Sold $700,000 $729,000 Closed
803 Michael Drive
South Lake Tahoe, CA 96150

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SOLD 2025-10-29
Sold for $700,000 (listed at $729,000)
3 Beds
·
2.0 Baths
·
1,196 Sq Ft

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About This Property

This home is in a one-of-a-kind location, offering a serene retreat with close proximity to adventure! Nestled in the peaceful and friendly Tahoe Island Park neighborhood, this immaculately kept single-level home backs up to the wooded Dunlap Ranch and is just steps away from the Upper Truckee River. The property boasts a quiet and private setting while maintaining convenient access to local attractions including the Tahoe Keys marina, Cove East Beach, bike trails, and Heavenly Ski Resort.The outdoor space truly shines with an expansive, beautiful back deck perfect for relaxation and entertainment. Imagine cozy summer or winter evenings spent around the gas firepit or soaking in the soothing spa, pine trees towering above you. The fully landscaped yard and an empty lot next door (not included) provides plenty of space to unwind or play.Step inside to discover a warm, inviting interior with ample natural light and views of the surrounding forest. The living room features a gas fireplace with stunning ledgestone hearth, a bay window, and a skylight that brings sunlight into the space. The modern kitchen features quartz countertops, rich alder cabinets, recessed lighting, a convenient breakfast bar for casual dining, and built-in wine storage.This three-bedroom, two-bathroom home offers comfortable living spaces throughout. The primary bedroom includes an en-suite bathroom and stunning forest views that create a peaceful atmosphere for rest and relaxation. The second bedroom is a perfect office or guest room, with its own private deck overlooking the endless open space behind the house. All three bedrooms are spacious with room for a king in the primary and queen beds in the other two bedrooms.Offered fully furnished, this home is move-in ready so you can immediately relax, unwind, and enjoy the outdoors, snuggle up to a warm fire indoors, or throw a party on the deck. The home is outfitted with smart features including Ring cameras, Wi-Fi controlled lights and thermostat, and a bear prevention system that will allow you remote peace of mind whether this is your vacation getaway or your permanent residence. The surrounding neighborhood provides a perfect balance of natural beauty and accessibility. Outdoor enthusiasts will appreciate the proximity to recreational activities while enjoying the quiet environment of this mountain community. This is a one-of-a-kind opportunity to embrace the Tahoe lifestyle in a thoughtfully designed home surrounded by natural beauty.

Listed by Brent Johnson — Chase International - South Lake Tahoe

Listing Details

Status Closed
MLS # 141759
Sold Date 2025-10-29
Sold Price $700,000
Price/Sq Ft $610

Property History

Jun 12, 2025
Listed for sale
$767,000
Current
Sold
$700,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,196
Lot Size 0.14 acres
Year Built 1965
Property Type Single Family Residence
Style Ranch
Subdivision Tahoe Island Park 4
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023745007000
Parking
Garage Spaces 2
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Spa/Hot Tub, Storage Shed
View Forest
Construction Wood Frame
Roof Pitched, Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas

STR Investment Summary — 803 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: 62 / 100 (Premium) · STR Zone: Red

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
2,394 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
6,123 sq ft
Allowed Coverage
61 sq ft · 1%
Existing Coverage
2,394 sq ft · 39%
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

$2,800 – $3,200/yr
about $250/mo
Est. Rebuild Cost (Coverage A)
$502,320
FAIR Plan (fire)
$2,300/yr
DIC wrap (theft, water, liability)
$500 – $900/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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