Tahoe Vista, California 96148
North Shore Lake Tahoe, California
The Franciscan Condominium Development is a small-medium sized lakefront complex on the North Shore of Lake Tahoe in the Tahoe Vista, California community.
See Franciscan Condos listed for sale here:
The Franciscan Lakeside condominium development has an interesting history. The complex was originally built in the 1960’s-1970’s.
It was originally developed as a motel and you’ll see that in the building design.
Later it was converted into a motel cooperative, and most recently the units changed their legal status into a condominium development.
The Franciscan Lakeside Lodge has approximately sixty-three (63) units with eleven (11) lakefront units.
The complex is located in three separate area with two lakefront locations and one mountain-side area.
Half of the units are located on the lakeside of Highway 28 (lakefront side – two locations) and the other half of the units are located on the non-lakefront area, or mountain-side/pool-side of Highway 28/complex.
In real numbers this works out to be approximately thirty-three (33) lake-side units and thirty (30) units are located on the mountain-side (non-lakefront portion of the development).
Most of the units in the complex are smaller, with 85% of the units being either a studio unit, or a one (1) bedroom floor plan.
There are only seven (7) two (2) bedroom floor plans, and one (1) four (4) bedroom unit in the development.
Regardless of where you unit is located at all of the lakefront and recreational amenities in the development are available to all owners.
If you are considering buying a condo in The Franciscan, buyers should know there are unit usage restrictions, and your purchase will most likely need to be all cash.
Full-time occupancy is not permitted, only vacation, or part-time owners, as owners are limited to using their units to fourteen (14) consecutive days at a time. See HOA rules for more details on owner use.
The Franciscan complex has an on-site vacation rental desk on the property.
Owners are not required to be on the vacation rental program, but if they vacation rent their unit, they need to use the on-site property manager.
- Lakefront Development with two lakefront areas units/location and one non-lakefront area (across Hwy 28) units/location
- Seasonal Heated Pool (Summer Use)
- Buoy Access | HOA has sixteen (16) buoys. See HOA rules for more information on use and access.
- Sandy Beach
- Club House Room
- Picnic – BBQ Area
- Playground Equipment
- Volleyball Area
- 63 Units in the complex
- Eleven (11) Lakefront Condos
- Thirty-Three (33) Lakeside Units (includes the lakefront units)
- Thirty (30) Non-lake side Units
- Variety of Settings:
- Lake View Condos
- Non-lakefront Location Units with a Forest/Garden/Meadow Condos
- Floor Plans and Layouts
- Studio | 32 Units
- One (1) Bedroom | 23 Units
- Two (2) Bedrooms | 7 Units
- Four (4) Bedrooms | 1 Unit
- Many Units are Ground Level and Offer Single Floor Living
- Fourteen (14) Units are detached and are free-standing cabin/units
- Development is approximately +/- 3 Acres per Placer County Records
- Built-in: Built between 1966 – 1973
- Located in Placer County
- Property Type: Condominium
- Occupancy/Usage Restrictions: Cannot be occupied by a full-time resident, apply to all owners. Owners are restricted to only being able to use the unit 14 consecutive days in a row (zoning restriction). Use is intended for vacation or rental use only.
- Owners do not have to be on the vacation rental program, but if you want to rent out your unit you must use the on-site program.
- Pets: Owners who participate in the on-site Vacation Rental Program are prohibited from having any pets in their units. Those owners that want to have a pet on-site must follow the HOA rules and are severely restricted.
- The Franciscan HOA can restrict the reconstruction and remodeling of units.
- HOA Fee Includes: Water, Electrical, Gas, Sewer, Trash, Internet, Cable, Snow Removal, Insurance, Property Maintenance. Monthly HOA fees are subject to change and owners need to be prepared for annual expenses to increase.
- HOA Fees:
- Unit Fees vary based upon the actual square footage/floor plan of the unit (For the Year 2020):
- Studio Unit: Monthly HOA fee was approximately: $563/month
- One (1) Bedroom Unit: Monthly HOA fee was approximately: $845/month
- Two (2) Bedroom Unit: Monthly HOA fee was approximately: $1,126/month
- HOA Special Assessment ending March 2017 was extended and may still be in place in 2020. This special assessment will vary by the size of the unit.
- The monthly assessment ranges from
- $84/month (studio)
- $127/month (1 bedroom)
- $169/month (2+bedrooms).
- Doc Prep Fee when ownership changes: $150
- Owners are responsible for paying their own property taxes, which are billed separately from the county.
- Financing options may be limited, or not available. Buyers need to be prepared for a cash sale because of the occupancy restrictions and because development would be considered a condo-hotel.
Search the entire North Lake Tahoe area by Map, starting with the Franciscan area here:
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North Shore Lake Tahoe Condos Listings for Sale:
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Franciscan Condominium Development