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$1,249,000
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Property Description & Video
1251 Margaret Avenue, South Lake Tahoe, CAVideo Tour of 1251 Margaret Avenue, South Lake Tahoe, CA.
Fully Furnished and Turnkey Ready! Completed in late 2023 by respected local builder Paul McGill, this meticulously crafted home offers a rare blend of modern mountain luxury, turnkey ease, smart-home amenities, and vacation rental potential within South Lake Tahoe city limits standing apart from surrounding older inventory that often requires costly updates and ongoing maintenance. Clean architectural lines, high-end finishes, vaulted ceilings, and a mountain contemporary aesthetic create a light-filled atmosphere throughout, while living areas on both levels offer effortless versatility for entertaining or hosting guests. Beautifully furnished throughout with curated Pottery Barn pieces and luxury linens, this home is offered move-in ready with furnishings negotiable for a seamless transition. Rental-ready and ideally positioned, it presents an opportunity as either a sophisticated second home or a high-demand vacation rental with income potential. The 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. The attached 2-car garage accommodates large SUVs with ease. Surrounded by Tahoe's year-round natural beauty, the property offers easy access to world-class skiing, hiking, and lake recreation. Located in the highly sought-after neighborhood known as "The Y," the home is just minutes from Heavenly Mountain Resort and close to boutique fitness studios, craft breweries, artisan coffee, and everyday essentials. Spend your days at nearby Kiva Beach, then return to a location tucked away from casino-corridor traffic while remaining a short ride from Stateline and Heavenly Village. A rare offering that combines elevated design, turnkey ease, and Tahoe investment appeal.
Full Property Details
Full Property Details for 1251 Margaret Ave
General
- Price: $1,249,000
- Status: Active
- Type: Single Family
- Source: South_Tahoe_MLS
- MLS ID: 142635
- Updated: 5/13/2026
- Added to Site: 63 day(s) ago
Interior
- Fireplace(s): Gas, Insert
- Counters: Natural Stone, Quartz
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Partial Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
- Primary Bedroom: Yes
- Bedroom 1: Primary Bath, Double Sinks, Stall Shower, Nat Stone Counter, Nat Stone Flooring
Other Rooms
- Kitchen: Garbage Disposal, Pantry, Microwave Built-in, Dishwasher Built-in, Gas Range, Single Oven
- Laundry: Laundry Room
- Other Room 1: Living/Dining Combo, Entry/Foyer, Upstairs Living
Additional Information
- Other Features: Furnished per Inventory
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Garage Description: Attached
Location
- Area: Y Area
- County: El Dorado
- Subdivision: Unavail
- Cross Streets: F Street
Heating & Cooling
- Heating Type: Forced Air, Natural Gas, Electric, Fireplace
Utilities
- Utility Description: ElectricityAvailable, NaturalGasAvailable, Cable TV, Telephone
Structural Information
- Construction: Wood Frame
- Foundation: Concrete/Crawl Space
- Roof: Composition
- Windows: Other/See Remarks
- Windows/Doors: Other/See Remarks
- Square Feet: 1,825
- Year Built: 2023
Lot Features
- Lot Size (Acres): 0.12
- Lot Size (Sq. Ft.): 5,227
- Lot Size Source: Assessor
- Grounds/Landscape: Trees, Natural
- Zoning: Single Family
Green Features
- Green Features: On Demand H2O Heater
Financial Considerations
- Price Per Sq. Ft.: $684.38
- Price Per Acre: $10,408,333.33
Disclosures and Reports
- CC&Rs: Yes
- APN: 32282017000
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Schools
Schools serving 1251 Margaret Ave
School District:Lake Tahoe Unified School District
| Name | Grades | Distance |
|---|---|---|
Bijou Community School 3501 Spruce Avenue, South Lake Tahoe, CA 96150 | K-5 | 3.5 mi |
South Tahoe Middle School 2940 Lake Tahoe Boulevard, South Lake Tahoe, CA 96150 | 6-8 | 2.8 mi |
South Tahoe High School 1735 Lake Tahoe Boulevard, South Lake Tahoe, CA 96150 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1251 Margaret Ave
Date
Details
Price
Change
Source
3/25/2026
Listed
$1,249,000
42.74%
MLS
11/29/2023
Sold
$875,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1251 Margaret Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,793
214%
$892,500
2%
2023
$3,120
—
$875,000
204%
2023
$3,120
287%
$287,828
303%
2022
$806
2%
$71,400
2%
2021
$794
530%
$70,000
778%
2020
$126
1%
$7,974
2%
2019
$125
2%
$7,818
2%
2018
$123
2%
$7,665
2%
2017
$121
2%
$7,515
2%
2016
$119
2%
$7,368
2%
2015
$117
4%
$7,258
2%
2014
$112
—
$7,117
—
2013
$112
—
$7,086
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1251 Margaret Ave
1251 Margaret Avenue, South Lake Tahoe, CA 96150 (MLS# 142635) is a Single Family property with 3 bedrooms, 2 full bathrooms and 1 partial bathroom. 1251 Margaret Avenue is currently listed for $1,249,000 and was received on March 25, 2026. Want to learn more about 1251 Margaret Avenue? Do you have questions about finding other Single Family real estate for sale in South Lake Tahoe? You can browse all South Lake Tahoe real estate or contact a Coldwell Banker agent to request more information.

