Income Opportunity + Prime Heavenly LocationExceptional investment opportunity at the base of Heavenly Ski Resort! This well-maintained duplex features two remodeled 2-bedroom, 1-bath units, each offering approximately 820 square feet of comfortable mountain living in one of South Lake Tahoe’s most desirable locations.Just blocks from Stateline, Ski Run Boulevard, renowned beaches, dining, nightlife, and year-round recreation, this property places the very best of the Tahoe lifestyle right at your doorstep. Whether you’re seeking strong rental income, a vacation retreat with supplemental income, or the flexibility to occupy one unit while renting the other, this property offers outstanding versatility and value.Set on a sunny, generously sized parcel, residents can enjoy Tahoe’s four-season beauty from the inviting front porch or private rear balcony spaces. Additional amenities include a shared two-car carport at street level, terraced outdoor areas, and a lower-level common space featuring laundry hookups and abundant storage.Rarely does an opportunity combine location, income potential, and lifestyle quite like this. Enjoy the benefits of ownership in a prime Tahoe setting just minutes from skiing, beaches, casinos, hiking, biking, and everything that makes Lake Tahoe such an extraordinary place to live and invest.Live in one, rent the other or maximize income potential in this high-demand Heavenly neighborhood. Opportunities like this are increasingly hard to find.
Property Details
Price:
$597,900
MLS #:
142933
Status:
Active Pending
Baths:
0
Type:
Multi Family
Subtype:
Duplex
Neighborhood:
heavenlyvalley
Listed Date:
May 19, 2026
Finished Sq Ft:
1,664
Lot Size:
6,100 sqft / 0.14 acres (approx)
Year Built:
1961
See this Listing
Schools
Interior
Exterior
Financial
Map
Community
- Address3761 Ruby Way South Lake Tahoe CA
- NeighborhoodHeavenly Valley
- CitySouth Lake Tahoe
- CountyEl Dorado
- Zip Code96150
Market Summary
Current real estate data for Multi Family in South Lake Tahoe as of May 31, 2026
23
Multi Family Listed
94
Avg DOM
421
Avg $ / SqFt
$866,989
Avg List Price
Property Summary
- 3761 Ruby Way South Lake Tahoe CA is a Multi Family for sale in South Lake Tahoe, CA, 96150. It is listed for $597,900
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Courtesy of Bret Howard of Berkshire Hathaway HS – SLT. 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. 3761 Ruby Way
South Lake Tahoe, CA
