1259 Bonanza Avenue South Lake Tahoe CA 96150 MLS #142287

Discover investment potential with this duplex located on an expansive and rare one-acre level lot in the heart of South Lake Tahoe. This unique property offers the perfect blend of mountain living and rental income opportunities, making it an ideal choice for investors or owner-occupants seeking additional revenue streams.Each unit features two comfortable bedrooms, two full bathrooms, and a spacious 3rd-story loft, perfect for a home office or additional sleeping area. The loft in Unit B features a wood-burning stove in a second living room with a side bunk bed area and access to a second deck. The inviting living areas showcase beautiful knotty pine paneling and vaulted ceilings that create an authentic mountain cabin atmosphere. Step outside onto the large front deck and enjoy peaceful views of the surrounding wooded landscape.The kitchens feature built-in dishwashers, gas ranges, and wood cabinetry that complements the rustic charm throughout. Modern conveniences include natural gas hydronic heating systems, energy-efficient dual-pane windows, and laundry hook-ups in each unit. Unit A even comes with a washer and dryer. The gated driveway provides abundant parking space for multiple vehicles, boats, or recreational vehicles, accommodating the active Lake Tahoe lifestyle. The property’s central location offers easy access to shopping centers, public transportation, and the stunning lake itself.For those dreaming bigger, the adjacent vacant lot is owned by the same sellers located at 1258 Emerald Bay Road and is also available for purchase, potentially doubling your acreage to two full acres and opening doors to exciting development possibilities. Whether you’re seeking a mountain retreat with income potential or a savvy investment opportunity, this duplex delivers both charm and financial promise in one of California’s most desirable destinations.