1259 Bonanza Avenue South Lake Tahoe CA 96150 MLS #142826

Flexible Dual-Living Tahoe Retreat on a Rare One-Acre Lot!Tucked among the pines in South Lake Tahoe, this unique duplex-style property sits on a rare and level one-acre parcel, offering exceptional flexibility for full-time living, multi-generational use, or long-term rental income.Each unit features 2 bedrooms, 2 bathrooms, and a spacious loft area, providing versatile space that can be used as additional sleeping quarters, a home office, or a bonus living area. One of the lofts includes a second living space with a wood-burning stove, bunk bed area, and access to a private deck, creating a cozy mountain retreat perfect for guests or extended family.The living areas feature vaulted ceilings and knotty pine paneling, giving the homes an authentic Tahoe cabin feel. Both kitchens offer gas ranges, built-in dishwashers, and wood cabinetry, while practical upgrades include natural gas hydronic heating systems, dual-pane windows, and laundry hook-ups in each unit (with a washer and dryer included in one unit).The property is accessed through a gated driveway with ample parking for multiple vehicles, boats, or recreational gear, making it well suited for the Lake Tahoe lifestyle. The expansive lot offers privacy and space rarely found this close to town, while still providing easy access to shopping, transportation, outdoor recreation, and the lake.This layout is ideal for a variety of uses, including: Living in one unit while renting the other Multi-generational living or shared ownership A flexible work-from-Tahoe lifestyle with separate living spacesFor buyers looking toward future possibilities, the adjacent vacant parcel at 1258 Emerald Bay Road is also available for purchase, potentially expanding the property to a full two acres.Whether you’re seeking a peaceful mountain retreat, a flexible living arrangement, or a property with long-term income potential, this rare South Lake Tahoe duplex offers versatility, privacy, and opportunity in one of Tahoe’s most desirable settings.