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Three Tahoe Homes for Just Under a Million

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Owning a home steps away from the lake or ski hill in Lake Tahoe, one of America's most popular and beautiful alpine sanctuaries, has lately been a spendy affair. But we've tracked down three listings that fit the bill and sit just under $1 million

? This classic cedar shingle cottage, packing 1,300 square feet, four bedrooms and three bathrooms, was built in the 30's and sits on a 1/3 of an acre with a sweeping lawn leading to a bluff overlooking the north part of Lake Tahoe. A wraparound deck, beautiful stone fireplace, and lake views from every room round out the highlights of this property. Those with vertigo may not be inclined to be so close to the lake – with water clarity reaching 70 feet, you might have a panic attack the first time you go out on your boat or paddleboard. Nonetheless, being on the Nevada side of the lake is certainly advantageous on the tax front, not to mention putting you in close proximity to a trio of sad-looking Crystal Bay casinos (although the fries at the Biltmore are to die for!). 14 Crystal Bay Drive's all yours for $968,000.

? If your Lake Tahoe real estate search is revolving more around your skiing priorities than your summer hobbies, you'll undoubtedly be looking in and around Olympic Valley in order to be as close as possible to Squaw Valley – home of the most aggressive terrain in Tahoe and currently the venue for a massive redevelopment project. KSL is currently undergoing a $50 million investment in the mountain and is planning on radically expanding the base village as well. Luckily this 2,600 square foot A-frame is up on the hill opposing Squaw and away from the development madness (although still within walking distance of the slopes), and is currently selling for $995k. While the interior could use some updating, and 70's ski house architecture isn't for everyone, those looking for a cozy base to mount their ski assaults from will appreciate the two woodstoves, multiple decks, hot tub, and the garage that is connected to the house via a covered walkway. That'll seriously cut down on snow removal costs should Tahoe get slammed with a 500" winter.

? South Lake is a totally different scene and largely seperated from the northern end of Lake Tahoe; the lower-density housing and quiet downtowns spread along the shore are swapped out for a cluster of towering casinos, clubs, and golf courses, and both ends of the lake are seperated by miles of empty lake-side boulevards. You can walk everywhere you'd need to go, and while Heavenly might be one of the less-talked-about locales for turning an edge over, the smaller and less popular gems of Sierra-at-Tahoe and Kirkwood are within striking distance as well. The 1000 square-foot cabin on Lakeshore Boulevard has the advantage of being both lakeside with private beach and marina access, and still within walking distance of the Heavenly gondola and Edgewood Golf Course. The brick cabin packs two bedrooms with an additional loft, one full bath, a recently enclosed laundry room and a detached garage at $995,000. · Listing: 14 Crystal Bay Drive, Crystal Bay, NV [Tristan Roberts & Associates]
· Listing: 1281 Sandy Way, Olympic Valley, CA [Tristan Roberts & Associates]
· Listing: 4021 Lakeshore Boulevard, South Lake Tahoe, CA [Chase International/South Tahoe Realty]