Real Estate Blog

As a realtor who works both sides of Lake Tahoe, I like to share with my clients the tax differences between the California and the Nevada side of the lake. As many people know, Nevada has no state income tax, no tax on inheritance, and no pension tax. But property tax bills can present similarly significant savings on the Nevada side of lake Tahoe.

Two lakefront properties that are currently for sale present an excellent example of how this is possible.  One is on the California side of the lake in Star Harbor, a marina just outside of Tahoe City fed by a year-round creek, with natural water features, and floating docks (in a good water year). It's Unit 20, pictured here, a beautifully remodeled lakefront 3-bedroom priced a bit above $1.5 million

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During the many years I lived in Tahoe Donner, one of my favorite spots was the Euer Valley, a pristine stretch of the High Sierra long owned by the family that bears its name. For many years, access to the valley floor was limited to the winter months, when the Tahoe Donner homeowner's association leased it for their cross country ski operations (38 miles of beautiful - and groomed - terrain).  The Euers ran cattle in the valley during the summer, and bikes or joggers were not allowed. That changed in 2011, when Tahoe Donner purchased almost 500 acres of the valley for year-round use. And a good thing is about to get even better ...

 Tahoe Donner is adding another 640 acres to this open space paradise with the purchase of Crabtree Canyon and the

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Some of Reno's most popular condo complexes are showing strong gains over last year, with median sales prices in areas like Silver Creek and Fleur de Lis up 30 to almost 40% over 2015.  At Silver Creek, just off the Robb Drive exit in NW Reno, 12 units (2+ bedrooms) sold in the 1st quarter of this year, compared to just 4 at this time last year. And the median sales price at Silver Creek is up to $157,500, just $1k under the median asking price. The highest price for a 2-bedroom so far this year is $165,000, and one of the 3-bedroom models fetched almost $190k.

With summer approaching, sales of condos like these with swimming pools tend to benefit from the rising mercury.  The Resort at Tanamera, which has a year-round heated pool, has seen prices

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An analysis of 1st Quarter home and condo sales in Tahoe/Truckee reveals that Tahoe Donner posted the strongest gains over this time last year.  From January to March of this year, 73 homes were sold in Tahoe Donner, more than a 50% gain over 2015. The median sales price also rose to $584,000, with the most expensive being a 4-bedroom home on Skislope that sold for $1.3 million cash (more than $200,000 over the asking price).  The "Lodgettes" near the Tahoe Donner ski area remained the most affordable way to dip a toe into the resort market, with prices still below the $80,000 mark for a studio.

Sales at the Lake were down slightly compared to the 1st quarter of 2015, with Tahoe City and the North Shore communities holding a steady pace with last

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Up for a day of outdoor exercise, good food & fine wine?  Check out the "Taste of Truckee" event on Sunday, March 19 at the Tahoe Donner Cross Country Center. Popular Truckee restaurants like Drunken Monkey, FiftyFifty Brewery & Morgan's Lobster Shack will serving up tasty bites, and local wineries will be pouring. Tickets are on sale here.

Tahoe Donner's Cross Country Center is one of the best in the country (voted #3 by USA today), featuring 38 miles of groomed trails to match all levels of skiers & skaters. Cruise gentle hills into the Euer Valley, a 500-acre pristine alpine meadow purchased a few years ago by the TD Homeowner's Association.  Or climb up to Drifter Hut (elev. 7,635) for stunning views of Donner Lake and the Pacific Crest. Lesson

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   Once again, Truckee has been voted the "best ski town" in North America, beating out Whistler, Sun Valley & many others in a recent Curbed Ski competition. Truckee's proximity to Lake Tahoe and a host of awesome ski areas made it the top pick among ski.curbed fans.   Add the latest ribbon to the top awards Truckee's gotten from NatGeo, Sunset Magazine and Travel + Leisure.  An article in the San Jose Mercury News says it's not just the great snow and diversity of outdoor activities that makes Truckee special, it's the smorgasbord of diverse restaurants, from fine dining to authentic ethnic cuisine, and the host of local hotel options. It's a railroad town that's retained its 19th Century charm while moving gracefully into all that the 21st…
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Check out today's Wall Street Journal for an interesting national take on what's happening in Reno and the Tahoe Reno Industrial Center.  ("Reno Sees Future, and It Isn't Casinos" WSJ 10/24/15)

Old news, perhaps, for those who have seen the Industrial park grow to a size that dwarfs even Reno itself. With private rail connections to the Union Pacific, industrial park businesses can get a cargo container delivered to the Port of Oakland and have it shipped via rail to their back door.  For internet-based businesses, this means one-day shipping from Seattle to San Diego. Combine that with Nevada's favorable tax climate, easy access to Interstate 80 and an eager supply of workers, and you have an incredible cocktail for business success.

I first

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One topic that's really gotten a lot of discussion in my circles lately has been downtown Reno, and by extension, what we call "Midtown." A year ago, I tried to convince a newspaper friend of mine from the City (caps for SF) to consider an article about the changes taking place here.  Mark Estee, a Johnson and Wales-trained chef who has been taking over the downtown culinary scene had recently opened his Heritage Restaurant on the bottom floor of the Whitney Peak Hotel (no smoking, no slot machines, and the hotel that broke the Reno mold is getting great reviews from as far afield as England as Reno's new "hip" hangout ~ fancy that). It was a tough sell.

But since that time, I have seen the transformation first-hand. Downtown Reno, long a freeway ad

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At a time when other states are struggling to retain employers, Nevada continues to post gains.  This is the latest from the governor's office:

The number of employers in Nevada set a new record, reaching 61,200 in the fourth quarter of 2014.  The previous record was set in the second quarter of 2008 at 60,600 employers.

“Prior to the recession, employer counts were increasing non-stop,” said Bill Anderson, chief economist for Nevada’s Department of Employment, Training and Rehabilitation. “In fact, by the time the economic downturn hit, the number of employers had increased in every year for at least a decade. After peaking in 2008 at 60,500, the number of employers declined sharply, to 56,300 in 2011, as the recession took hold.”

For all of

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 Almost 25 years ago, on a flight to Hawaii, my son's father and I challenged ourselves to dream big. We were in our 20s, both working full-time at jobs in the San Francisco Bay Area, and our dream was to someday have a home in Tahoe. Even perhaps a little one.

 Over several glasses of champagne, we mapped out a route that eventually led to the construction of a beautiful custom home in one of Tahoe's excellent resort communities. The result didn't come quickly; like many of life's achievements, it took many years and substantial effort to bring to reality.  There were obstacles (there always are in life), and, like anyone who strives for something extraordinary, we reached the point where it seemed like it would be easier to give up.  

 We didn't

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