Michael Teel Sells Lakefront Home To Michael Alvarez In Tahoe City For $17.01M
1350 West Lake Boulevard
$17,010,000
$2,516/SF
Building Size
6,759 SF
Asset Type
Single Family
Closing
Mar 30, 2026
AI
The property asset involved in this transaction is a single-family home located at 1350 West Lake Boulevard, Tahoe City. The residence, known as the “Wampum Lodge,” boasts a total of 6,759 square feet and sits on a parcel size of 2.9 acres. The sale was completed for a price of $17,010,000, indicating a price per square foot of $2,517.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $17,010,000
- Address: 1350 West Lake Boulevard
- Market: Tahoe City
- Asset Size: 6,759 SF
- Price per Square Foot: $2,517
- Buyer: Michael Alvarez
- Seller: Michael Teel
- Broker: Bill Dietz - Tahoe Luxury Properties
Michael Teel sold the lakefront home on behalf of the Teel Family Trust to Michael Alvarez. The property features seven bedrooms and includes 134 feet of frontage on Lake Tahoe. Bill Dietz from Tahoe Luxury Properties represented the transaction.
Players
Tahoe City Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93