Sold $798,000 $835,000 Closed
724 Tahoe Island Drive
South Lake Tahoe, CA 96150

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SOLD 2025-12-31
Sold for $798,000 (listed at $835,000)
4 Beds
·
3.0 Baths
·
2,498 Sq Ft

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It sold for $798,000 on 2025-12-31, 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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Our data on this home

About This Property

Start making Tahoe memories in the Best priced home in the Preferred neighborhood, Tahoe Island Drive!Don't miss this opportunity to make this beloved home yours. Experience public beaches a short distance away via the popular Pope-Baldwin bike path. Don't forget to bring your fishing pole and explore the forested land that backs up to Lake Tallac a block away.Heavenly Ski Resort is a short drive as well as Kirkwood and Sierra at Tahoe can be reached in 30-45 minutesThis cherished home has been enjoyed by the same family for several decades. An addition and updating created 2 primary suites, one upstairs with a fantastic large jacuzzi and one down stairs with a brand New beautiful bathroom.A centrally located kitchen serves the dining room between 2 living rooms both with gas fireplaces.There is room for all with 4 bedrooms and 3 full baths.Be the lucky family that benefits from this Excellent Value!Come take a look today, you won't be disappointed!!

Listed by Jana Nelson — Compass

Listing Details

Status Closed
MLS # 142172
Sold Date 2025-12-31
Sold Price $798,000
Price/Sq Ft $334

Property History

Sep 10, 2025
Listed for sale
$849,000
Current
Sold
$798,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 2,498
Lot Size 0.19 acres
Year Built 1966
Property Type Single Family Residence
Style Contemporary
Subdivision Unavail
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023644006000
Parking
Garage Spaces 2
Parking Features RV Access/Parking
Attached Garage Yes
Exterior & Lot
Exterior Features Storage Shed
Construction Wood Frame, Wood Siding
Roof Pitched, Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas, Fireplace

STR Investment Summary — 724 Tahoe Island Drive, 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: 57 / 100 (Premium) · STR Zone: Red

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
2,992 sq ft covered of 2,281 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
8,173 sq ft
Allowed Coverage
2,281 sq ft · 28%
Existing Coverage
2,992 sq ft · 37%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
1b
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

$5,900 – $6,900/yr
about $533/mo
Est. Rebuild Cost (Coverage A)
$1,049,160
FAIR Plan (fire)
$4,900/yr
DIC wrap (theft, water, liability)
$1,000 – $2,000/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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