The Covid-19 pandemic has forced millions of Americans to work remotely from home, in turn causing many to reevaluate their living arrangements. In particular, this means leaving cities in favor of more space. FlatRate Moving company in New York City told The New York Times
that the number of moves of people moving out of the city between March and August was up 50 percent year over year.
While there’s no conclusive evidence that people are permanently moving out of cities, it’s no secret that secondary markets across the country, namely mountain towns, are seeing an influx of rentals and sales. Both rentals and purchases, including vacation homes, were up in 2020 in Aspen, Colorado; Jackson Hole, Wyoming; Park City, Utah; Big Sky, Montana; and Lake Tahoe, California. Similar to the mad dash for the Hamptons
in the wake of Covid-19, these towns are seeing an influx of people coming in and scooping up the most sought-after real estate.
Lake Tahoe, California
Just three hours east of San Francisco, Lake Tahoe offers some of the best skiing in California. For Silicon Valley executives, and even those in Los Angeles, it’s a short private flight and easy to commute to on the weekends for skiing, hiking or other outdoor activities. Thanks to its proximity to major hubs in California, luxury home sales have been skyrocketing.
“In the North Lake Tahoe and Truckee region of California, there was a 156% uptick in sales,” White says. “Inventory is low in this region, which has resulted in competitive bidding situations. Multiple luxury homes in the $30 million price range that have been on the market for several years have recently sold or are currently in escrow, further speaking to the appeal of the market and demand for resort lifestyle among buyers”.
Take 360 Abbey Road, for example. Technically based in Stateline, Nevada, the home is just seven minutes from all the activity Lake Tahoe has to offer. The home has views of Lake Tahoe, Heavenly Ski Resort, Mount Tallac, Round Hill and Chimney Rock, all surrounded by beautiful forest land, with direct access to hiking trails.
The home is built against a bluff of granite boulders and was constructed with the finest craftsmanship. The location and exterior alone is awe-inspiring, but it’s not until you enter the home that rustic grandeur and modern materials unite in a beautiful way. There is a main home as well as a guest house, each featuring rock fireplaces, massive windows that let in plenty of nature and opulent detailing, like marble features in the bathrooms, and wooden vaulted ceilings. There is a spacious home gym, a wine cellar, sauna, game room and outdoor areas featuring stone walkways. It’s listed by Gregory Ochoa, founder of Mountain Luxury Properties, for $8.95 million.