Sold $940,000 $1,050,000 Closed
3780 Stewart Way
South Lake Tahoe, CA 96150

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SOLD 2025-12-08
Sold for $940,000 (listed at $1,050,000)
7 Beds
·
3,948 Sq Ft

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It sold for $940,000 on 2025-12-08, and prices have moved since. Three boxes: leave your number and Murat calls you with what it would sell for today, priced from the latest closed sales nearby.

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About This Property

Introducing 3780 Stewart Way, a fully occupied 6-unit multi-family property situated in the heart of South Lake Tahoe's Stateline neighborhood. Listed at $1,050,000, this investment opportunity offers immediate and consistent cash flow in a high-demand rental market.The building is ideally located just minutes from Heavenly Ski Resort, the Stateline casinos, shopping, restaurants, and Lake Tahoe's world-famous beaches, making it a sought-after location for year-round tenants.Each unit is fully occupied with full time tenants. This well-maintained property sits on a level lot with ample parking, offering long-term potential for rental growth or value-add improvements. With South Lake Tahoe's continued demand for housing, this is a rare chance to own a multi-family asset in one of the region's most strategic and high-traffic locations.Whether you're looking to expand your portfolio or secure a foothold in the Tahoe market, 3780 Stewart Way delivers strong fundamentals, location, and occupancy.

Listed by Michelle Blue-Benedict — Berkshire Hathaway Home Services Drysdale Properties - South Lake Tahoe

Listing Details

Status Closed
MLS # 142019
Sold Date 2025-12-08
Sold Price $940,000
Price/Sq Ft $266

Property History

Jul 28, 2025
Listed for sale
$1,050,000
Current
Sold
$940,000
Property Overview
Beds 7
Sq. Ft. 3,948
Lot Size 0.23 acres
Year Built 1957
Property Type MLF
Subdivision Unavail
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 028043002000
Parking
Total Parking 10
Exterior & Lot
Construction Wood Frame
Roof Composition
Foundation Slab
Utilities & Systems
Heating Wall or Space Heater
Cooling Other/See Remarks

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
4,524 sq ft covered of 2,457 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
9,826 sq ft
Allowed Coverage
2,457 sq ft · 25%
Existing Coverage
4,524 sq ft · 46%
Addable Coverage
0 sq ft
Existing Units
6

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

$9,200 – $10,800/yr
about $833/mo
Est. Rebuild Cost (Coverage A)
$1,658,160
FAIR Plan (fire)
$7,700/yr
DIC wrap (theft, water, liability)
$1,500 – $3,100/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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