Stunning Scenery and Financial Benefits
Nevada
A nature experience is only a short walk away from every home on the South Shore of Lake Tahoe. Building limitations ensure the region will maintain the feeling of a mountain community. Different areas feature various degrees of isolation or convenience, scenic views, and home costs. Fewer homes cluster on the steeper slopes of the Nevada-Side of the South Shore. The average home size is twice as large as homes across the stateline, are more likely to have a spectacular view, and are priced accordingly. The median price of current homes for sale in Lake Tahoe Nevada's east shore is $2,250,000 (2024) excluding lakefront properties. The median price of condos in Lake Tahoe, Nevada is $764,950. (2024) One of the advantages of owning in Nevada is the very low property taxes that exist. Typically, a million-dollar home is paying less than .5% of the value (in Douglas County, NV) And your property taxes do not change when a sale occurs! They adjust annually and the amount depends if the property is your residence or if you rent it out. The Nevada side does not have any restrictions on vacation renting your property although there are a few neighborhoods that do not allow any short-term rentals.
The east shore, Nevada side of Lake Tahoe has no incorporated cities. It does include many small townships such as Stateline, Round Hill, Zephyr Cove, Cave Rock, Lakeridge, Logan Creek, Tahoe Village, Skyland, Zephyr Heights, Summit Village, Elk Point Country Club, Cedarbrook, Uppaway Estates and Glenbrook. Stateline, the largest of the Nevada communities, features the region´s casinos and their many fine restaurants, shops, and gaming. In addition, you get a break on your Nevada taxes. You will NOT pay: personal income tax, corporate income tax, franchise tax on income, unitary tax inheritance, estate or gift tax, or admissions tax.
