$660,000 Closed
768 Michael Drive
South Lake Tahoe, CA 96150
SOLD 2026-09-15
Sold for $645,000 (listed at $660,000)
3 Beds
·
2.0 Baths
·
1,364 Sq Ft
Virtual Tour

About This Property

Welcome to this beautifully maintained, single-level mountain home situated on a sunny corner lot in one of South Lake Tahoe's desirable neighborhoods. Offering 3 bedrooms, 2 bathrooms, and an inviting open floor plan, this home blends Tahoe charm with everyday comfort.The spacious living area features vaulted ceilings, abundant natural light, and a cozy fireplace, creating the perfect space to relax after a day on the lake or the slopes. The thoughtfully designed kitchen offers generous workspace, quality finishes, and a large center island that opens to the dining and living areasideal for entertaining family and friends.The primary suite provides a private retreat with an en-suite bath, while two additional bedrooms offer flexibility for guests, a home office, or family living. Outside, enjoy the level, landscaped corner lot with mature trees, a paver driveway, and plenty of room to enjoy Tahoe's outdoor lifestyle.Conveniently located just minutes from Lake Tahoe, beaches, hiking and biking trails, Heavenly Ski Resort, shopping, dining, and all that South Lake Tahoe has to offer, this home is perfect as a primary residence, vacation getaway, or investment opportunity.Experience the best of Tahoe living at 768 Michael Drive.

Listed by Tiffany Grimes — Mountain Luxury Properties

Listing Details

Status Closed
MLS # 143173
Sold Date 2026-09-15
Sold Price $645,000
Price/Sq Ft $484

Property History

Jul 17, 2026
Listed for sale
$725,000
Aug 06, 2026
Price reduced
$715,000 $725,000 ↓ $10,000
Aug 17, 2026
Price reduced
$690,000 $715,000 ↓ $25,000
Aug 19, 2026
Price reduced
$660,000 $690,000 ↓ $30,000
Sep 02, 2026
Pending
$660,000
Sep 16, 2026
Sold
$645,000

Sale History · changed hands 2×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jul 2020 · county record $442,000 Deed record — brokerage sides not reported
Sep 2026 · this listing $645,000 (+46%) Tiffany GrimesMountain Luxury Properties Jennifer A FortuneChase International - South Lake Tahoe

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,364
Lot Size 0.14 acres
Year Built 1978
Property Type Single Family Residence
Style Other/See Remarks
Subdivision Tahoe Island Park 4
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023744032000
Parking
Garage Spaces 2
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Spa/Hot Tub
View None
Construction Wood Frame
Roof Composition
Foundation Concrete/Crawl Space
Pool & Spa
Pool No
Utilities & Systems
Heating Forced Air, Fireplace
Financial
HOA Fee $50 / Annually
HOA & Community
Community Amenities Beach

STR Investment Summary — 768 Michael 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.
Est. Gross Annual Revenue
$30K – $50K
typically ~$40,000
Avg Nightly Rate
$213
Projected Occupancy
51.4%
Cap Rate
2.4%
Structural Score: 52 / 100 (Standard) · STR Zone: Red

Based on comparable vacation rental performance data for South Lake Tahoe. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
1,248 sq ft covered of 60 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
6,013 sq ft
Allowed Coverage
60 sq ft · 1%
Existing Coverage
1,248 sq ft · 21%
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 ↗
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