Lake Tahoe has long been one of the most desirable places to own a vacation home. With its year-round beauty, world-class recreation, and the unique option to choose between California or Nevada sides of the lake, Tahoe continues to attract second-home buyers, investors, and families looking to create lasting memories.
Whether you're drawn to the mountains for skiing, the lake for boating, or the fresh alpine air for relaxation, there's a perfect corner of Tahoe to call your own. Let’s explore some of the top vacation home hotspots around Lake Tahoe—each with its own lifestyle, investment potential, and charm.
Incline Village, Nevada
On the north shore of Lake Tahoe, Incline Village offers luxury living with a significant bonus: Nevada’s tax advantages. With no state income tax and a host of private amenities, it’s no surprise this community is popular among high-net-worth buyers and second-home seekers.
Properties here range from low-maintenance condos with lake views to sprawling custom estates tucked into the pines. Incline Village residents enjoy access to private beaches, golf courses, a state-of-the-art rec center, and Diamond Peak Ski Resort—making it one of the most well-rounded places to own a vacation property in the region.
South Lake Tahoe, California
For those craving energy and entertainment, South Lake Tahoe delivers. This bustling lakeside city blends mountain charm with a vibrant nightlife, casinos, live music venues, and countless restaurants. Heavenly Mountain Resort is just minutes from downtown, offering some of the best skiing in the area.
South Lake Tahoe also presents an excellent opportunity for short-term rental investors. With its strong year-round tourism market and consistent visitor demand, homes in this area often perform well as vacation rentals. From rustic cabins near the lake to newly built homes near the slopes, South Lake offers something for every style and budget.
Northstar and Martis Camp (Truckee, CA)
If you’re dreaming of a luxury mountain getaway with all the perks, look no further than the Northstar area and the prestigious Martis Camp community. Located just outside Truckee, this region has become synonymous with high-end living, offering private ski-in/ski-out access, golf courses, and a wealth of amenities behind gated entrances.
Martis Camp, in particular, attracts affluent buyers seeking privacy, luxury, and lifestyle. It’s also a smart long-term investment: proximity to Truckee Airport, strong appreciation trends, and limited inventory make this one of the most exclusive areas in the Sierra Nevada.
West Shore & Tahoma
For a quieter, more nostalgic feel, many buyers are drawn to the West Shore of Lake Tahoe, especially the charming town of Tahoma. Often referred to as the “quieter side” of the lake, this area is steeped in Old Tahoe history and natural beauty. Think: serene morning paddle sessions, cozy A-frame cabins, and summer evenings under the stars.
Tahoma is close to Sugar Pine Point State Park and Homewood Ski Resort, offering easy access to outdoor adventures year-round. This area is ideal for families or anyone seeking a peaceful escape that still feels close to the action.
Zephyr Cove, Nevada
Few places on the lake offer the breathtaking beauty and exclusivity of Zephyr Cove. Located on the southeast shore, Zephyr Cove is known for its sandy beaches, dramatic sunrises, and luxurious lakefront estates—many with private docks and direct water access.
Because it’s on the Nevada side, Zephyr Cove also benefits from favorable tax policies and streamlined permitting. Buyers here enjoy the best of both worlds: access to the nightlife and ski resorts of South Lake Tahoe, with the privacy and prestige of a coveted lakefront enclave.
Lake Tahoe is more than just a vacation destination—it’s a lifestyle investment. Whether you're drawn to the tax-friendly benefits of Nevada, the charm of Tahoe’s West Shore, or the luxury communities of Truckee, each area offers something unique for buyers looking to purchase a second home.
As a local real estate advisor specializing in luxury and second-home markets across the Reno-Tahoe region, I’d be happy to help you explore which Tahoe hotspot is right for you. From strategic investment properties to generational vacation homes, let’s find a place where you can truly unwind, reconnect, and enjoy everything this incredible region has to offer.
Photography Credit : Airbnb.com
