The Montgomery Estates neighborhood of South Lake Tahoe, CA is consistently one of the most sought after neighborhoods in all of South Lake Tahoe for many reasons. Many of the homes in this subdivision are newer, well kept, and offer either mountain, lake, forest and even some steam views which have helped to maintain its high median home value that typically ranks in the top 3 for all of South Lake (usually just behind the Tahoe Keys and Heavenly Valley). The nice part about Montgomery Estates is that it is centrally located and has a private feel but still close to the action. It is considered technically to be in the county, but it’s right on the edge of the city as well. Many of the homes actually border U.S. National Forest Service land.
Lake Tahoe Real Estate Sales in Montgomery Estates
In March of 2013 there were 5 closed sales of homes in Montgomery Estates, capping off a total of 42 sales over the past year. The median sales price dropped drastically over the last 6 years from $635,000 between February of 2006 and January of 2007 to a 12 month total of $353,125 in March of 2013. The one month median sales price in March of $415,000 was higher that the South Lake Tahoe median of $349,000.
Just like the rest of the area there is a rapidly reducing inventory of homes for sale in Montgomery Estates. In March 2013 there were 4 new listings to bring the total for sale to 16. The number of homes for sale is down 38.2% from last year st 12 months but when looking at the 4 new listings we find that this number is up from last year by 1. There are currently 12 homes for sale, ranging from a 3 bedroom A-frame cabin for $275,000 to $785,000 for a large tri-level home. I also just listed a home in Montgomery Estates at 2457 Bernice that has a lot of potential.
Montgomery Estates Neighborhood
Watch my video review of the Montgomery Estates area
Montgomery Estates covers both sides of Pioneer Trail between Golden Bear Trail and Cold Creek. Pioneer Trail was once the wagon train road through the region as people headed west to find gold, and then back again to get silver in Nevada. The Pony Express also used this route and the current elementary school, Sierra House, was once a way station for travelers.
There is one fire station and the elementary school in Montgomery Estates. There are no commercial properties. There was once Lake Christopher but it was put back into its natural state a few years ago and is now a meandering creek. Two creeks join together just outside this neighborhood and eventually make their way into Lake Tahoe. There are hiking and mountain biking trails which can also be used to snow shoe and cross country ski.
Want to know more?
I would be happy to help you in your search of a Lake Tahoe home in the Montgomery Estates neighborhood. This is a very nice place to own a home with good resale value and vacation rental home potential. Contact me by email or phone at 530-541-2465.