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$597,900
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Property Description
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 yard 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.
Full Property Details
Full Property Details for 3761 Ruby Way
General
- Price: $597,900
- Status: Active
- Type: Duplex
- Source: South_Tahoe_MLS
- MLS ID: 142933
- Updated: 5/20/2026
- Added to Site: 8 day(s) ago
Rooms
Other Rooms
- Laundry: Other/See Remarks
Parking
- Carport Spaces: 2
Location
- Area: Heavenly Valley
- County: El Dorado
- Subdivision: Heavenly View Terrace
- Cross Streets: David
- Driving Directions: Ski Run to David to Ruby Way
Heating & Cooling
- Heating Type: Natural Gas, Wall or Space Heater, Fireplace
- Water Heater: Natural Gas
Utilities
- Utility Description: NaturalGasAvailable, Water Meter
Structural Information
- Construction Status: Wood Frame, Wood Siding
- Construction: Wood Frame, Wood Siding
- Foundation: Concrete/Crawl Space, Basement/Unfinished
- Roof: Pitched, Composition
- Windows/Doors: Single Pane, Double Pane
- Entry Location: One Story
- Stories/Levels: One Story
- Year Built: 1961
Unit Information
Unit 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.14
- Lot Size Source: Assessor
Financial Considerations
- Price Per Sq. Ft.: $359.31
- Price Per Acre: $4,270,714.29
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Schools
Schools serving 3761 Ruby Way
School District:Lake Tahoe Unified School District
| Name | Grades | Distance |
|---|---|---|
Sierra House Elementary School 1709 Remington Trail, South Lake Tahoe, CA 96150 | K-5 | 2.6 mi |
South Tahoe Middle School 2940 Lake Tahoe Boulevard, South Lake Tahoe, CA 96150 | 6-8 | 1.5 mi |
South Tahoe High School 1735 Lake Tahoe Boulevard, South Lake Tahoe, CA 96150 | 9-12 | 4.3 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 3761 Ruby Way
Date
Details
Price
Change
Source
5/19/2026
Listed
$597,900
—
MLS
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 3761 Ruby Way
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,386
7%
$115,424
2%
2023
$1,298
—
$113,162
2%
2023
$1,298
1%
$110,944
2%
2022
$1,285
2%
$108,769
2%
2021
$1,266
1%
$106,637
1%
2020
$1,249
—
$105,545
2%
2019
$1,243
2%
$103,476
2%
2018
$1,217
2%
$101,448
2%
2017
$1,199
2%
$99,459
2%
2016
$1,176
1%
$97,510
2%
2015
$1,164
3%
$96,047
2%
2014
$1,131
—
$94,168
—
2013
$1,128
—
$93,744
—
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 3761 Ruby Way
3761 Ruby Way, South Lake Tahoe, CA 96150 (MLS# 142933) is a Duplex property with 0 bedrooms and 0 full bathrooms. 3761 Ruby Way is currently listed for $597,900 and was received on May 19, 2026. Want to learn more about 3761 Ruby Way? Do you have questions about finding other Duplex real estate for sale in Heavenly Valley? You can browse all Heavenly Valley real estate or contact a Coldwell Banker agent to request more information.

