This centrally located triplex offers a unique combination of affordability, convenience, and income potential in the heart of South Lake Tahoe. Situated just minutes from the lake, Heavenly Ski Resort, and the excitement of the Stateline casinos, the property is perfectly positioned for both daily living and steady rental demand. Each of the three units is comfortable and practical, allowing an owner to live in one while renting out the others, or hold all three as a reliable investment. The central location puts everything Tahoe is known forworld-class skiing, outdoor recreation, dining, and entertainmentright at your doorstep, creating an attractive option for tenants and owners alike. Rarely does an opportunity come along that blends lifestyle and investment so seamlessly, making this triplex a smart and versatile addition to any portfolio.
Sold for $570,000
$570,000
1014 Shepherds Dr, South Lake Tahoe, CA 96150
5beds
3baths
1,652sqft
Triplex
Built in 1958
-- sqft lot
$571,900 Zestimate®
$345/sqft
$3,279 Estimated rent
Home value
$571,900
$520,000 - $629,000
$3,279/mo
Zestimate® history
Owner options
List your home for rent
$3,279/mo
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$3,279/mo
Rent Zestimate®
Refinance and save
$3,553/mo
Est. payment
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$3,553/mo
Est. payment
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Minutes from the lake
Zillow last checked:
Listing updated:
Listed by:
Bret W Howard 530-318-5439 bret@howardtahoe.com,
Berkshire Hathaway HS - SLT,
Debra K Howard 530-545-2493,
Berkshire Hathaway HS - SLT
Bought with:
Member Non
Non Member Office
Source: STAOR,MLS#: 142235
Originating MLS: South Tahoe Association of Realtors
Originating MLS: South Tahoe Association of RealtorsFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- Natural Gas, Wall or Space Heater, Fireplace(s), Separate Heat/Cool
Cooling
- Other
Appliances
- Included: Electric Water Heater
Features
- 1st Unit: 2 Beds - 1 Bath, 2nd Unit: 1 Bed - 1 Bath, 3rd Unit: 2 Beds - 1 Bath
- Windows: Single Pane
- Basement: Concrete/Crawl Space
- Has fireplace: Yes
Interior area
- Total structure area: 1,652
- Total interior livable area: 1,652 sqft
Property
Parking
- Total spaces: 3
- Covered spaces: 1
- Details: Garage/Carport
Features
- Levels: One
- Stories: 1
Lot
- Size: 4,791 Square Feet
Details
- Parcel number: 029403030000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Wood Frame
- Roof: Asphalt,Shingle
Condition
- Year built: 1958
Utilities & green energy
- Utilities for property: Natural Gas Available
Community & HOA
Community
- Subdivision: Pinewood Heights
Location
- Region: South Lake Tahoe
Financial & listing details
- Price per square foot: $345/sqft
- Tax assessed value: $253,232
- Date on market: 10/4/2025
- Cumulative days on market: 62 days
- Date available: 01/01/1800
- Listing terms: FHA
- Ownership: Fee Simple
- Total actual rent: 0
Price history
| Date | Event | Price |
|---|---|---|
| 12/5/2025 | Sold | $570,000$345/sqft |
Source:  STAOR #142235 Report a problem | ||
| 10/14/2025 | Pending sale | $570,000$345/sqft |
Source: STAOR #142235 Report a problem | ||
| 10/4/2025 | Listed for sale | $570,000$345/sqft |
Source: STAOR #142235 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $253,232 +2% |
| 2025 | $2,865 +5.2% | $248,267 +2% |
| 2024 | $2,722 +1.7% | $243,400 +2% |
| 2023 | $2,676 +1% | $238,628 +2% |
| 2022 | $2,650 +1.5% | $233,950 +2% |
| 2021 | $2,611 +1.4% | $229,363 +1% |
| 2020 | $2,574 +0.5% | $227,012 +2% |
| 2019 | $2,562 +2.2% | $222,561 +2% |
| 2018 | $2,506 +1.5% | $218,198 +2% |
| 2017 | $2,468 +2% | $213,921 +2% |
| 2016 | $2,420 +4% | $209,727 +1.5% |
| 2015 | $2,326 | $206,578 +2% |
| 2014 | $2,326 | $202,533 +0.5% |
| 2013 | -- | $201,619 +4% |
| 2012 | -- | $193,792 |
| 2011 | -- | $193,792 +0.8% |
| 2010 | -- | $192,345 -0.2% |
| 2009 | -- | $192,804 +2% |
| 2008 | -- | $189,024 +2% |
| 2007 | -- | $185,319 +2% |
| 2006 | -- | $181,687 +2% |
| 2005 | -- | $178,125 +2% |
| 2004 | -- | $174,633 |
Find assessor info on the county website
Neighborhood: 96150
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Nearby schools
GreatSchools rating
- 6/10Sierra House Elementary SchoolGrades: K-5Distance: 3 mi
- 4/10South Tahoe Middle SchoolGrades: 6-8Distance: 1.7 mi
- 7/10South Tahoe High SchoolGrades: 9-12Distance: 4.5 mi
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Estimated market value
$571,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$571,900
- California
- El Dorado County
- South Lake Tahoe
- 96150
- 1014 Shepherds Dr
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