Sold $990,000 $1,099,000 Closed
1251 Margaret Avenue
South Lake Tahoe, CA 96150

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SOLD 2026-10-06
Sold for $990,000 (listed at $1,099,000)
3 Beds
·
2.5 Baths
·
1,825 Sq Ft
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About This Property

Completed in late 2023 by respected local builder Paul McGill, this meticulously crafted modern mountain home offers a rare combination of new construction, smart-home features, and effortless ownership within South Lake Tahoe City limits. Designed for today's lifestyle, the home delivers energy efficiency, quality craftsmanship, and low-maintenance living in one of South Lake Tahoe's most evolving residential areas.Clean architectural lines, vaulted ceilings, and a mountain contemporary design create a bright, open feel throughout. Negotiable curated furnishings and kitchenware from Pottery Barn, custom window dressings, and linens make the home feel immediately welcoming, for a smooth transition into ownership.Built with defensible space features and a passing certificate to support insurance requirements, this property reflects thoughtful planning for mountain living. Attached 2-car garage easily accommodates larger vehicles, ideal for year-round Tahoe access. Perfectly positioned next to a wooded vacant lot, the fully fenced yard with a custom privacy fence creating an ideal space for pets, children, entertaining, and relaxed outdoor living.Located in the up-and-coming neighborhood known as "The Y,'' the area continues to gain momentum with new local shops, improved amenities, and direct access to outdoor recreation. From the doorstep, enjoy nearby trail systems and an easy E-bike ride to Lake Tahoe and Kiva Beach, blending convenience with the best of Tahoe's natural setting.Set in a convenient South Lake Tahoe location, the home offers a quieter mountain setting during peak ski season while still being just minutes from Heavenly Mountain Resort.This allows for quick, easy access to the slopes without being in the center of resort traffic. An ideal balance of access and retreat, where ski days are effortless and home feels peaceful upon return.Surrounded by year-round recreation including skiing, hiking, biking, and lake activities, this property delivers a true Tahoe lifestyle. Enjoy the benefits of newer construction without the wait times, contractor coordination, renovation costs, or uncertainty often associated with older mountain properties.A rare opportunity combining elevated design in one exceptional Tahoe home positioned to enjoy nature while remaining close to favorite local coffee shops, breweries, bakeries, pizza spots, rock climbing gym, and the lake.

Listed by Jessica Crase — Compass

Listing Details

Status Closed
MLS # 142635
Sold Date 2026-10-06
Sold Price $990,000
Price/Sq Ft $602

Property History

Mar 26, 2026
Listed for sale
$1,249,000
Jul 15, 2026
Price reduced
$1,099,000 $1,199,000 ↓ $100,000
Sep 16, 2026
Pending
$1,099,000
Oct 06, 2026
Sold
$990,000

Sale History · changed hands 2×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Nov 2023 $875,000 Mark SalmonCompass Jessica M CraseCompass
Oct 2026 · this listing $990,000 (+13%) Jessica CraseCompass Trang TieuKeller Williams Silicon

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 2.5
Sq. Ft. 1,825
Lot Size 0.12 acres
Year Built 2023
Property Type Single Family Residence
Style Contemporary
Subdivision Unavail
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 032282017000
Parking
Garage Spaces 2
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Construction Wood Frame, Wood Siding
Roof Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas, Electric, Fireplace

STR Investment Summary — 1251 Margaret Avenue, 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: 76 / 100 (Luxury) · STR Zone: Red

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
181 sq ft covered of 1,254 sq ft allowed
1,073 sq ft of coverage still available to add.
Parcel Size
5,015 sq ft
Allowed Coverage
1,254 sq ft · 25%
Existing Coverage
181 sq ft · 4%
Addable Coverage
1,073 sq ft
IPES Score
871.0
Land Capability · TRPA-verified
IPES

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

$4,300 – $5,000/yr
about $388/mo
Est. Rebuild Cost (Coverage A)
$766,500
FAIR Plan (fire)
$3,600/yr
DIC wrap (theft, water, liability)
$700 – $1,400/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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Murat Gocmen
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CA DRE# 02235314 NV B.1003327.LLC

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