The South Lake Tahoe housing market remained steady throughout April, with buyer activity beginning to pick up as we head into the spring season. Inventory levels are still relatively low, which is helping to support home values, but we’re seeing signs of more listings coming to market as the weather warms up. Buyers continue to be price-sensitive, especially for homes that need work, while well-presented and appropriately priced properties are still generating strong interest.

Following up with updates on Measure T, on May 6th, the South Lake Tahoe City Council held a lengthy meeting to discuss the framework for a new short-term rental ordinance following the overturning of Measure T. After much debate, the Council passed a motion outlining the major points of the new proposed ordinance, which includes: 

- Instead of a permit cap, a 150-foot buffer zone between permitted VHRs will be enforced.
- Condos with active permits as of Sept 1, 2016 will be exempt from the buffer and eligible for new permits.
- In-person or virtual check-in with signature required (either wet or electronic).
- 24/7 response required for complaints, with indoor noise monitoring and outdoor cameras for trash and parking.
- Defensible space compliance is required.
- Occupancy limit: Two per bedroom, plus up to five children under 13. Studios limited to two adults and two children.
- No more two-year waiting period after a property is sold.
- Permits will be issued by the Police Department, with a limit of 150 permits issued per month.
- Increased penalties for violations and a structured appeals process.
- Priority given to previous permit holders in good standing.

The first official reading of the ordinance is expected in June, with full adoption likely by the end of that month.

If you have any questions or would like to know how these changes might impact your property, feel free to reach out—I'm always happy to help.

If you'd like to have an idea of how much your home is currently worth, click here for an instant automatic valuation.

This Month’s Must See Home for Sale

The choice for must-see home of the month is 357 Ala Wai Blvd #205, listed at $749,000. This property was built in 1966 and it features 3 Bedrooms / 2 Bathroom / 1,287 Sq Ft. Get ready for summer in this stunning waterfront condo located in the highly sought-after Tahoe Keys community! Perfectly positioned to capture breathtaking views of Heavenly Mountain, this beautifully maintained unit offers the ultimate Lake Tahoe lifestyle. Wake up in your spacious primary bedroom and take in serene water views right from your windowwith your private boat dock just steps from your patio. Whether you're spending your day on the lake or simply soaking in the mountain air, the setting here is truly one-of-a-kind. Directly across the street, enjoy unbeatable access to the private homeowner's beach, outdoor pool, tennis courts, park, and more. Inside, the open layout is filled with natural light and offers plenty of space for relaxing or entertaining. The living area features a cozy fireplace and opens to a waterside patio where you can enjoy sunsets and watch the boats cruise by. The kitchen flows seamlessly into the main living space, complete with stylish laminate wood flooring and plenty of cabinetry. This fully furnished condo also offers generously sized bedrooms, ceiling fans for added comfort, and great storage throughout. As a resident of the Tahoe Keys HOA, you'll have access to an impressive array of amenities including indoor and outdoor pools, hot tubs, a fitness center, marina, tennis and pickleball courts, private beaches, and more. Located just minutes from Heavenly Ski Resort, Heavenly Village, restaurants, shops, and the Stateline casinos this is your gateway to year-round adventure. 

357 Ala Wai Blvd #205, South Lake Tahoe, CA

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This Month’s Least Expensive Home for Sale

The least expensive new listing that entered the market this month was 640 Tata Ln, listed at $250,000. This property was built in 1957 and this unit features 0 Bedroom / 0 Bathroom / 250 Sq Ft. Nestled on a peaceful dead-end street, this 240-square-foot cabin offers a serene escape surrounded by nature. Situated on a spacious 10,000-square-foot lot, the cabin provides an expansive outdoor space. The property is a gateway to adventure, with direct access to the National Forest, allowing you to explore miles of hiking, wildlife watching, and outdoor recreation right from your doorstep. 

* This property has already sold

This Month’s Most Expensive Home for Sale

The most expensive new listing that entered the market this month was 867 Clement St, listed at $2,199,000. This property was built in 2025 and it features 4 Bedrooms / 4.5 Bathrooms / 3,898 Sq Ft / 2 Car Garage. Spectacular newly built custom home with sleek modern lines combined with woodsy Tahoe elegance. on a huge 10,018 square foot lot blessed with a desirable location next to a conservancy forest lot on one side assuring privacy. The highly desirable main living floor boasts a spacious Great Room and an open concept floor plan with awe inspiring pitched open beam and knotty pine ceilings, sleek luxury vinyl wide plank flooring, custom lighting and ceiling fans, recessed lighting, and an impressive rock faced centerpiece fireplace, all creating an ideal environment for gatherings with loved ones. The massive gourmet kitchen has been beautifully designed with custom upscale finishes, high-end stainless-steel appliances, pendant lighting, walk-in pantry, and large breakfast bar, all open to the living and dining areas, perfect for entertaining friends and family. All four bedrooms have en-suite bathrooms designed with gorgeous finishes and fixtures, including dual primary suites, one on each level, with access to huge decks. The second level down includes an additional living area with cozy fireplace and built-in storage cabinetry with wet bar, beverage/wine fridge, and direct access to the huge, covered deck. Over 1,200 square feet of decks on two levels create your own private treehouse to relax on and enjoy the forest views. The huge laundry room has an abundance of extra storage and countertop space. Additional fine features include two high efficiency furnaces, two on demand'' tankless water heaters, and dual zone AC units. An abundance of parking space with the oversized garage and custom paved driveway. Superbly located within walking distance to new upscale shopping and dining at the Y junction. Easy access to endless forest trails leading to Fallen Leaf Lake thanks to the highly desirable Gardner Mountain location. 

867 Clement Street, South Lake Tahoe, CA

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