The Most Expensive Lakes in Nevada to Buy a Second Home

Are you looking to purchase a second home in Nevada? If so, you may want to consider buying a property near one of the state’s beautiful lakes. With picturesque views and endless recreational activities, living near a lake can be a dream come true. However, some of these lakefront properties come with a hefty price tag.

In this article, we’ll explore the most expensive lakes in Nevada to buy a second home. From the stunning shores of Lake Tahoe to the luxurious communities around Lake Las Vegas, we’ll give you the inside scoop on where to find 3 of the most extravagant lakefront properties in the state. So, sit back, relax, and let’s dive into some of these beautiful (and costly) lake locations.

The 3 Most Expensive Lakes in Nevada to Buy a Second Home

1.      Lake Tahoe

Lake Tahoe is a magnificent lake located in the Sierra Nevada Mountains between the border of California and Nevada. It is undoubtedly the most sought-after and expensive lake to live on in Nevada. Lake Tahoe is incredibly popular for many reasons including its stunning beauty, the vast range of outdoor activities, and its rich history and culture. Here are a few more reasons this Lake is so popular:

Crystal clear waters: Lake Tahoe’s crystal clear waters are among its defining features. The lake is fed by snowmelt, and its clarity can reach up to 70 feet. This makes it an ideal spot for a variety of recreational activities, including swimming, kayaking, and paddleboarding.

Fishing: Lake Tahoe is home to an abundance of fish species, including rainbow trout, lake trout, and kokanee salmon. Fishing is a popular pastime for many lake residents, and the lake is known for producing trophy-sized fish.

Outdoor recreation: In addition to fishing and watersports, Lake Tahoe offers plenty of opportunities for hiking, mountain biking, and skiing. The surrounding mountains provide stunning views and world-class ski resorts, making it a popular destination for outdoor enthusiasts.

Views: The views from Lake Tahoe are absolutely breathtaking. The lake is surrounded by snow-capped mountains, and the clear blue waters reflect the stunning landscape. It’s no wonder that Lake Tahoe has been dubbed “America’s Year-Round Playground.”

Nightlife and Entertainment: Lake Tahoe is known for its vibrant nightlife, with numerous restaurants, shops, and casino resorts. Visitors can enjoy a variety of live entertainment, including music concerts, magic shows, comedy shows, and much more.

Cultural significance: Lake Tahoe is culturally significant due to the fact that it has been inhabited for over 10,000 years by various Native American tribes like the Washoe Tribe. Additionally, the area has been the setting for several Hollywood movies, making it a popular destination for movie buffs.

Community and amenities: Lake Tahoe is home to numerous upscale communities, each with its own unique charm and amenities. From boutique shops and fine dining to luxurious spas and golf courses, living on Lake Tahoe means access to high-end amenities and a tight-knit community.

All of these attractions and amenities make Lake Tahoe a highly desirable place to live, and one of the most expensive lakefront real estate markets not just in the state, but in the country! Despite the high cost of living, demand for Lake Tahoe’s pristine properties remains high, and many are willing to pay a premium to call this stunning lakefront community their home.

Average Costs To Live On Lake Tahoe

The cost of living in Lake Tahoe varies depending on factors such as location, housing, and amenities. According to several sources, the cost of living in South Lake Tahoe, California, can be 51% to 123.4% higher than the national average, depending on the source.

According to Zillow, the average home value in South Lake Tahoe is currently $661,140. South Lake Tahoe’s cost of living is 16% higher than the national average. In fact, the average cost of living in South Lake Tahoe is in the top 13% of the most expensive cities in the world!

The cost of living can also vary depending on the type of housing. For example, a one-bedroom apartment has an average monthly cost of $1,229. It’s important to note that the cost of living around Lake Tahoe can differ depending on where one lives and the level of luxury and amenities one desires.

The Most Expensive Home On Lake Tahoe

The most expensive home on Lake Tahoe is a clifftop mansion known as the “Castle on the Hill.” The mansion is located in Nevada and was built in 1997. It has six bedrooms, a home theater, and a separate beach house that sits closer to the shores of Lake Tahoe.

The mansion was listed for $64 million, making it the most expensive home listed on Lake Tahoe. The Castle on the Hill has been a popular topic in the news lately, with several articles and news stories discussing the property’s features and price.

2.      Lake Las Vegas

Lake Las Vegas is considered one of the most expensive lakes to live on in Nevada, particularly due to its luxury amenities and high-end neighborhoods. Some reasons for this include:

Luxury amenities: Lake Las Vegas is known for its high-end amenities, such as golf courses, private clubs, spas, and resort-style pools. These amenities are often accompanied by a higher cost of living.

