About This Property
Completed in late 2023 by respected local builder Paul McGill, this meticulously crafted modern mountain home offers a rare combination of new construction, smart-home features, and effortless ownership within South Lake Tahoe City limits. Designed for today's lifestyle, the home delivers energy efficiency, quality craftsmanship, and low-maintenance living in one of South Lake Tahoe's most evolving residential areas.Clean architectural lines, vaulted ceilings, and a mountain contemporary design create a bright, open feel throughout. Negotiable curated furnishings and kitchenware from Pottery Barn, custom window dressings, and linens make the home feel immediately welcoming, for a smooth transition into ownership.Built with defensible space features and a passing certificate to support insurance requirements, this property reflects thoughtful planning for mountain living. A Generac generator provides dependable backup power, and the attached 2-car garage easily accommodates larger vehicles, ideal for year-round Tahoe access. Perfectly positioned next to a wooded vacant lot, the fully fenced yard with a custom privacy fence creating an ideal space for pets, children, entertaining, and relaxed outdoor living.Located in the up-and-coming neighborhood known as "The Y,'' the area continues to gain momentum with new local shops, improved amenities, and direct access to outdoor recreation. From the doorstep, enjoy nearby trail systems and an easy E-bike ride to Lake Tahoe and Kiva Beach, blending convenience with the best of Tahoe's natural setting.Set in a convenient South Lake Tahoe location, the home offers a quieter mountain setting during peak ski season while still being just minutes from Heavenly Mountain Resort.This allows for quick, easy access to the slopes without being in the center of resort traffic. An ideal balance of access and retreat, where ski days are effortless and home feels peaceful upon return.Surrounded by year-round recreation including skiing, hiking, biking, and lake activities, this property delivers a true Tahoe lifestyle. Enjoy the benefits of newer construction without the wait times, contractor coordination, renovation costs, or uncertainty often associated with older mountain properties.A rare opportunity combining elevated design in one exceptional Tahoe home positioned to enjoy nature while remaining close to favorite local coffee shops, breweries, bakeries, pizza spots, rock climbing gym, and the lake.
Listing Details
Property History
Sale History · changed hands 1×
| Sold | Price | Listing agent (sell side) | Buyer agent (buy side) |
|---|---|---|---|
| Nov 2023 | $875,000 | Mark SalmonCompass | Jessica M CraseCompass |
MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed.
STR Investment Analysis
Permitted ZoneSTR Investment Summary — 1251 Margaret Avenue, South Lake Tahoe
Based on comparable vacation rental performance data for South Lake Tahoe. Revenue projections are estimates and may vary.
Land Coverage (TRPA)
Tahoe Regional Planning Agency impervious-coverage budget for this parcel
TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Estimated coverage — data: TRPA GIS / Tahoe Open Data. The only authoritative determination of coverage and land capability is a Land Capability Verification through TRPA; actual allowable coverage can differ due to verifications, transfers, banked coverage, or deed restrictions.
TRPA parcel fact sheet ↗Cost Segregation Tax Savings
Estimated first-year bonus depreciation savings
