$1,249,000
1251 Margaret Avenue
South Lake Tahoe, CA 96150
✓ STR Allowed — Permit Required
City of South Lake Tahoe requires a Vacation Home Rental (VHR) permit. Permits are available citywide.
3 Beds
·
2.5 Baths
·
1,825 Sq Ft
·
5227 Lot
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About This Property

Completed in late 2023 by respected local builder Paul McGill, this meticulously crafted home offers a rare blend of modern mountain luxury, turnkey ease, and exceptional vacation rental and investment potential within South Lake Tahoe citylimits.Clean architectural lines, high-end finishes, a modern mountain contemporary aesthetic, and vaulted ceilings create a light-filled, inviting atmosphere throughout. Thoughtfully designed with living areas on both the upper and lower levels, the home offers effortless versatility for entertaining, unwinding, or hosting guests in comfort.Beautifully furnished with curated Pottery Barn pieces, luxury linens, and serveware, this truly turnkey home is offered move-in ready with furnishings negotiable for a seamless transition. Rental-ready and ideally positioned, it presents a compelling opportunity as either a sophisticated second home or a high-demand vacation rental with income potential.The spacious fully fenced backyard offers privacy and room to unwind, while the vacant lot directly behind enhances the sense of seclusion. A Generac generator provides dependable backup power throughout Tahoe's winter season, adding peace of mind to this thoughtfully appointed property. The attached 2-car garage is generously sized to accommodate large SUVs, offering everyday convenience and practicality.Surrounded by Tahoe's year-round natural beauty, the property offers easy access to nearby hiking trails and outdoor recreation, creating a seamless connection to the landscape and lifestyle that define this mountain destination. Located in the highly sought-after neighborhood known as The Y,'' where convenience and lifestyle come together, the home is just minutes from Heavenly Mountain Resort and close to boutique fitness studios, craft breweries, artisan coffee, restaurants, and everyday essentials. Spend your days along the shores of Lake Tahoe at nearby Kiva Beach, then return to the ease of a location that feels tucked away from the heavier casino- corridor traffic while remaining just a short ride from the dining and entertainment of Stateline and Heavenly Village.A rare offering, this beautifully furnished, rental-ready mountain retreat combines elevated design, turnkey ease, and exceptional Tahoe investment appeal.

Listed by Jessica Crase — Compass

Listing Details

Status Active
MLS # 142635
Sold Date 1800-01-01
Price/Sq Ft $684

Property History

Mar 25, 2026
Listed for sale
$1,249,000
Property Overview
Beds 3
Baths 2.5
Sq. Ft. 1,825
Lot Size 0.12 acres
Stories 2
Year Built 2023
Property Type Single Family Residence
Subdivision Unavail
APN 032282017000
Parking
Garage Spaces 2
Parking Features 2.00
Attached Garage Yes
Exterior & Lot
Construction Wood Frame
Roof Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air,Natural Gas,Electric,Fireplace
Cooling Forced Air,Natural Gas,Electric,Fireplace
Financial
HOA / Community South Tahoe Association of Realtors
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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($249,800)
Home price
$1,249,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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