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REAL ESTATE BRIEFS | May 12 - June 8, 2017

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Half of North Tahoe’s Short-Term Rentals Owe Transient Occupancy Tax

PLACER COUNTY

Nearly half of short-term rental properties in Placer County’s North Tahoe region are out of compliance with transient occupancy tax (TOT) certification and tax payments. In 2016, Placer County brought monitoring firm Host Compliance (see p. 17) on board to assess how many North Tahoe rentals were unregistered and behind on TOT payments to the county. Almost 4,000 short-term rentals are currently registered and up to date with tax payments, but 3,369 are not, amounting to a significant source of missed tax revenue — $16 million were collected from registered short-term rentals in 2016. Placer County is working on bringing unregistered rentals into compliance by sending notifications to property owners, and so far has already brought 60 unregistered rentals on board.


California Building Codes More Than Doubled Since 1997

STATEWIDE

Town of Truckee planners recently put together a striking visualization showing that in the past 20 years, statewide mandated building codes have more than doubled in volume. Since 1997, 2,600 additional pages of compliance manuals, reference appendices, and efficiency standards have been inserted, bringing the regulations to a massive total of 4,800 pages. These updates impact the cost of housing construction, usually making it more expensive. Some changes are clearly for health and safety related reasons, others are to improve energy and water efficiency, some are to improve the quality of urban runoff, improve accessibility for the disabled or senior citizens, and some are for less obvious reasons — like maintaining complex, expensive, and difficult to install construction methods instead of allowing simpler and cheaper alternatives. Often, such changes are strongly opposed by construction labor unions during the code-setting process.


NTPUD Streamlines Permit Process for Small Projects

KINGS BEACH

If you’re envisioning a summer remodel for your Tahoe home, the North Tahoe Public Utility District has just turned your project’s approval process into a quick, streamlined visit to the counter. North Tahoe residents who are planning interior remodels without added plumbing infrastructure, or exterior additions that don’t conflict with existing water and sewer lines, can bring a Placer County Environmental Health Confirmation of Water and Sewer Services/Intent to Serve form, a site and floor plan, and a completed District Plan Review Request form to the PUD at 875 National Avenue in Tahoe Vista. Last year, the district was able to approve 42 of 120 plans immediately with over-the-counter service, allowing for engineering staff to focus on plan approvals for larger commercial and residential projects. To download a copy of the Plan Review Request form, visit ntpud.org, click on “Departments” and then “Planning and Engineering.”


Robie Litchfield, Landscape Designer, Earns Green Certification

TRUCKEE

Robie Wilson Litchfield, principal and owner of Litchfield Design + Consulting, is among the first to be credentialed as a SITES Professional by Green Building Certification Inc. for environmentally friendly landscape design. The acknowledgement is based on Litchfield’s decades of experience working in watershed restoration, low-impact development, art projects, and numerous advisory roles. SITES sets standards for sustainable development, and Litchfield looks forward to adding standard practices for managing storm water and other unique mountain building challenges into her work. She has worked in sustainable design in California and Nevada for 25 years, and aims to help people fit into their world by blending art, science, and technology in her designs.


Tahoe Luxury Properties Knows Dollar Point

TAHOE CITY

Agents from Tahoe Luxury Properties dominated home sales in Dollar Point this year so far, closing on three home sales in the coveted neighborhood, with an additional two properties in escrow as of April 26. Agents Bill Dietz, Amie Quirarte, and Kristi Bell were involved in the transactions, either representing the buyers or sellers. Dollar Point is prized for its convenient location between Tahoe City and Kings Beach, and access to amenities including a private beach, tennis courts, a swimming pool, hiking and biking trails, and picnic areas.


How’s the Town Doing on Housing Issues?

TRUCKEE

The Town of Truckee released its annual Community Development Report in April, documenting the Town’s progress on housing issues, growth, and development. The report reveals that since 2015, Truckee has experienced a 0.2 percent increase in population, a 34.1 percent increase in added housing units, and a 0.2 percent increase in the overall vacancy rate — now at 55.3 percent. These high vacancy rates, attributed to Truckee’s many second homeowners, are significantly higher than in the state of California (7 percent) and Nevada County (24.7 percent). The Town will review housing in-lieu fees and workforce housing requirements in mid-2017, and will begin implementing community rezoning to allow for higher density residential construction.


Town Seeks Developers for West River Public Park Site

TRUCKEE

On May 1, the Town of Truckee released a Request for Interest/Qualifications, inviting developers to submit proposals for developing the West River site, a 1.42 acre parcel of land along the Truckee River, just one block south of Commercial Row in downtown Truckee. The town is seeking a public-private partnership in the development of this parcel, which is anticipated to be a mixed-use site with a public park supporting a commercial or civic development. The Town of Truckee envisions a public, river-oriented space that provides prime access to the scenic Truckee River. The deadline for developer responses is June 30. Info: townoftruckee.com


Oliver Luxury Real Estate’s New Reno Office Crushes Their First Quarter

RENO

Tahoe’s family-owned luxury real estate company Oliver exceeded sales expectations by 25 percent so far in 2017. The success was bolstered by the company’s new office in Reno, opened in October 2016. The office is staffed with 17 agents that sold more than $27 million in real estate at a volume of 50 units so far in 2017. Homewood resident Michael Oliver founded Oliver Luxury Real Estate in 1997. The company gives regularly to local charities like the Boys and Girls Club of Lake Tahoe and the League to Save Lake Tahoe. Oliver is sponsoring this year’s Tahoe City Wine Walk on June 17.


Tahoe Properties by Hester Real Estate Opens Second Location

TAHOE CITY

Tahoe Properties by Hester RE opened a second location in Tahoma on May 6 at 7000 W Lake Boulevard. The office received a complete remodel, and brings a real estate office back to the area south of Homewood for the first time in more than a year. Owner Brad Hester and four other agents will staff the office, as well as the Tahoe City office. Hester said he is excited to serve the Tahoma, Meeks, and Rubicon communities from this new location. Info: (530) 412-9501

 
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November 9, 2017