1259 Bonanza Ave

South Lake Tahoe, CA 96150

$899,000
Price
4
Beds
—
Baths
2,452 Sq. Ft.
$367 / Sq. Ft.
2,452
Sq. Ft.
$367
per Sq. Ft.
a front view of a house
a view of a room with furniture and windows
a view of a balcony with furniture
a view of a storage & utility room
a kitchen that has a sink and a stove
a view of a kitchen with a sink cabinets and a window
a view of an entryway
a view of an entryway with staircase
a bathroom with a sink a toilet and mirror
a view of an entryway with wooden floor and door
a view of entryway
a view of a porch with wooden floor
a bathroom with a shower and a bath tub
a bathroom with a sink and a toilet
a view of an empty room with a window
a view of an empty room with a window
a view of a entrance
a view of an entryway
a view of a kitchen with a sink and a window
a view of a kitchen with furniture and a kitchen
a kitchen with stainless steel appliances granite countertop a sink stove and cabinets
a kitchen with granite countertop stainless steel appliances stove and cabinets
wooden floor in an empty room with a window
a view of an empty room with a window
a view of an entryway with staircase
a bathroom with a sink mirror and toilet
a view of staircase with railing and white walls
a view of staircase with a rug
a view of entryway
an empty room with a window
a view of an empty room with a window
a bathroom with a sink toilet and mirror
a view of an empty room with a window
a view of outdoor space with trees
a view of a house with backyard and trees
a view of balcony with wooden floor
a view of outdoor space with trees
a view of outdoor space with trees

Description

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...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.
  1. Listed by Brent Johnson • DRE #01474921 • Brokerage DRE #01802170 • Chase International - South Lake Tahoe

Property Details for 1259 Bonanza Avenue

Area
Y Area
Subdivision
W D Barton Tr
# Garage/Carport
0
# Parking Spaces
8
LISTING UPDATED: 11/25/2025 01:06 PM

Property Details for 1259 Bonanza Avenue

StatusActive
MLS #142287
Days on Compass46
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Duplex
Year Built1992
Lot Size1.00 AC / 43,560 SF
CountyEl Dorado County

Location

Listing Courtesy of Chase International - South Lake Tahoe, Brent Johnson, DRE #01474921
Add your commute

Building Information for 1259 Bonanza Avenue

Stories-Residences2Year Built1992Building Size-Lot Size1.00 AC / 43,560 SF

Payment Calculator

$4,918 per month

30 year fixed, 6.28% Interest

Principal and Interest

$4,442

Property Taxes

$476

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1259 Bonanza Avenue

Summary
Location and General Information
  • FIPS Code: 17
  • Road Agreements: No
  • Cross Street Address: F Street
Taxes and HOA Information
  • Association: South Tahoe Association of Realtors
Property
Lot Information
  • Acres: 1.0
  • Age: 0
  • Lot Measurement: Square Feet
  • Lot Size Source: Tax Data
  • Three Quarter Bathrooms: 0
Property and Assessments
  • APN: 032151012000
  • Documents on File: Other/See Remarks
  • Foundation: Slab
  • Property Disclaimer: Information has not been verified, is not guaranteed, and is subject to change.
  • Possession: Close Of Escrow
  • Lease Type: Net
  • Limited Service: No
  • Miscellaneous: Sep. Water Heater, Separate Heat/Cool, Tenant Pays Utlities
  • Square Footage Source: Tax Data
  • TRPA Land Cap Study: No
  • Year Built Source: Assessor
Utilities
  • Green Features: Radiant Heat
  • Utilities: NaturalGasAvailable, Cable TV, Telephone
  • Water Fee: $.00
  • Water Heater: Natural Gas
Interior and Exterior Features
Exterior Features
  • Construction: Wood Frame
  • Roof: Pitched, Composition
Interior Features
  • Laundry: In Unit
  • Windows: Double Pane, Metal Frame
Multi Family
Multi-Family Information
  • Annual Operating Exp: $.00
  • Effective Rental Inc: $.00
  • Gross Income Source: Projected
Unit 1
  • 1st Unit Beds/Baths: 2 Beds - 2 Baths
Unit 2
  • 2nd Unit Beds/Baths: 2 Beds - 2 Baths

Property History for 1259 Bonanza Avenue

DateEvent & SourcePriceAppreciation
Oct 30, 2025

Listed (Active)

STMLS #142287

$899,000—
DateEvent & SourcePrice
10/30/2025

Listed (Active)

STMLS #142287

$899,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1259 Bonanza Avenue

Taxable ValueLand$142,153Additions$368,403Total$510,556
Tax Record2025$5,711 ($476 / month)
Home Facts
Baths4Total Finished SqFt2,452 SqFtAbove Grade Finished SqFt2,452 SqFtStories3Lot Size43,560 SqFtStyleDuplexYear Built1992ZoningTCCountyEL DORADOAPN032-151-012-000Fireplace TypeHas Fireplace

Schools near 1259 Bonanza Avenue

This home is within Lake Tahoe Unified School District.
Rating
School
Type
Grades
Distance
Bijou Community School
Public - K to 5
South Tahoe Middle School
Public - 6 to 8
South Tahoe High School
Public - 9 to 12
Mt. Tallac High School
Public - 9 to 12
Rating
School
Distance
Bijou Community School
PublicK to 5

South Tahoe Middle School
Public6 to 8

South Tahoe High School
Public9 to 12

Mt. Tallac High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1259 Bonanza Avenue, South Lake Tahoe, CA 96150

1259 Bonanza Avenue is a multi-family home for sale in South Lake Tahoe, CA 96150. This property was listed for sale on October 30, 2025 by Chase International - South Lake Tahoe, it's currently listed at $899,000. This listing's school district is Lake Tahoe Unified School District. Nearby schools include Bijou Community School, South Tahoe Middle School and South Tahoe High School. 1259 Bonanza Avenue is a 4-bed, 0-bath, 2,452 sqft multi-family home built in 1992.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Chase International - South Lake Tahoe, Brent Johnson, DRE #01474921

Based on information from one of the following Multiple Listing Services: MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS.. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS. is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the 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. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.