Heavenly | South Lake Tahoe Real Estate Neighborhoods
Heavenly Valley, by all accounts, is the most sought after neighborhood for second home buyers and vacation renters. It’s proximity to Lake Tahoe beaches, aquatic recreation, the world-class Heavenly Mountain ski resort, and casinos provide visitors with a sense of relief knowing that very little time will be spent in cars once they arrive at their doorstep. When looking at an aerial map, the Heavenly Valley neighborhood is found close to the California and Nevada borders near the area called Stateline.
Although it is typical for Lake Tahoe neighborhoods to present a variety of homes, nowhere is that diversity more pronounced than in the Heavenly Valley neighborhood. This neighborhood is made up of approximately 500 homes ranging from some of South Lake Tahoe’s most magnificent lake view homes, small historical cabins, condos, townhouses, timeshares and contemporary “mountain lodge” style homes. The average home for the area has four bedrooms, two and a half baths and 1,700 square feet of living space. Starting at Pioneer Trail and traversing up the side of the mountain, many of these homes are blessed with surrounding pine trees, adjacent US Forest and State Conservancy land, small creeks and mountain views. If one is seeking a vacation rental investment, check with local property management companies and they will agree that the Heavenly Valley neighborhood is one of the best bets for netting the highest annual income. Just mention the neighborhood benefits and a hot tub and the bookings will start to add up.
Although just hanging on one’s deck while listening to the birds and breeze may be all that is on one’s calendar once arriving in Heavenly Valley, nearby “fun” opportunities are waiting. Aside from the Heavenly Mountain Ski Resort, one can head down to the lake shore to utilize the Ski Run Marina, the shops at Heavenly Village, dining, the El Dorado Beach Recreation Area/boat ramp and the casino corridor. If you are looking for more, don’t forget the endless miles of forested trails ideal for hiking, biking and cross-country skiing. The list doesn’t stop here. Within a few short miles is Reagan Beach offering beach volleyball, picnics and fireworks in the summer along with cross-country skiing in the winter. Golfers will recognize the pristine setting of the nearby Edgewood Golf Course and it will be a matter of time before they find themselves scheduling a t time. All at once it becomes crystal clear – it is truly Heavenly.
As of August 21, the 2010 sales within the Heavenly Valley neighborhood are:
Address Sold Price % of List SF $/SF Bed/Ba/Ga DOM Yr Blt
4063 Saddle $ 470,000 85.6 1358 $346 3/2/0 492 1970
3775 Overlook 350,000 93.0 1620 216 3/3/C 405 1964
4135 Saddle 925,000 93.0 1874 494 2/2/0 308 1965
3320 Pioneer 250,000 102.1 1288 194 3/2/2 216 1965
1321 Wildwood 1,060,000 94.2 3432 309 4/3/2 206 1970
1199 Timber 325,000 93.1 1684 193 2/2/0 174 1980
3800 Needle Peak 432,000 93.9 1789 241 3/2/2 136 1998
3730 Regina 525,000 100.0 3150 167 5/5/2 123 1981
3705 Regina 467,500 85.2 1991 235 3/2/2 104 1981 *
3685 David 500,000 100.2 2188 229 3/3/2 55 2000
1395 Timber Lake 235,000 99.7 1221 192 3/2/0 81 1966 *
1369 Knoll 457,000 95.4 2468 185 3/3/2 23 1992 *
3606 Needle Peak 454,300 100.0 1831 248 4/2.5/1 63 1955
3691 David 334,900 100.0 1264 265 3/1.75/1 27 1961 *
Condos
1439 Ski Run $ 245,000 91.1 1067 230 2/1.5/0 1113 1976
1510 Wildwood 280,000 82.6 1120 250 2/1.5/0 498 1973
1439 Ski Run 218,000 91.2 1060 206 2/1.5/0 444 1976
1439 Ski Run 248,000 95.4 1067 232 2/1.75/ 141 1976 *
3861 Saddle 275,000 85.9 935 294 3/2/0 245 1973 *
1200 Wildwood 135,000 90.1 936 144 2/1.5/0 161 1972 *
1439 Ski Run 200,000 98.0 1067 187 2/1.75/0 64 1976 *
* Bank-Owned or Short Sale
As compared to the same time period in 2009 (Jan. 1 – Aug. 21) the median home price and number of sales are up. The dollar per square foot is down.
Single Family/Condos # of Units Sold Median Home Price Average $/SF Median Days on Market
2010 14/7 $455,650/$245,000 $251/$220 129/245
2009 8/2 $430,000/$220,000 $219/$246 127/316









