The South Lake Tahoe housing market continued along a steady path through July, with many of the same trends we highlighted last month still holding true. Buyer activity remains consistent, with interest gradually picking up as we head deeper into summer. While some buyers are moving quickly on well-priced, move-in-ready homes, many are still cautious—carefully weighing value and condition before making a move.

One notable shift is the continued rise in inventory. While still balanced enough to avoid a full buyer's market, the number of active listings has grown and is now roughly double what we saw in July of 2023. This increase is giving buyers more options and putting pressure on sellers to price competitively and present their homes well.

As we move into the heart of the summer season, the market remains active—but strategic. Homes that align with buyer expectations on price and condition are finding success, while others may need to adjust in order to stand out.

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This Month’s Must See Home for Sale

The choice for must-see home of the month is 1857 Bakersfield St, listed at $799,000. This property was built in 1991 and it features 3 Bedrooms / 2 Bathroom / 1,924 Sq Ft / 2 Car Garage. Nestled on a quiet street just a within steps of Tahoe Paradise Park and Washoe Meadows State Park, this property offers direct access to a world of outdoor adventure hiking trails, the river, and year-round recreation are all right outside your door. Situated on a generous 13,068 sq ft lot, this 3-bedroom, 2-bath home features a spacious great room with shaker-style cabinetry, granite countertops, recessed lighting, and a beautiful tongue-and-groove wood ceiling that adds warmth and charm. The backyard is ideal for families, with a gate that opens directly to Meyers Elementary Schooltalk about convenience! Inside, you'll find two roomy bedrooms downstairs and a private primary suite upstairs, complete with an adjacent officeperfect for remote work or a cozy reading nook. Whether you're looking for a full-time family home or the perfect Tahoe getaway, this one checks all the boxes. Additional highlights include a wood-burning insert in the great room and a large back deck for outdoor entertaining.

Homes for sale - 1857 Bakersfield St, 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 516 Emerald Bay Rd #303, listed at $199,000. This property was built in 1972 and this unit features 1 Bedroom / 1 Bathroom / 480 Sq Ft. Beautifully updated and fully furnished ground-level condo located in a prime location of St. Francis of the Woods HOA. Backing to miles of U.S. Forest Service land with direct access to hiking and biking trails leading to Fallen Leaf Lake and Camp Richardson, this is the perfect retreat for outdoor enthusiasts. Step inside to discover a thoughtfully designed space filled with natural light, featuring luxury plank vinyl waterproof flooring, a modern kitchen with granite countertops, stainless steel appliances including a gas range, and stylish cabinetry, plus a large kitchen window framing tranquil forest views. Enjoy the HOA amenities just steps from your door, including: On-site laundry, pool & hot tub, BBQ patio area,1-car detached covered carport, plus HOA includes full-time on-site maintenance & snow removal. All of this in an unbeatable location close to Heavenly Ski Resort, South Lake Tahoe's best beaches, restaurants, shopping, and breweries, with easy access to the paved bike path.

Homes for sale - 516 Emerald Bay Rd #303, South Lake Tahoe, CA

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This Month’s Most Expensive Home for Sale

The most expensive new listing that entered the market this month was 1639 Sherman Way, listed at $18,500,000. This property was built in 2017 and it features 17 Bedrooms / 17.5 Bathrooms / 16,500 Sq Ft / 6 Car Garage. A true titan among Tahoe's most exclusive estates, this iconic alpine retreat sprawls across 15 private acres directly adjacent to Heavenly Ski Resort. As the only ski-in/ski-out residence on the California side of the mountain, its position is unmatched---and so are the panoramic lake and mountain views that stretch endlessly from every vantage point. A winding, gated approach leads to a striking porte-cochere and a six-car garage, topped by a four-bedroom guest residence complete with gourmet kitchen, expansive great room, covered outdoor dining, and a rooftop lounge with hot tub, fireplace, and unfiltered vistas of the basin. The compound itself delivers nearly 17,000 square feet of refined mountain living across two structures, offering 17 bedrooms and 18 baths, each appointed with sophisticated comfort and style. Inside, rustic grandeur meets modern craftsmanship. Soaring ceilings of reclaimed timber, circular-sawn hardwood floors with radiant heat, and hand-laid stonework create a richly textured ambiance throughout. Culinary ambitions are met with a professional-grade kitchen featuring a 60-inch range, dual islands with natural-edge quartzite, a fully equipped butler's pantry, and generous custom cabinetry. Outdoor living is equally prioritized, multiple expansive decks offer built-in grills, fire features, and lounge areas that invite unforgettable gatherings under open skies.  

Homes for sale - 1639 Sherman Way, South Lake Tahoe CA

View photos and detailed information for 1639 Sherman Way, South Lake Tahoe, CA 96150, MLS...

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