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 Review for 2009 Year to Date

Tahoe Keys home buyers are currently finding the best selection of homes for sale that there has been in years. There are now 55 houses for sale in the Tahoe Keys area that are available on the South Lake Tahoe mls. The least expensive home in on the water the Tahoe Keys is 2214 Venice ( backs the sailing lagoon), a 3 bedroom, 2 bathroom, 2 car garage 1422 square foot home for $495,000. For those looking for luxury, 24 Lighthouse Shores, a 6,500 square foot lakefront home is still available for $5,950,000.

Buyer activity in the Tahoe Keys has also been increasing, there are now currently 13 houses in the Tahoe Keys that are in escrow. Out of the 13 houses in escrow, 8  are short sales and none are bank owned foreclosures. 

Statistics for the houses in the Tahoe Keys that are in escrow 

• There are currently 13 homes in the Tahoe Keys that are in escrow
• The average listing price is $947,269
• The median listing price is $725,000
• Tha average price per square foot is $364
• The average days on the market is 309
• the average square footage is 2,438

So far this year there have been 8 Tahoe Keys homes that have sold on the South Lake Tahoe mls. Two of the sold homes were short sales and one was a bank owned foreclosure. When I ran the statistics for the sold Tahoe Keys homes, I did not include 2224 Inverness. 2224 Inverness was a short sale that was a 3,000 square foot shell, and was skewing the statistics. This home was completely gutted on the inside, and sold for only $300,000.

Statistics for the houses in the Tahoe Keys that have sold in 2009

• 8 sold houses in the Tahoe Keys
• 2 short sales and 1 bank owned foreclosure
• The average sales price was $798,286
• The median sales price was $705,000
• The average days on the market was 211
• The average square footage was 2,519

As I was driving my boat through the Tahoe Keys during the 4th of July weekend, it was great to see how many people were vacationing in the Keys. I would guess that there was not one vacant vacation rental in the Tahoe Keys area during that weekend. The Tahoe Keys is a very special area in South Lake Tahoe, and is one of the best places in the world to own a home! There is a large selection of homes available in the Tahoe Keys, and prices at their lowest levels in years. In may now be the best time ever to find your dream home in the Tahoe Keys!

For more information about Tahoe Keys real estate, please call Brent and Jill Johnson at (530) 416-2625 today!

Tahoe Keys Condos

Owning a condo in the Tahoe Keys area is one of the least expensive ways to own real estate on the water in South Lake Tahoe. Having a condo in the Tahoe Keys also allows you to use the Keys areas great amenities including the indoor and outdoor pools, tennis courts, basket ball courts, beach and harbor use, and the playground. Boat owners will love having a dock in the lagoon with easy access to Lake Tahoe’s crystal clear waters.

Condo prices in the Tahoe Keys are now more affordable than they have been in years. The median sales price is down 36% in 2009 from what it was in 2006. Currently the least expensive condo in the Tahoe Keys is only $239,000. 489 Tahoe Keys Blvd. is a one bedroom, one bathroom 754 square foot bank owned foreclosure.

So far this year there have only been two condos that have sold in the Tahoe Keys area. Both condos that sold were 3 bedroom, 2 bath units that had an average sales price per square foot of $301. 2071 Venice Drive #296 sold for $300,000 and 405 Ala Wai #182 sold for $485,000.

Currently there are three condos that are in escrow, 439 Ala Wai #941 with a list price of $399,000, 2081 Venice Drive #288 with a list price of $399,000, and 2031 Venice Drive #322 with a list price of $465,000.

There are 20 active condo listings in the Tahoe Keys on the South Lake Tahoe mls. The average list price per square foot is $450, the median list price is $517,000, and the median days on the market is 187. Like I had said before, the least expensive condo is a 1 bedroom with a list price of $239,000. The most expensive condo on the mls is 336 Ala Wai #255,  a 3 bedroom, 2.5 bath lakefront offered at $1,195,000. 

To show how Tahoe Keys condos have gone down in value since 2005, here are the statistics from the South Lake Tahoe mls:

2009 Tahoe Keys Condo Statistics

• Two units sold in 2009
• The median sales price was $392,500
• The average price per square foot was $301

2008 Tahoe Keys Condo Statistics

• 11 units sold in 2008
• The median sales price was $435,000
• The average price per square foot was $408

2007 Tahoe Keys Condo Statistics

• 11 units sold in 2007
• The median sales price was $590,000
• The average price per square foot was $477

2006 Tahoe Keys Condo Statistics

• 16 units sold in 2006
• The median sales price was $616,000
• The average price per square foot was $486

2005 Tahoe Keys Condo Statistics

• 16 units sold in 2005
• The median sales price was $559,500
• The average price per square foot was $450

If you are looking for an affordable way to own South Lake Tahoe real estate on the water, now may be the best time to purchase a condo in the Tahoe Keys. For more information regarding condos for sale in the Tahoe Keys and Tahoe Keys real estate, please call Brent and Jill Johnson today!

Tahoe Keys Open House Extravaganza!

This weekend, Chase International South Tahoe Realty kicks off its summer Tahoe Keys Homes Open House  Extravaganza! Chase International real estate agents will be holding open houses throughout the summer on Saturdays from 3:00-6:00 p.m.. Open houses are a great place to meet different real estate agents, and to find an agent who you will feel comfortable working with to find a home.

