Sold $500,000 $499,000 Closed
1987 Osage Circle
South Lake Tahoe, CA 96150

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SOLD 2026-05-04
Sold for $500,000 (listed at $499,000)
2 Beds
·
1.0 Baths
·
1,128 Sq Ft

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Our data on this home

About This Property

Tucked away in a quiet South Lake Tahoe neighborhood, this beautifully maintained 2-bedroom, 1-bath A-frame offers the perfect blend of charm, comfort, and mountain living. Pride of ownership shines throughout, with the home kept in exceptional condition and move-in ready. The functional layout features a kitchen that overlooks the living room, creating an open, connected feel that's perfect for entertaining or relaxing. The living area is warm and inviting, highlighted by a cozy gas fireplace, ideal for those crisp Tahoe evenings. A wall of front-facing windows fills the home with natural light and brings the outdoors in, enhancing that classic A-frame feel. The bathroom is surprisingly spacious, adding to the home's overall comfort and livability. Situated on a large lot, the property offers a fully fenced backyard with a storage shed, providing plenty of room for outdoor enjoyment, pets, or extra storage for all your Tahoe gear. Out front, a charming deck area sets the stage for morning coffee or unwinding after a day on the lake or slopes. This well-kept A-frame delivers both character and convenience in a peaceful setting close to everything South Lake Tahoe has to offer.

Listed by Megan Blackwell — Amen Real Estate

Listing Details

Status Closed
MLS # 142632
Sold Date 2026-05-04
Sold Price $500,000
Price/Sq Ft $442

Property History

Mar 24, 2026
Listed for sale
$499,000
Current
Sold
$500,000
Property Overview
Beds 2
Baths 1.0
Sq. Ft. 1,128
Lot Size 0.23 acres
Year Built 1977
Property Type Single Family Residence
Subdivision Tahoe Paradise 45
County El Dorado
STR Jurisdiction El Dorado County
APN 034663001000
Parking
Parking Features 0.00
Financial
HOA / Community South Tahoe Association of Realtors

STR Investment Summary — 1987 Osage Circle, South Lake Tahoe

No revenue projection. Short-term rental permits are not currently obtainable here — the local jurisdiction has reached its permit cap or is waitlisting all new applications.
Structural Score: 52 / 100 (Standard) · STR Zone: Red

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
776 sq ft covered of 809 sq ft allowed
33 sq ft of coverage still available to add.
Parcel Size
10,108 sq ft
Allowed Coverage
809 sq ft · 8%
Existing Coverage
776 sq ft · 8%
Addable Coverage
33 sq ft
Land Capability · TRPA-verified
4
Existing Units
1

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 compares

Home Insurance Estimate

California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup

$2,600 – $3,100/yr
about $238/mo
Est. Rebuild Cost (Coverage A)
$473,760
FAIR Plan (fire)
$2,200/yr
DIC wrap (theft, water, liability)
$400 – $900/yr

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 costs
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