This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/18
$459,000 Just Listed
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/18
Property Description
Rare chance to own a duplex in the desirable Tahoe Island neighborhood of South Lake Tahoe. Each unit has separate utility meters, providing flexibility for both investors and owner-occupants.Ideal for a buyer looking to live in one unit while offsetting the mortgage by renting the other, or for those seeking a long-term rental investment in a high-demand local housing market. The property provides income potential while still enjoying the benefits of homeownership in Tahoe.Conveniently located near shopping, restaurants, and bike paths, and just minutes to Lake Tahoe beaches and a short drive to Heavenly Ski Resort. The setting combines a residential neighborhood feel with easy access to year-round recreation.Ready for a new owner's personal touches and future improvements, offering the opportunity to build equity over time.A versatile property well-suited for full-time residents, second-home owners, or investors looking for a foothold in the Lake Tahoe Basin.
Full Property Details
Full Property Details for 905 Lapham Dr
General
- Price: $459,000
- Status: Active
- Type: Duplex
- Source: South_Tahoe_MLS
- MLS ID: 142551
- Updated: 3/2/2026
- Added to Site: 3 day(s) ago
Location
- Area: Tahoe Island Drive
- County: El Dorado
- Subdivision: Tallac Park
- Cross Streets: Dunlap
- Driving Directions: Dunlap to Lapham right hand side
Heating & Cooling
- Heating Type: Wall or Space Heater
- 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
- Roof: Pitched, Composition
- Windows/Doors: Double Pane
- Entry Location: One Story
- Stories/Levels: One Story
- Year Built: 1957
Unit Information
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.14
- Lot Size Source: Assessor
- Zoning: Multi-Family
Financial Considerations
- Price Per Sq. Ft.: $498.91
- Price Per Acre: $3,278,571.43
Get Pre-Approved Today
Schools
Schools serving 905 Lapham Dr
School District:Lake Tahoe Unified School District
| Name | Grades | Distance |
|---|---|---|
Tahoe Valley Elementary School 943 Tahoe Island Drive, South Lake Tahoe, CA 96150 | K-5 | 0.2 mi |
South Tahoe Middle School 2940 Lake Tahoe Boulevard, South Lake Tahoe, CA 96150 | 6-8 | 2 mi |
South Tahoe High School 1735 Lake Tahoe Boulevard, South Lake Tahoe, CA 96150 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 905 Lapham Dr
Date
Details
Price
Change
Source
3/02/2026
Listed
$459,000
622.83%
MLS
7/25/1994
Sold
$63,500
—
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 905 Lapham Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,285
7%
$106,192
2%
2023
$1,203
—
$104,111
2%
2023
$1,203
1%
$102,071
2%
2022
$1,192
1%
$100,070
2%
2021
$1,175
1%
$98,109
1%
2020
$1,159
1%
$97,104
2%
2019
$1,153
2%
$95,201
2%
2018
$1,129
1%
$93,336
2%
2017
$1,113
2%
$91,507
2%
2016
$1,091
1%
$89,713
2%
2015
$1,080
3%
$88,367
2%
2014
$1,050
—
$86,639
—
2013
$1,047
—
$86,250
—
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 905 Lapham Dr
905 Lapham Drive, South Lake Tahoe, CA 96150 (MLS# 142551) is a Duplex property with 0 bedrooms and 0 full bathrooms. 905 Lapham Drive is currently listed for $459,000 and was received on March 02, 2026. Want to learn more about 905 Lapham Drive? Do you have questions about finding other Duplex 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.

