxury sales represented just one-third of the overall sales at the Lake. And this year so far, homes priced over $1 million outpaced more affordable properties.

Lake Tahoe Real Estate

From January to June this year, 383 homes closed at Lake Tahoe for $1 million or more. That's more than…

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