1869 Elks Club Drive South Lake Tahoe CA 96150 MLS #142952

Built-In Income, First-Year Mortgage Savings & Mountain Living in South Lake TahoeImagine owning a mountain home where the property helps pay for itself. At 1869 Elks Club Drive, qualified buyers may benefit from a seller-paid interest rate buydown that could reduce mortgage payments by approximately $700 per month during the first year, representing more than $8,000 in potential first-year savings. Add the property’s fully self-contained lower-level suite, which has the potential to generate approximately $1,300 to $1,600 per month in rental income, and buyers could realize over $2,000 per month in combined financial benefit during the first year of ownership. For buyers seeking affordability, flexibility, and long-term value, opportunities like this are increasingly rare in today’s market.Beyond the financial advantages, this property offers the mountain lifestyle that draws people to Tahoe in the first place. Tucked among towering pines with sweeping mountain views and direct access to U.S. Forest Service land, this unique home combines privacy, recreation, and versatility in one exceptional package.The lower-level mother-in-law suite operates independently from the main residence and features its own private entrance, bedroom, bath, country kitchenette, and dedicated laundry room. Whether used as a long-term rental, guest quarters, or private living space for extended family, the suite provides valuable flexibility while creating the potential for meaningful supplemental income.The main level offers two bedrooms and one-and-a-half baths with a bright, open layout designed to showcase the surrounding forest and mountain views. Large windows fill the home with natural light, while separate laundry facilities on both levels enhance convenience and privacy for dual-occupancy living.Step outside to a fully fenced backyard with rear gate access directly to U.S. Forest Service land, creating a rare sense of privacy with no rear neighbors. Enjoy morning coffee on the low-maintenance composite deck, relax in the WiFi-controlled hot tub after a day of adventure, or explore miles of forest trails right from your backyard.Major improvements have already been completed, including a newer roof with added insulation, forced-air heating system with WiFi smart thermostat, tankless water heater, newer double-pane windows, newer driveway, storage shed, timed sprinkler system, bear-proof garbage enclosure, and Ring security camera system.Whether you’re looking for a primary residence with income-producing potential, a multigenerational living solution, or a mountain retreat that combines lifestyle and financial advantages, 1869 Elks Club Drive delivers exceptional flexibility, comfort, and value.” Buyer to do their due diligence regarding rates, rents and rentability.