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It sold for $1,445,000 on 2026-05-01, and prices have moved since. Three boxes: leave your number and Murat calls you with what it would sell for today, priced from the latest closed sales nearby.
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About This Property
An incredible investment opportunity in the heart of South Lake Tahoe! With two separate living quarters, this custom home sits in the Al Tahoe neighborhood where you can walk just a few blocks to the beach, many restaurants and shops or hop on the bike path to get around town. Upstairs is the main living quarters with a beautiful kitchen, large living space with vaulted ceilings and a deck out back with a hot tub and easy access to the fenced and landscaped backyard, three bedrooms, including a spacious primary suite, a full bath and laundry. Downstairs is a separate lock-off unit with access inside and outside of the home that has been used by the current owner as a great source of income. This space has a living room, kitchen (minus a stove), two bedrooms, a full bathroom, its own laundry and side yard. Other features include stunning Brazilian cherry wood floors, two fireplaces, furnaces and water heaters, an oversized two car garage, security cameras around the home and it's a smart house that can be controlled from anywhere - including heat tape, doors, lights, etc. Just minutes to world-class-skiing, the casinos and all that South Shore has to offer - with so many possibilities, this is the home you've been waiting for!
Listing Details
Property History
STR Investment Summary — 962 Modesto 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. 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 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 costs
