Tahoe Keys HOA Fees

Owning a home in the Tahoe Keys has its advantages. In addition to waterfront living, there are other great amenities that Tahoe Keys homeowners have access to. Homeowners will have access to the indoor pool, outdoor pool, spa, tennis courts, basketball courts, playground, private beach and pier, and marina use.

Although the amenities are great, they do come with a fee. The Tahoe Keys Property Owners Association fees are $1,412 annually. The Tahoe Keys also has its own water company which charges $507 annually, so the total TKPOA dues plus the water dues are $1,919 annually ($159.92 a month). Lighthouse Shores has its own particular dues. The annual Keys dues include the Common Operating Fund, Common Capital Reserve Fund, Water Quality Operating Fund, and Water Quality Reserve fund.

In addition to the Tahoe Keys Property Owners Association dues and the water company fees, condos in the Tahoe Keys have additional subdivision dues that cover exterior maintnence, exterior insurance, roof repairs, refuse, and snow removal. The subdivision dues depend on the subdivision that the condo is located in. The fee schedule is as follows.

• Door #’s 1-77 in Cove 5 are $4,097 plus $1,919 for the HOA and water fees.
• Door #’s 78-91 in Cove 4 are $4,165 plus $1,919 for the HOA and water fees.
• Door #’s 92-110 in Cove 3B are $3,285 plus $1,919 for the HOA and water fees.
• Door #’s 111-145 in Cove 3C are $3,123 plus $1,919 for the HOA and water fees.
• Door #’s 146-167 in Cove 3A are $3,602 plus $1,919 for the HOA and water fees.
• Door #’s 168-187 in Cove I are $3,555 plus $1,919 for the HOA and water fees.
• Door #’s 188-207 in Cove II are $3,612 plus $1,919 for the HOA and water fees.
• Door #’s 208-236 in Cove IIA are $3,336 plus $1,919 for the HOA and water fees.
• Door #’s 237-275 in Tahoe Marina Shores I and II are $3,911 plus $1,919 for the HOA and water fees.
• Door #’s 276-293 in Islander II are $4,290 plus $1,919 for the HOA and water fees.
• Door #’s 294-302 in Islander I are $3,746 plus $1,919 for the HOA and water fees.
• Door #’s 303-335 in Islander III are $3,800 plus $1,919 for the HOA and water fees.

Owning a condo in the Tahoe Keys is one of the least expensive ways to purchase waterfront property in South Lake Tahoe. The subdivision dues in addition to the HOA fees may seem like a big expense, but when you factor in the location it may be worth it!

For more information about houses for sale in the Tahoe Keys  and Tahoe Keys Condos, please call Brent and Jill Johnson, your resource for Tahoe Keys real estate.

Tahoe Keys Real Estate in a Flood Zone?

The Federal Emergency Management Agency (FEMA) has made a recent change to flood maps causing some homes in the Tahoe Keys to now be considered in a flood area.

According to an article written in the Tahoe Daily Tribune written be Adam Jensen, Owners of Tahoe Keys Real Estate feel that the flood maps are very inaccurate. To view the entire article click here.

Most lenders require homeowners within a flood area to have flood insurance. When the FEMA flood maps were changed, some homeowners in the new flood area received letters from their lenders requiring flood insurance or a letter from a licensed surveyor saying that the property is not in the flood area.

Flood insurance can cost around $1,100 for a $100,000 premium. This could be a hardship for some homeowners in todays tough economy.

The new FEMA maps will be very important for Real Estate Agents and those looking to buy Real Estate in the Tahoe Keys. Purchasing a home in a flood zone will add additional insurance expenses and could be harder to sell in the future.

FEMA is currently reviewing the flood map changes due to complaints from homeowners. Click on the link view the FEMA website.

Click Here to View the Tahoe Keys FEMA Map

For questions about Tahoe Keys Real Estate or any home on the South Lake Tahoe MLS please call Brent or Jill Johnson today!