Exclusive communities: The lake is surrounded by exclusive neighborhoods with homes that typically have a higher price tag than in other areas of Las Vegas. Some of these neighborhoods include South Shore, Monte Lago Village, and The Falls.

Waterfront living: Living on the lake offers the opportunity to own a waterfront property, which is a premium feature in real estate. These properties often come with a higher price tag due to their location and access to water activities.

Scenic location: Lake Las Vegas is situated in a scenic location in the Mojave desert, with picturesque views of the surrounding mountains and desert landscape. This unique and desirable location can also add to the cost of living in the area.

It’s important to note that while Lake Las Vegas may be expensive, there are other areas in Nevada with a comparable cost of living, and the cost of living can vary based on individual lifestyle factors such as housing, transportation, and entertainment choices.

Average Costs To Live On Lake Las Vegas

the average prices for apartments in Lake Las Vegas range from $1,240 to $8,158 per month, with an average monthly rent of $2,062. Additionally, the median home price in Lake Las Vegas is $820,000, and some high-end properties in the area can range from $430,000 to $7,000,000 or more.

The cost of living in Las Vegas, including the Lake Las Vegas area, can also be influenced by factors such as housing, transportation, entertainment, and lifestyle choices. It’s important to work with a financial advisor or do your own budget analysis to determine the cost of living on Lake Las Vegas based on your individual circumstances.

The Most Expensive Home On Lake Las Vegas

The most expensive home on Lake Las Vegas is currently listed for $32.5 million and spans over 14,000 square feet. The property features views of the Las Vegas Strip, a 12-car garage, and smart-home technology. Other luxury homes in the area can range from $6.5 million to over $20 million, depending on the size, location, and amenities. The high-end real estate in Lake Las Vegas is known for its exclusive amenities, waterfront living, and scenic location.

3.      The Lakes in Las Vegas, NV

The Lakes is a popular community in Las Vegas known for its man-made lakes and luxury homes, which attract affluent buyers looking for a high-end lifestyle in a desirable location. It is a master-planned community and is a desirable residential area in Las Vegas due to its proximity to downtown Las Vegas, the Las Vegas Strip, and the nearby Red Rock Canyon.

The area features luxury homes and high-end amenities such as golf courses, private parks, and walking trails, making it a popular choice for affluent residents who want to enjoy comfortable living with easy access to many of Las Vegas’s top attractions.

The Lakes community in Las Vegas surrounds a private thirty-acre lake, giving residents a taste of a beautiful tropical resort. It is the only community in Las Vegas with a lake in its backyard, offering various recreational opportunities such as boating, fishing, walking, and biking trails, with scenic views of the lake.

The Lake Town Center Plaza located on the north end of Lake Sahara caters to the shopping needs of the community, with various retail businesses, markets, performing arts centers, and restaurants.

Average Costs To Live On The Lakes In Las Vegas

The average costs to live in “The Lakes” estate in Las Vegas can vary based on factors such as housing size and quality, lifestyle, and location. However, according to Zillow, the median listing home price in The Lakes was $1.7 million in May 2023.

“The Lakes” features luxury apartments with upscale amenities as well. The average monthly rent for luxury apartments in “The Lakes,” Las Vegas, NV, is $1,566, which is actually less expensive compared to other high-end residential areas in the city.

The Most Expensive Home in The Lakes

According to Zillow, as of July 2023, the most expensive luxury home for sale in The Lakes is listed for $4,485,000. It is a six-bedroom, seven-bath custom home with luxurious amenities such as a home theater, wine cellar, and spa-inspired master suite.

In Conclusion

In conclusion, Nevada offers some of the most breathtaking and luxurious lakefront properties in the United States. Owning a second home on a lake can provide a tranquil escape from the hustle and bustle of urban life, and Nevada offers some of the best locations to purchase a second home. From the pristine waters of Lake Tahoe to the relaxing ambiance of The Lakes in Las Vegas, there are several options to consider.

Although purchasing a lakefront property in Nevada can be a significant investment, it is a worthwhile investment that offers both a high standard of living and considerable potential for appreciation over time. All in all, whether you’re looking for a summer retreat or a cozy winter cabin, investing in a second home on a Nevada lake is undoubtedly worth considering.

Summary of Most Expensive Lakes in Nevada to Buy a Second Home