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About This Property
TWO separate living spaces on large, landscaped lot!Discover a truly unique South Lake Tahoe property offering space, versatility, and endless possibilities! Situated on an expansive lot of over 1/3 of an acre, this beautifully landscaped, level property features a charming 928 square foot, 2-bedroom, 1-bath home, PLUS a separate three-car garage with an additional 660 square feet of bonus living space above.The outdoor setting is a private retreat, complete with a tranquil pond and beautiful waterfall, creating a peaceful mountain escape. The detached 3 car garage is a dream for car enthusiasts, hobbyists, and outdoor adventurers. This garage/shop space features a built-in air compressor, gas Reznor heater, engine hoist/pully system, and plenty of room for all your vehicles, toys, tools, and recreational gear.The spacious studio above the garage offers incredible flexibility for guests, a home office, creative space, or additional living possibilities. Studio space features a cozy fireplace, tastefully designed kitchen and an inviting steam shower. Whether you're looking for a full-time residence, vacation getaway, or a property with room to spread out, this one-of-a-kind offering is full of potential.Enjoy the best of Tahoe living with convenient access to nearby bike paths, beautiful beaches, restaurants, and all the recreation South Lake Tahoe has to offer. A rare combination of usable land, unique amenities, and versatile space makes this property a special opportunity!If you're looking for an even bigger compound or room to expand, the lot next door at 781 Eloise is also for sale! Listing #143629
Listing Details
Property History
Sale History · changed hands 1×
| Sold | Price | Listing agent (sell side) | Buyer agent (buy side) |
|---|---|---|---|
| May 2002 · county record | $185,000 | Deed record — brokerage sides not reported | |
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.
STR Investment Analysis
Red ZoneSTR Investment Summary — 779 Eloise Avenue, South Lake Tahoe
Land Coverage (TRPA)
Tahoe Regional Planning Agency impervious-coverage budget for this parcel
TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Existing coverage is TRPA's satellite estimate; allowed coverage uses TRPA's verified land class when one is on file, otherwise TRPA's estimate — data: TRPA GIS / Tahoe Open Data, LT Info. 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 comparesHome Insurance Estimate
California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup
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 costsCost Segregation Tax Savings
Estimated first-year bonus depreciation savings
