The South Lake Tahoe housing market held steady through May, with momentum building as we move closer to summer. Buyer activity is gradually increasing, driven by improved weather and seasonal interest, though many remain cautious and selective in their search. Inventory is still on the lower side, but new listings are slowly trickling in, helping to balance the market just enough to keep things moving.

Properties that show well and are priced in line with recent sales are continuing to draw attention, sometimes even multiple offers. On the other hand, homes that require updates or are priced too aggressively are sitting longer, as buyers remain value-conscious and hesitant to take on big projects in this market. Overall, we’re seeing a healthy mix of activity with signs that summer could bring a more competitive market, especially if inventory doesn’t climb significantly.

Updates on the South Lake Tahoe short term rentals new ordinance:
At their meeting on June 17, the City Council adopted an ordinance amending the VHR regulations and a resolution to provide an initial application period open only to prior VHR and Qualified VHR permittees. The ordinance will become effective on July 17 , 2025. Although the city will not issue permits prior to July 17 the city will begin an initial 60-day VHR permit application period on June 23. This initial application period will only be for applicants in good standing whose previous VHR permits at the same properties expired in 2021 and were not renewed at that time because of Measure T, and previous QVHR permittees in good standing whose permits became void in April 2025 because of the court’s ruling in the Measure T lawsuit. After the initial 60-day period applications will be accepted from applicants not in these categories. 

VHR applications will only be accepted through the online portal that will be active at 9:00am on June 23 and accessible through the city’s website.

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 511 Little Mountain Ln, listed at $629,000. This property was built in 1278 and it features 3 Bedrooms / 2 Bathroom / 1,278 Sq Ft. This delightfully charming cabin in South Lake's pristine North Upper Truckee neighborhood gives a future homeowner the gift of discovering their dream retreat. The spacious layout throughout this home offers a perfect blend of comfort, style, and natural beauty. The main living area is conveniently located at street level. The home is entered through the living room which features a wood burning fireplace and laminate flooring. This room opens to the dining area which overlooks the forested setting outside. The roomy kitchen is large and features plenty of cabinet storage and counter space. To the back of the kitchen is the utlity room and laundry. Down the hall from the living area are two bedrooms and a fully updated bath. Upstairs one will find the third bedroom, the second updated bath and an open loft overlooking the floor below. The ambience sings of mountain-lodge living year round.Open beamed vaulted pine ceilings and an abundance of natural light create a warm and inviting atmosphere. This cabin is tastefully decorated and fully furnished, ready for you to move in and enjoy. Step outside to a beautiful park-like patio setting surrounded by towering pines, perfect for relaxing or hosting gatherings. Needing extra storage for your Tahoe Toys? No worries. There is a storage shed in the backyard which provides additional space for your outdoor gear and equipment.

511 Little Mountain Lane, 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 3535 Lake Tahoe Blvd, listed at $395,000. This property was built in 1975 and this unit features 1 Bedroom / 1 Bathroom / 448 Sq Ft. Discover your slice of paradise at Lakeland Village Condos, an exclusive lakefront community nestled on 19 pristine wooded acres along Lake Tahoe's most coveted sandy beach. With 1,000 feet of private shoreline, this premier property offers the perfect blend of luxury and natural beauty. This thoughtfully furnished studio condo offers stunning views of the year-round heated pool and spa area. Modern conveniences abound with heated hallways, elevator access, and underground parking. Whether as a cherished family retreat or a lucrative investment opportunity through short-term vacation rentals, this property presents an exceptional opportunity to own a piece of Lake Tahoe's legendary lifestyle.Indulge in resort-style amenities including a private HOA pier, firepits and fitness center. Year-round enjoyment is guaranteed with a heated pool, while two seasonal pools and two inviting hot tubs provide additional options for relaxation and recreation. Owner financing available with 50%+ down. 

3535 Lake Tahoe Boulevard #222, 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 1924 Cathedral Dr, listed at $2,549,000. This property was built in 1980 and it features 4 Bedrooms / 3.5 Bathrooms / 3,747 Sq Ft / 2 Car Garage. New Dock, New Exterior Paint and(134) feet of Water Frontage!  Large Tahoe Keys beauty featuring 3,747sf.  Amazing lot of 15,682 sf featuring a boat dock suitable for 2 boats. Sauna is off the downstairs den. Water feature pond at the entrance to this custom home with its unique grand foyer & wide staircase leading to the living room dining room combination area. A towering, vaulted ceiling sits above the living/kitchen/dining areas with 2 sliding doors leading to the balcony with stairs leading to the lower outdoor area featuring a hot tub, boat dock, & large yard area perfect for summer BBQ's. The upstairs main bedroom features its own private balcony with breathtaking Mt. Tallac views, a walk-in closet, a main bathroom featuring a jet spa tub. The lower floor has 3 more bedrooms, a full bathroom and another 1/2 bathroom.  The den/ family opens into another trek deck and hot tup.  Winter you can chill  with a built in bar, fireplace.  Tahoe Keys HOA:: indoor pool, outdoor pool, hot tubs, tennis courts, security, beach, and marina. 

1924 Cathedral Court, South Lake Tahoe, CA

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