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About This Property
This expansive 11,531 square foot lot, zoned for multi-family use, offers incredible potential and numerous opportunities. Situated in a desirable neighborhood, it's just a short drive from Heavenly Ski Resort, shopping centers, and public transportation.The two existing cabins have been thoughtfully updated, featuring new double-pane windows, flooring, carpeting, and modernized kitchens and bathrooms. Unit 1 boasts a spacious 1-bedroom, 1-bathroom layout, currently rented for $1,650. Unit 2, also a 1-bedroom, 1-bathroom unit, comes with a bonus loft space and in-unit washer/dryer, and is rented at $1,500. The property has a single water and sewer bill, while each unit has its own electric meter for separate billing.A land survey conducted in 2006 indicates 5,975 square feet of existing land coverage, which includes a compact dirt driveway. The property also comes with additional allocation and a Residential Unit of Use (RUU), allowing the new owner the option to demolish the current structures and construct large townhouse-style duplexes. Alternatively, the seller has plans in place to maintain Unit 2 as an Accessory Dwelling Unit (ADU) while building a sizable single-family home.This property is brimming with potential, presenting various options to transform it into a fantastic family residence or a lucrative investment opportunity in the heart of South Lake Tahoe!
Listing Details
Property History
Sale History · changed hands 1×
| Sold | Price | Listing agent (sell side) | Buyer agent (buy side) |
|---|---|---|---|
| Nov 2023 | $330,000 | Madeleine GutierrezColdwell Banker Select - LTB | Mark DobsonColdwell Banker Select - LTB |
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; rows marked via a listing site fill the years the feed misses using that site's public sale record.
STR Investment Analysis
Red ZoneSTR Investment Summary — 1357 Susie Lake Road, South Lake Tahoe
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 ↗ How the Basin comparesHome Insurance Estimate
California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup
Estimate from this ZIP's California FAIR Plan rates (Plan data as of 6/30/2026, with the 29.1% increase effective 10/15/2026) on an estimated rebuild cost, plus a DIC policy at 20–40% of the FAIR premium. Not a bindable quote; a local broker quote depends on the home's age, roof, defensible space and claims history.
See it in the monthly payment Tahoe wildfire insurance costsCost Segregation Tax Savings
Estimated first-year bonus depreciation savings
