South Tahoe Real Estate-Al Tahoe

Al Tahoe is one of the oldest and most diverse neighborhoods in South Lake Tahoe.    Homes range from small original cabins built in the early 1900’s to multi-million dollar lake front homes.  There are also multi-family units scattered throughout the neighborhood.  The Al Tahoe neighborhood is located between Regan Beach and Hwy.50.  It is very popular with locals and vacation home owners due to its close proximity to the lake, shopping, restaurants, casinos, and Heavenly Ski Resort.

Currently there are 28 homes listed in the Al Tahoe Neighborhood ranging from the high $200,000 range to over $3.2 million.

South Lake Tahoe Market Update – Al Tahoe Neighborhood

As of February 16, 2011 there are 14 homes listed in the Al Tahoe neighborhood of South Lake Tahoe. The lowest priced home located at 909 Modesto Ave. is a 3 bedroom 1 bath with 960 square feet. It is listed at $189,000. The highest priced property is a 14,336 square foot lakefront lodge that is currently under construction. It is located at 969 Lakeview Ave. and it is listed at $12,900,000.

From January 1st, 2010 to December 31st, 2010, 41 homes were sold in the Al Tahoe neighborhood. 8 of which were short sales and 11 were bank owned. The median sales price was $280,000 and the average price was $328,403. The lowest priced property of the homes sold was a 1 bedroom 1 bath 420 square foot home at 953 Tallac Ave. which sold for $150,000. The highest priced sold property was a 4 bedroom 3.5 bath 2628 square foot home at 857 Lakeview Ave. which sold for $1,000,000. From January 1st, 2009 to December 31st, 2009, 30 homes were sold. Of those 30 homes, 1 was a short sale and 8 were bank owned properties. The median home price in Al Tahoe was $312,500 and the average was $359,983. The lowest priced home that was sold in the Al Tahoe area in 2009 was a 3 bedroom 1.75 bath 1383 square foot home at 2943 Oakland Ave. that sold for $144,000. The highest was a 4 bedroom 3.5 bath 2574 square foot home at 3181 Fresno Ave. which sold for $935,000. Finally, from January 1st, 2008 to December 31st, 2008, 25 homes were sold, none of which were short sales and 7 were bank owned homes. The median price in Al Tahoe in 2008 was $430,000 and the average was $540,044. The lowest priced home, located at 1068 Los Angeles Ave., a 2 bedroom 1 bath with 766 square foot sold for $145,000. The highest, located at 3371 Lake Tahoe Blvd., was a 4 bedroom 4 bath 3200 square foot home that sold for $2,550,000.