While Lake Tahoe’s South Shore will always remain a hotspot for visitors and residents, activity has been increasing on the North Shore in recent years. Long seen as a tax haven for the uber-wealthy, the town of Incline Village on the Nevada border, has seen an influx of full-time residents as well as real estate investors from the Bay Area, Southern California, and around the country over the past 18 months. Home prices in the area have doubled in the past year, making headlines, and generating buzz around the rapidly increasing cost to own. 

No stranger to real estate investing, Oracle CEO Larry Ellison, has purchased the town’s largest hotel – the Hyatt Regency – through his investment arm, Lawrence Investments LLC. The Hyatt is located at the corner of Country Club Dr. and Lakeshore Blvd., and features a luxury spa, pool area, casino, and the popular lakefront Lone Eagle Grill. The acquisition reportedly cost $345 million and expands Ellison’s current Nevada property portfolio which includes a private residence in Incline, and the historic Cal Neva Resort (purchased in 2018). 

While plans for the Hyatt Regency remain unknown, the purchase highlights the soaring interest in North Lake Tahoe real estate investment. Check out the market reports below that illustrate the rise in demand, specifically Incline Village & Crystal Bay.