Sold $798,000 $824,000 Closed
741 Tahoe Island Drive
South Lake Tahoe, CA 96150

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SOLD 2025-11-07
Sold for $798,000 (listed at $824,000)
3 Beds
·
2.0 Baths
·
1,962 Sq Ft
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Our data on this home

About This Property

Discover this stunning single-level home situated on an expansive double lot spanning over 15,682 square feet in the desirable Tahoe Island Drive area. This recently updated residence offers three bedrooms and two bathrooms within 1,962 square feet of living space.The living area showcases a beautiful ledgestone gas fireplace, complemented by recessed lighting and laminate flooring that flows seamlessly throughout. Step onto the back deck to enjoy views of the huge level backyard, perfect for outdoor entertaining and recreation.The gourmet kitchen impresses with custom shaker-style cabinets, elegant quartz slab counters, and brand new stainless steel appliances including a gas range and beverage refrigerator. Adjacent to the kitchen, the dining room features distinctive pine tongue and groove pine ceilings that add rustic charm.The primary bedroom serves as a private retreat with an en suite bathroom featuring custom travertine, a modern stall shower, dual sink vanity, and updated fixtures throughout. Two additional guest bedrooms provide flexible space for family or visitors, served by a full bathroom with a relaxing jetted tub.Practical amenities include a spacious garage with a pull-through bay design offering abundant storage options. There is also space for parking a boat or an RV on the double lot. The location provides exceptional convenience, with easy access to the bike trail connecting to Pope Beach, Camp Richardson, and Fallen Leaf Lake. Outdoor enthusiasts will appreciate being just fifteen minutes from Heavenly Ski Resort, making this home ideal for year-round mountain living and recreation.

Listed by Brent Johnson — Chase International - South Lake Tahoe

Listing Details

Status Closed
MLS # 142090
Sold Date 2025-11-07
Sold Price $798,000
Price/Sq Ft $420

Property History

Aug 20, 2025
Listed for sale
$824,000
Current
Sold
$798,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,962
Lot Size 0.36 acres
Year Built 1957
Property Type Single Family Residence
Style Ranch
Subdivision Unavail
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023642002000
Parking
Garage Spaces 2
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Construction Wood Frame
Roof Pitched, Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas

STR Investment Summary — 741 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: 67 / 100 (Premium) · STR Zone: Red

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
1,548 sq ft covered of 443 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
7,817 sq ft
Allowed Coverage
443 sq ft · 6%
Existing Coverage
1,548 sq ft · 20%
Addable Coverage
0 sq ft
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

$4,600 – $5,300/yr
about $412/mo
Est. Rebuild Cost (Coverage A)
$824,040
FAIR Plan (fire)
$3,800/yr
DIC wrap (theft, water, liability)
$800 – $1,500/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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