 

Brent and Jill will be holding 2205 Venice Drive open on Saturday, May 30th from 10:00 a.m. until 6:00 p.m.

2205 Venice is a newer 4 bedroom, 2.5 bathroom, 2 car garage 2467 square foot home that was built in 1993. This house is being sold as a short sale and is subject to lender approval of any offers. This beautiful waterfront home is being offered at $995,000.

 

Some of the other Tahoe Keys homes that will be having open house are:

• 405 Ala Wai #184
• 1986 Garmish
• 1992 Marconi
• 2049 Aloha
• 2172 Balboa
• 1971 Aloha
• 2020 Aloha
• 3819 Beach

There are now 52 available houses for sale in The Tahoe Keys area and 10 homes that are currently in escrow. Prices for single family homes in the Tahoe Keys range from $495,000 for a 3 bedroom home on the sailing lagoon all the way to $5,950,000 for a 4 bedroom 6500 square foot lakefront home on Lighthouse Shores Drive. The lease expensive home on the water withlake access in the keys is a 2 bedroom, 1.75 bath, 2 car garage home priced at $595,000.

If you will be looking at real estate in the Tahoe Keys area this weekend, here are some quick statistics regarding single family homes.

Statistic for Tahoe Keys homes on the South Lake Tahoe mls

• 10 Tahoe Keys homes are currently in escrow
• The average list price of the Tahoe Keys homes in escrow is $863,300
• The median list price of the Tahoe Keys homes in escrow is $757,500
• The average days on the market for the Tahoe Keys homes in escrow is 335
• There are 52 houses for sale in the Tahoe Keys that are still available
• The average list price of the houses for sale in the Tahoe Keys is $1,545,726
• The median list price of the houses for sale in the Tahoe Keys is $1,147,500
• The average days on the market for the houses for sale in the Tahoe Keys is 119

I hope to see you at my open house to talk about Tahoe Keys properties and have some snacks. If you would rather set up an appointment to view houses for sale in the Tahoe Keys area than just going to the homes that are being held open, call Brent and Jill Johnson at (530) 416-2625 today!

Tahoe Keys Properties are off to a Slow Start

With only four houses in the Tahoe Keys that have sold so far this year, the Keys area is off to a very slow start in 2009. Two of the sold homes in the Tahoe Keys were distress sales, one was a foreclosure and one was a short sale. As you would expect, Tahoe Keys property values are down due to the lack of demand from buyers.

The average price per square foot of the four Tahoe Keys homes that have sold so far this year is only $313. The sold price per square foot so far this year is very close to what it was in 2003 which was $305. The median sales price for the sold Tahoe Keys homes was $757,500, 11% less than what it was in 2008 and 33%less than what it was during the peak of the real estate market in 2005.

 

Here is a break down of the sold single family homes in the Tahoe Keys area from the South Lake Tahoe mls beginning in 2003.

2003 Sold Tahoe Keys Houses

• 60 Sold Tahoe Keys homes
• Average sales price $731,704
• Median sales price $692,450
• Average price per square foot $305

2004 Sold Tahoe Keys Houses

• 69 Sold Tahoe Keys homes
• Average sales price $946,663
• Median sales price $820,000
• Average price per square foot $389

2005 Sold Tahoe Keys Houses

• 49 Sold Tahoe Keys homes
• Average sales price $1,166,367
• Median sales price $1,130,000
• Average price per square foot $473

2006 Sold Tahoe Keys Houses

• 35 Sold Tahoe Keys Houses
• Average sales price $1,009,354
• Median sales price $1,000,000
• Average price per square foot $475

2007 Sold Tahoe Keys Houses

• 37 Sold Tahoe Keys Houses
• Average sales price $1,155,000
• Median sales price $960,000
• Average price per square foot $476

2008 Sold Tahoe Keys Houses

• 32 Sold Tahoe Keys Houses
• Average sales price $900,366
• Median sales price $847,500
• Average price per square foot $388
• There were 3 foreclosures in the Tahoe Keys that sold
• The average price per square foot for the Tahoe Keys foreclosures was $303
• The median sales price for the Tahoe Keys foreclosures was $420,000
• The average sales price for the Tahoe Keys foreclosures was $581,667

2009 Sold Tahoe Keys Homes from 1/1/09 to 4/28/09

• 4 Sold Tahoe Keys homes
• Average sales price $825,000
• Median sales price $757,500
• Average price per square foot $313
• One of the sold Tahoe Keys homes was a bank owned foreclosure
• One of the sold Tahoe Keys homes was a short sale

Currently there are 59 Tahoe Keys Listings on the South Lake Tahoe mls and 6 of them are listed as short sales. Out of the 59 Tahoe Keys listings, there are currently 5 in escrow, and 2 of them are short sales. There are no bank owned properties in the Tahoe Keys that are currently available for sale. There may soon be a foreclosure in the Tahoe Keys because there are a couple of Notices of Default posted in the Tahoe Keys. I will make sure to post any new Tahoe Keys foreclosure listings on my website as soon as they hit the market.

With Tahoe Keys properties selling for close to what they were in 2003 and interest rates under 5%, it could be the best chance to purchase waterfront property in South Lake Tahoe. There are now homes for sale in the Tahoe Keys with lake access for under $600,000!

For more information about Tahoe Keys properties, contact Brent and Jill Johnson today!

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