Fully Furnished and Turnkey Ready! Completed in late 2023 by respected local builder Paul McGill, this meticulously crafted home offers a rare blend of modern mountain luxury, turnkey ease, smart-home amenities, and vacation rental potential within South Lake Tahoe city limits standing apart from surrounding older inventory that often requires costly updates and ongoing maintenance. Clean architectural lines, high-end finishes, vaulted ceilings, and a mountain contemporary aesthetic create a light-filled atmosphere throughout, while living areas on both levels offer effortless versatility for entertaining or hosting guests. Beautifully furnished throughout with curated Pottery Barn pieces and luxury linens, this home is offered move-in ready with furnishings negotiable for a seamless transition. Rental-ready and ideally positioned, it presents an opportunity as either a sophisticated second home or a high-demand vacation rental with income potential. The 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. The attached 2-car garage accommodates large SUVs with ease. Surrounded by Tahoe’s year-round natural beauty, the property offers easy access to world-class skiing, hiking, and lake recreation. Located in the highly sought-after neighborhood known as "The Y," the home is just minutes from Heavenly Mountain Resort and close to boutique fitness studios, craft breweries, artisan coffee, and everyday essentials. Spend your days at nearby Kiva Beach, then return to a location tucked away from casino-corridor traffic while remaining a short ride from Stateline and Heavenly Village. A rare offering that combines elevated design, turnkey ease, and 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
See this Listing
Schools
Interior
Exterior
Financial
Map
Community
- Address1251 Margaret Avenue South Lake Tahoe CA
- NeighborhoodY Area
- CitySouth Lake Tahoe
- CountyEl Dorado
- Zip Code96150
Market Summary
Current real estate data for Single Family in South Lake Tahoe as of May 14, 2026
145
Single Family Listed
93
Avg DOM
546
Avg $ / SqFt
$1,370,557
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 $546. The average listing price for Single Family in South Lake Tahoe is $1,370,557.
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Courtesy of Jessica Crase of Compass. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the South Tahoe Association of Realtors. Detailed information about real estate listings held by brokerage firms other than Ascent Property Group include the name of the listing broker. Neither the listing company nor Ascent Property Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. South Tahoe Association of Realtors. All rights reserved. 1251 Margaret Avenue
South Lake Tahoe, CA
