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$525,000
3 Beds 2 Baths 143253 MLS
Calling all Investors:1516 Glenwood Way is the kind of South Lake Tahoe opportunity investors watch for but rarely find: a centrally located property with strong upside potential, solid fundamentals, and multiple exit strategies. Set on a quiet street just minutes from Heavenly, the lake, and year‑round recreation, this home offers the perfect canvas for value‑add improvementswhether cosmetic, structural, or full redevelopment.The lot is spacious and sun‑filled, surrounded by mature pines and mountain views, giving future guests or tenants that signature Tahoe experience. Inside, the property is already mid‑renovation, allowing investors to step directly into a project without demo costs and shape the layout to maximize rental performance or long‑term equity.With South Lake Tahoe's high demand for updated inventoryboth for full‑time residents and seasonal visitors1516 Glenwood Way positions you to capitalize on strong appreciation trends, flexible rental potential, and a market hungry for modernized homes.For investors seeking a project with clear upside, a prime location, and the freedom to build value from the ground up, Glenwood Way is a standout opportunity.Buyers to do there due dillegence for size and accuracy of information.

Glenwood Way, South Lake Tahoe

$709,999
4 Beds 2 Baths 143148 MLS
Set in the highly sought-after Bijou neighborhood, this beautifully updated two-story mountain retreat combines classic Tahoe charm with modern comfort. Ideally located within walking distance of Lake Tahoe, Ski Run Marina / beach, popular restaurants, Whole Foods, the local farmers market, and just 1.5 miles from Heavenly Ski Resort, this home places the very best of South Lake Tahoe right at your doorstep.Offering approximately 1,790 square feet of thoughtfully renovated living space, the home features four bedrooms, two remodeled bathrooms, and a spacious kitchen appointed with hickory cabinetry, slab granite countertops, stainless steel appliances, and abundant workspace. The kitchen connects to the inviting great room, where a open fireplace creates the perfect setting for relaxing after a day on the slopes.Recent improvements include beautiful laminate flooring, fresh interior and exterior paint, updated lighting and ceiling fans, dual-pane vinyl windows, new roof and a EV charger making this home truly move-in ready. The functional floor plan offers two bedrooms and a laundry/utility room on the main level, while upstairs you'll find two additional bedrooms. One upstairs bedroom is a large bonus room currently used as a fifth sleeping area, offering flexibility as a home office, playroom, or hobby space.Step outside to your private, fully fenced backyard designed for year-round enjoyment. New composite decking, flagstone patios, a brand-new spa and firepit provide the perfect backdrop for entertaining family and friends. An oversized attached storage area offers ample room for skis, bikes, paddleboards, and all your Tahoe gear.Whether you're searching for a full-time residence, a vacation getaway, or an investment property, this exceptional Bijou home is an outstanding opportunity in one of South Lake Tahoe's most desirable neighborhoods. Furnishings and decorations included!

Bowers Avenue, South Lake Tahoe

$580,000
2 Beds 2 Baths 142709 MLS
This expansive 11,531 square foot lot, zoned for multi-family use, offers incredible potential and numerous opportunities. Situated in a desirable neighborhood, it's just a short drive from Heavenly Ski Resort, shopping centers, and public transportation.The two existing cabins have been thoughtfully updated, featuring new double-pane windows, flooring, carpeting, and modernized kitchens and bathrooms. Unit 1 boasts a spacious 1-bedroom, 1-bathroom layout, currently rented for $1,650. Unit 2, also a 1-bedroom, 1-bathroom unit, comes with a bonus loft space and in-unit washer/dryer, and is rented at $1,500. The property has a single water and sewer bill, while each unit has its own electric meter for separate billing.A land survey conducted in 2006 indicates 5,975 square feet of existing land coverage, which includes a compact dirt driveway. The property also comes with additional allocation and a Residential Unit of Use (RUU), allowing the new owner the option to demolish the current structures and construct large townhouse-style duplexes. Alternatively, the seller has plans in place to maintain Unit 2 as an Accessory Dwelling Unit (ADU) while building a sizable single-family home.This property is brimming with potential, presenting various options to transform it into a fantastic family residence or a lucrative investment opportunity in the heart of South Lake Tahoe!

