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$1,900,000
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Property Description
RARE Seller Financing Opportunity!Terms: 3-year term with interest at 6% for Year 1, 8% for Year 2, and 9.7% for Year 3.Exceptional motel property located in one of the best areas of South Lake Tahoe! Just steps from the lake, beaches, casinos, Edgewood Golf Course, and the Heavenly Gondola. Guests can enjoy easy access to summer recreation, world-class skiing, shopping, dining, entertainment, and more, all without ever needing a car.The property features 13 hotel units plus 2 separate living units, offering flexibility and income potential. The upstairs living unit includes a full kitchen, bedroom, and living area, ideal for an owner's unit or conversion to an additional rental suite. Four of the units feature separate bedrooms, and five are spacious king rooms.This turnkey motel is well-maintained and ready for operation, with incredible potential for a savvy buyer to elevate performance and revenue.Major price improvement of $1,000,000, don't miss this rare opportunity in a prime South Lake Tahoe location!
Full Property Details
Full Property Details for 953 Park Ave
General
- Sold For: $1,900,000
- Status: Closed
- Type: Commercial Residential Facility
- Source: South_Tahoe_MLS
- MLS ID: 137122
- Added to Site: 922 day(s) ago
Business
- Name: Paradice Motel
Interior
- Flooring: Carpet
Rooms
Bathrooms
- Restrooms: Three or More
Exterior
- Exterior Features: Land Included
Location
- Area: Stateline
- County: El Dorado
- Cross Streets: Cedar
- Driving Directions: From US Highway 50 go left (North) on Park Ave. Go 2 blocks, the property is on your right.
Heating & Cooling
- Heating Type: Natural Gas
- Water Heater: Natural Gas
Utilities
- Utility Description: ElectricityAvailable, NaturalGasAvailable, Cable TV, Telephone
Structural Information
- Construction: Wood Frame, Wood Siding
- Foundation: Concrete/Masonry, Basement/Finished
- Roof: Pitched, Shingle
- Windows: Double Pane
- Windows/Doors: Double Pane
- Wiring: 110 Volts
- Stories/Levels: Two
- Square Feet: 5,132
- Current Bldg. Use: Hotel/Motel
- Year Built: 1959
Lot Features
- Lot Size (Acres): 0.21
- Lot Size (Sq. Ft.): 9,148
- Lot Size Source: Tax Data
- Zoning: Commercial
Financial Considerations
- Price Per Acre: $9,047,619.05
- Terms: Cash
- Tenant Pays: Nothing
Disclosures and Reports
- CC&Rs: Yes
Get Pre-Approved Today
Schools
Schools serving 953 Park Ave
School District:Lake Tahoe Unified School District
| Name | Grades | Distance |
|---|---|---|
Sierra House Elementary School 1709 Remington Trail, 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 | 2.1 mi |
South Tahoe High School 1735 Lake Tahoe Boulevard, South Lake Tahoe, CA 96150 | 9-12 | 4.9 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 953 Park Ave
Date
Details
Price
Change
Source
11/03/2025
Sold
$1,900,000
-26.92%
MLS
9/26/2025
Price Reduced
$2,600,000
-13.04%
MLS
9/11/2025
Price Increased
$2,990,000
10.74%
MLS
9/04/2025
Price Reduced
$2,700,000
-9.7%
MLS
8/28/2025
Price Reduced
$2,990,000
-8.84%
MLS
8/13/2025
Price Reduced
$3,280,000
-7.61%
MLS
6/09/2025
Price Reduced
$3,550,000
-6.01%
MLS
9/03/2024
Price Reduced
$3,777,000
-5.03%
MLS
7/12/2023
Listed
$3,977,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
953 Park Avenue, South Lake Tahoe, CA 96150 (MLS# 137122) is a Commercial Residential Facility property that was sold at $1,900,000 on November 03, 2025. Want to learn more about 953 Park Avenue? Do you have questions about finding other Commercial Residential Facility 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.

