Sold $675,000 $699,000 Closed
769 Michael Drive
South Lake Tahoe, CA 96150
SOLD 2026-10-13
Sold for $675,000 (listed at $699,000)
3 Beds
·
2.0 Baths
·
1,344 Sq Ft

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About This Property

Welcome to 769 Michael Drive, a well-cared-for ranch-style home that has been lovingly maintained as a primary residence for 20 years. This inviting property features 3 bedrooms and 2 bathrooms, offering a comfortable, single-level layout suited for full-time living, weekend getaways, or a Tahoe retreat.A spacious two-car garage provides plenty of room for vehicles, outdoor gear, and additional storage. One of the home's most desirable features is its setting with no rear neighbors, creating added privacy and a more peaceful backyard atmosphere.Located just minutes from the shores of Lake Tahoe and a short drive from Heavenly Mountain Resort and Heavenly Village, this home puts year-round recreation, shopping, dining, and entertainment within easy reach. Its location in the neighborhood also provides eligibility to purchase a boat dock in the Tahoe Keys Marina, subject to availability. With its long-term pride of ownership, practical ranch-style design, private rear setting, and close proximity to the very best of Tahoe amenities, 769 Michal Drive is ready for its next chapter.

Listed by Peter Erdody — Chase International - South Lake Tahoe

Listing Details

Status Closed
MLS # 143438
Sold Date 2026-10-13
Sold Price $675,000
Price/Sq Ft $520

Property History

Sep 02, 2026
Listed for sale
$699,000
Sep 17, 2026
Pending
$699,000
Oct 13, 2026
Sold
$675,000

Sale History · changed hands 2×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Apr 1996 · county record $130,000 Deed record — brokerage sides not reported
Oct 2026 · this listing $675,000 (+419%) Peter ErdodyChase International - South Lake Tahoe John GaleaChase 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. 1,344
Lot Size 0.14 acres
Year Built 1976
Property Type Single Family Residence
Style Ranch
Subdivision Tahoe Island Park 4
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023745014000
Parking
Garage Spaces 2
Attached Garage Yes
Exterior & Lot
View Forest
Construction Wood Frame, Wood Siding
Roof Pitched, Asphalt, Shingle
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas, Fireplace
Financial
Seller's Annual Tax $2,387

STR Investment Summary — 769 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.
Structural Score: 64 / 100 (Premium) · STR Zone: Red

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
1,797 sq ft covered of 61 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
6,129 sq ft
Allowed Coverage
61 sq ft · 1%
Existing Coverage
1,797 sq ft · 29%
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

$3,100 – $3,600/yr
about $279/mo
Est. Rebuild Cost (Coverage A)
$564,480
FAIR Plan (fire)
$2,600/yr
DIC wrap (theft, water, liability)
$500 – $1,000/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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