Located just a few miles away from beautiful Lake Shasta is the city of Shasta Lake. Real Estate first developed in this area as housing for employees and their families who were building the Dam in 1938. Today a community of more than 10,000 residents enjoy some of the best lake and mountain views Northern California has to offer. The real estate market in Shasta Lake today really does have something for everyone; from small get-away cabins to luxury homes. Camping, fishing, boating, and hiking are staples for locals and vacationers alike. Shasta Lake is included in the Gateway Unified School District with five schools located right in town.