Susie Lake Rd, South Lake Tahoe

$625,000
4 Beds 2 Baths 142673 MLS
STR Update: The City of South Lake Tahoe's new STR ordinance is now in effect, and the City has not yet reached its 900-permit residential cap. Buyers interested in STR use should independently verify property eligibility, current permit availability, and application requirements directly with the City.Priced aggressively and ready for improvement, this centrally located South Lake Tahoe fixer offers real square footage, a flat sunny lot, and multiple paths to add value.Close to the lake, Bijou Golf Course, restaurants, shopping, and the city's new Multigenerational Recreation & Aquatics Center, set to open this month, the property also backs to open ball fields near the Boys and Girls Club, giving it a more open feel than most in-town homes. The extra-deep driveway offers plenty of parking and potential room for a future garage.The house is barely connected and lives more like two distinct spaces, each with its own entrance. For a buyer considering hosted rental potential while living in one portion of the home, that setup is worth a serious look, subject to buyer verification. Add a wet bar or kitchenette, add a garage, and the flexibility becomes even more compelling.A brick fireplace, breakfast nook, separate dining area, large laundry space, bonus family room, four bedrooms, two full baths, fenced backyard, and storage shed round out a property with real upside. Not turnkey, but priced accordingly.

Marlette Circle, South Lake Tahoe

$229,000
142653 MLS
Discover the potential to build your dream home on this pristine 7,841 square foot vacant lot, nestled in the desirable Bijou neighborhood of South Lake Tahoe. This flat, sunny property offers stunning filtered mountain views and benefits from a generous 29% coverage ratio, providing ample space for a single-family residence.Perfectly positioned between the adrenaline-pumping slopes of Heavenly Ski Resort and the tranquil waters of Lake Tahoe, this lot places you in the heart of year-round recreation. Just steps away, enjoy easy access to the Bijou Public Golf Course, making it ideal for golf enthusiasts or those seeking a serene parkland environment for leisurely strolls.Surrounded by newer and well-maintained homes, the neighborhood maintains a cohesive and attractive appearance, enhancing both the community feel and the investment value of the lot. Additionally, the opportunity exists to purchase an adjacent lot at 1311 Gilmore Lake, offering the unique possibility to create a substantial estate spanning from street to street.This property is not just a lot, but a canvas for your Tahoe retreat. Whether envisioning a cozy cabin or a luxurious lodge, this location provides the perfect backdrop for a custom build tailored to your lifestyle needs.Embrace the natural beauty, extensive local amenities, and active lifestyle that South Lake Tahoe offers. Start planning your future in one of the most coveted areas in the region. Your Tahoe dream begins at 1310 Susie Lake Road.

Susie Lake Rd, South Lake Tahoe

$259,000
142652 MLS
Discover the perfect canvas for your dream home at 1311 Gilmore Lake Rd, a pristine vacant lot situated in the heart of South Lake Tahoe's desirable Bijou area. This 8,276 square foot parcel offers a wonderful balance of natural beauty and convenient access to local amenities, making it an ideal spot for both relaxation and adventure.Enjoy the serene surroundings with filtered mountain views and ample sunlight, perfect for those who appreciate outdoor beauty. The lot's level terrain ensures ease in construction and flexibility in design, complemented by a generous 30% coverage allowance to build your custom retreat.Strategically positioned, this property is merely moments away from the exhilarating slopes of Heavenly Ski Resort, the tranquil shores of Lake Tahoe, and the Bijou public golf course. The neighborhood is characterized by newer, well-maintained homes, enhancing the appeal and value of your potential residence.Whether you envision a cozy mountain getaway or a substantial year-round home, this lot serves as a blank slate for bringing your architectural visions to life. Additionally, the adjacent lot at 1310 Susie Lake Rd is also available for sale, offering a rare opportunity to expand your estate with a sizeable street-to-street property.Take advantage of this exceptional offering in a sought-after location where leisure activities and natural beauty abound. Build your future in South Lake Tahoe and enjoy a lifestyle filled with skiing, golfing, and lakeside sunsets. Don't miss out on the chance to own a piece of this vibrant community. Secure your slice of paradise at 1311 Gilmore Lake Rd.

Gilmore Lake Rd, South Lake Tahoe

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Data last updated on 06/28/2017.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS. Real estate listings held by brokerage firms other than owner of this page are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.

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