$1,249,000 Active
1251 Margaret Avenue
South Lake Tahoe, CA 96150
✓ STR Allowed — Permit Required
City of South Lake Tahoe requires a Vacation Home Rental (VHR) permit. Permits are available citywide.
3 Beds
·
2.5 Baths
·
1,825 Sq Ft
Virtual Tour

About This Property

Fully Furnished and Turnkey Ready! Completed in late 2023 by respected local builder Paul McGill, this meticulously crafted home offers a rare blend of modern mountain luxury, turnkey ease, smart-home amenities, and vacation rental potential within South Lake Tahoe city limits standing apart from surrounding older inventory that often requires costly updates and ongoing maintenance. Clean architectural lines, high-end finishes, vaulted ceilings, and a mountain contemporary aesthetic create a light-filled atmosphere throughout, while living areas on both levels offer effortless versatility for entertaining or hosting guests. Beautifully furnished throughout with curated Pottery Barn pieces and luxury linens, this home is offered move-in ready with furnishings negotiable for a seamless transition. Rental-ready and ideally positioned, it presents an opportunity as either a sophisticated second home or a high-demand vacation rental with income potential. The fully fenced backyard offers privacy and room to unwind, while the vacant lot directly behind enhances the sense of seclusion. A Generac generator provides dependable backup power throughout Tahoe's winter season. The attached 2-car garage accommodates large SUVs with ease. Surrounded by Tahoe's year-round natural beauty, the property offers easy access to world-class skiing, hiking, and lake recreation. Located in the highly sought-after neighborhood known as "The Y," the home is just minutes from Heavenly Mountain Resort and close to boutique fitness studios, craft breweries, artisan coffee, and everyday essentials. Spend your days at nearby Kiva Beach, then return to a location tucked away from casino-corridor traffic while remaining a short ride from Stateline and Heavenly Village. A rare offering that combines elevated design, turnkey ease, and Tahoe investment appeal.

Listed by Jessica Crase — Compass

Listing Details

Status Active
MLS # 142635
Days on Market 48
Sold Date 1800-01-01
Price/Sq Ft $684

Property History

Mar 25, 2026
Listed for sale
$1,249,000
Property Overview
Beds 3
Baths 2.5
Sq. Ft. 1,825
Lot Size 0.12 acres
Stories 2
Year Built 2023
Property Type Single Family Residence
Subdivision Unavail
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 032282017000
Parking
Garage Spaces 2
Parking Features 2.00
Attached Garage Yes
Exterior & Lot
Construction Wood Frame
Roof Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air,Natural Gas,Electric,Fireplace
Cooling Forced Air,Natural Gas,Electric,Fireplace
Financial
HOA / Community South Tahoe Association of Realtors
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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

STR Investment Summary — 1251 Margaret Avenue, South Lake Tahoe

Est. Annual Revenue
$39,725
Avg Nightly Rate
$424
Projected Occupancy
26.1%
Cap Rate
1.3%
Structural Score: 75 / 100 (Luxury) · STR Zone: Yellow

Based on comparable vacation rental performance data for South Lake Tahoe. Revenue projections are estimates and may vary.

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($249,800)
Home price
$1,249,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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