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Price reduced by $66,000 on this 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.

Source: South Lake Tahoe MLS, MLS#: 143086

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  • Property Type
    Residential Income
  • Lot
    1.00 acres

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M.C Pierson

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  • Median Age
    40
  • Population Density
    237
  • College Educated
    42%
  • Estimated Median Income
    $62,541
  • Estimated Total Home Owners
    6,721
  • Estimated Total Renters
    5,926
  • Owner / Renter Divide
    53% / 47%
  • Estimated Average Household Size
    2
  • Total Population
    30,369
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 1259 Bonanza Avenue


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/19/2026Source: South Lake Tahoe MLS Added to Database
June 19, 2026
Listing provided courtesy of Chase International - South Lake Tahoe- MLS# 143086MLS Provider

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