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1259 Bonanza Avenue, 
South Lake Tahoe, CA 96150

$899,000


Bed


Bath


2,452

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Brent Johnson

Chase International - South Lake Tahoe

Last updated:

November 5, 2025, 05:35 AM

MLS#

142287

Source:

CA STAR

About This Home

1259 Bonanza Avenue

Discover investment potential with this duplex located on an expansive and rare one-acre level lot in the heart of South Lake Tahoe. This unique property offers the perfect blend of mountain living and rental income opportunities, making it an ideal choice for investors or owner-occupants seeking additional revenue streams.Each unit features two comfortable bedrooms, two full bathrooms, and a spacious 3rd-story loft, perfect for a home office or additional sleeping area. The loft in Unit B features a wood-burning stove in a second living room with a side bunk bed area and access to a second deck. The inviting living areas showcase beautiful knotty pine paneling and vaulted ceilings that create an authentic mountain cabin atmosphere. Step outside onto the large front deck and enjoy peaceful views of the surrounding wooded landscape.The kitchens feature built-in dishwashers, gas ranges, and wood cabinetry that complements the rustic charm throughout. Modern conveniences include natural gas hydronic heating systems, energy-efficient dual-pane windows, and laundry hook-ups in each unit. Unit A even comes with a washer and dryer. The gated driveway provides abundant parking space for multiple vehicles, boats, or recreational vehicles, accommodating the active Lake Tahoe lifestyle. The property's central location offers easy access to shopping centers, public transportation, and the stunning lake itself.For those dreaming bigger, the adjacent vacant lot is owned by the same sellers located at 1258 Emerald Bay Road and is also available for purchase, potentially doubling your acreage to two full acres and opening doors to exciting development possibilities. Whether you're seeking a mountain retreat with income potential or a savvy investment opportunity, this duplex delivers both charm and financial promise in one of California's most desirable destinations.

Home Facts

Multi-Family

Built in 1992

Price Summary

899,000

$366 per Sq. Ft.

MLS #:

142287

Last Updated:

November 5, 2025, 05:35 AM

Added:

6 day(s) ago


Rooms & Interior

Interior

Living Area:

2,452 Sq. Ft.


Structure

Structure

Building Area:

2,452 Sq. Ft.

Year Built:

1992


Lot

Lot Size (Sq. Ft):

43,560


Finances & Disclosures

Finances

Price:

$899,000

Price per Sq. Ft:

$366 per Sq. Ft.

Source:CA STAR
The information being provided by South Tahoe Association Of REALTORS® Inc Mls is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the South Tahoe Association Of REALTORS® Inc Mls. Chase International - South Lake Tahoe is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Chase International - South Lake Tahoe, a broker participant of South Tahoe Association Of REALTORS® Inc Mls. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by South Tahoe Association Of REALTORS® Inc Mls and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2025 South Tahoe Association Of REALTORS® Inc Mls. All rights reserved.

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