For Sale12d on market
1251 Margaret Ave
South Lake Tahoe, CA, 96150 • 96150 • El Dorado County
$1,249,000
$684/sqft
Down payment assistance available
3Beds
3Baths
1,825Sqft
0.12 acLot
2023Built
Property DNA
Unavail
96150
Outdoor Living
Deck
1 Fireplace
Gas · Insert
2-Car Garage
Attached · Garage Door Opener
This home is in high demand
Listed 12 days ago · 1,369 views · 56 saves · Top 3% likely to sell soon
Market activity
Demand and pricing signals for this listing
1,369 views
People checking out this listing
56 saves
Buyers have saved this home
12 days on market
Recently listed
$684/sqft
Price per square foot
Selling Soon Prediction
Very HighThis home ranks in the top 3% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Single Family · Built 2023
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.
Standout features identified
Our analysis highlights spacious fully fenced backyard, modern mountain luxury, and clean architectural lines as key attractions of this home.
Estimated monthly payment
Based on current rates
$7,885/month
Principal & Interest$6,220
Property Tax$1,249
Insurance$416
Down payment20% ($249,800)
3%50%
Est. 6.35% rate · 30yr fixed · $999,200 loan
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At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built2023
HeatingForced Air, Natural Gas, Electric, Fireplace(s)
Parking2 Attached Garage spaces
Lot5,227 sqft
Days on Zillow12 Days
Price/sqft$684
Property
Home typeSingle Family
Sub-typeSingle Family Residence
Year built2023
Systems
HeatingForced Air, Natural Gas, Electric, Fireplace(s)
RoofComposition
ConstructionWood Frame
Parking & Outdoor
ParkingAttached, Garage Door Opener
Garage2 spaces
BasementConcrete/Crawl Space
Fireplaces1
Lot5,227 sqft
Location & Tax
Neighborhood96150
Annual tax$9,793
Parcel032282017000
Bathrooms & Fees
Full baths2
Features & details
11 categories of property features
Interior Features
Interior
Stone Counters
Appliances
Disposal
Microwave Built-in
Dishwasher Built-in
Gas Range
Oven
Instant Hot Water
Heating
Forced Air
Natural Gas
Electric
Fireplace(s)
Laundry
Laundry Room
Fireplace
Gas
Insert
Windows
Other/See Remarks
Exterior Features
Parking
Attached
Garage Door Opener
Construction
Wood Frame
Patio & Porch
Deck
Lot Features
Wooded
Utilities
Electricity Available
Natural Gas Available
Cable Connected
Phone Connected
Room details
2 rooms detailed
Master Bedroom
Double SinksStall ShowerNat Stone CounterNat Stone Flooring
Kitchen
Pantry
Listing insights
Market data and value estimates
StatusFor Sale
Days on market12
Tax rate1.06%
Price/sqft$684
On marketMar 26, 2026
PostedMar 26, 2026
Last sold$875,000
MLS updatedMar 26, 2026
Tour days9
Views1,369
Favorites56
How are the schools in South Lake Tahoe?
3 schools rated nearby
Location
South Lake Tahoe, CA, 96150
Price history
4 events
DateEventPrice$/sqftSource
Mar 26, 2026Listed For Sale$1,249,000$684STAOR
Nov 30, 2023Sold$875,000$479STAOR
Oct 14, 2023Pending Sale$897,000$492STAOR
Oct 2, 2023Listed For Sale$897,000$492STAOR
Listed For Sale$1,249,000
Mar 26, 2026•$684/sqft•STAOR
Sold$875,000
Nov 30, 2023•$479/sqft•STAOR
Pending Sale$897,000
Oct 14, 2023•$492/sqft•STAOR
Listed For Sale$897,000
Oct 2, 2023•$492/sqft•STAOR
Tax history
22 years of records
YearTax paidAssessed value
Apr 7, 2025$9,793$892,500
Apr 7, 2024$9,252$875,000
Apr 7, 2023$3,120$287,828
Apr 7, 2022$806$71,400
Apr 7, 2021$794$70,000
Apr 7, 2020$126$7,974
Apr 7, 2019$125$7,818
Apr 7, 2018$123$7,665
Apr 7, 2017$121$7,515
Apr 7, 2016$119$7,368
Apr 7, 2015$112$7,258
Apr 7, 2014$112$7,117
Apr 7, 2013—$7,086
Apr 7, 2012—$6,812
Apr 7, 2011—$6,812
Apr 7, 2010—$6,762
Apr 7, 2009—$6,779
Apr 7, 2008—$6,647
Apr 7, 2007—$6,517
Apr 7, 2006—$6,390
Apr 7, 2005—$6,265
Apr 7, 2004—$6,143
Nearby homes
Neighborhood details
Local context around this listing
South Lake Tahoe, CA • El Dorado County
Nearby neighborhoods
Meyers
Nearby cities
CaminoCoolDiamond SpringsEl Dorado HillsPioneerPlacervillePollock PinesRescue
Nearby zip codes
9572196150961519615296154961569615796158
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Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. © Copyright South Tahoe Association of Realtors. Based on information from the South Tahoe Association of REALTORS® MLS as of 2026-04-07 15:05:50 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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