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1251 Margaret Avenue South Lake Tahoe CA 96150 MLS #142635

1251 Margaret Avenue
South Lake Tahoe, CA, 96150
$1,249,000
3 Beds
2.5 Baths
1,825 SqFt
0.12 Acres
MLS #142635 image #0
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.

Property Details

Price:
$1,249,000
MLS #:
142635
Status:
Active
Beds:
3
Baths:
2.5
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
yarea
Listed Date:
Mar 25, 2026
Finished Sq Ft:
1,825
Lot Size:
5,227 sqft / 0.12 acres (approx)
Year Built:
2023
AttachedYarea

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Market Summary

Current real estate data for Single Family in South Lake Tahoe as of Mar 27, 2026
111
Single Family Listed
114
Avg DOM
558
Avg $ / SqFt
$1,466,739
Avg List Price

Property Summary

    1251 Margaret Avenue South Lake Tahoe CA is a Single Family for sale in South Lake Tahoe, CA, 96150. It is listed for $1,249,000 and features 3 beds, 3 baths, and has approximately 1,825 square feet of living space, and was originally constructed in 2023. The current price per square foot is $684. The average price per square foot for Single Family listings in South Lake Tahoe is $558. The average listing price for Single Family in South Lake Tahoe is $1,466,739.

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