About This Property
Bring Your Vision and Your Toolbox to One of South Lake Tahoe's Most Promising Value Opportunities. Located in the popular Bijou neighborhood, this property offers the rare combination of an outstanding location, a functional single-level floor plan, and exceptional potential for future equity growth. Just minutes from the shores of Lake Tahoe, Heavenly Mountain Resort, Van Sickle Bi-State Park, shopping, dining, and year-round recreation, this home presents an exciting opportunity to create something truly special.Situated on a sunny 7,405-square-foot lot, this single-level home of approximately 1,450 square feet features three bedrooms, two full bathrooms, and a versatile floor plan ready for your personal vision. Natural sunlight fills the home throughout the day, creating a bright and welcoming atmosphere.Just off the entry, a spacious bonus room offers exceptional flexibility as a family room, media room, home office, recreation room, or hobby space. The laundry area is conveniently located within this wing of the home, creating a functional separation from the main living areas.The kitchen is filled with natural light from an overhead skylight and is equipped with a Viking range, abundant cabinetry, and generous workspace for meal preparation and entertaining. The adjoining living room is centered around a classic open wood-burning fireplace, creating the perfect gathering place after a day exploring Lake Tahoe. The primary suite features an ensuite bath complete with built-in drawer storage for added convenience and organization.A portion of the attached two-car garage has been converted into a dining nook, creating additional living space. Buyers are encouraged to satisfy themselves regarding permits, square footage, and the intended use of the converted area.A newer roof provides added peace of mind, while much of the interior is ready for updating. Original finishes, including older carpet in the living room, older backyard deck, bath remodel and deferred maintenance present an outstanding opportunity to renovate according to your own style while building immediate equity in a quiet neighborhood. Tastefully prepared virtual renderings are available to help buyers envision the remarkable potential this home offers following thoughtful renovations.This is a probate sale and is being sold As Is. With comparable updated homes in the area commanding significantly higher prices, this property represents an exceptional opportunity to create equity through thoughtful improvements. Whether you're searching for a primary residence, a mountain retreat, or an investment opportunity, this home offers the chance to transform a solid property into something truly exceptional.
Listing Details
Property History
STR Investment Analysis
Permitted ZoneSTR Investment Summary — 3529 Ferndale Avenue, South Lake Tahoe
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