96150 Homes under $2 million

96150 Homes under $2 million

Welcome to the picturesque community of South Lake Tahoe, nestled in the heart of California’s stunning El Dorado County, where the zip code 96150 serves as your gateway to a world of natural beauty and outdoor adventure. This charming area is renowned for its breathtaking landscapes, crystal-clear lakes, and majestic mountains, making it a sought-after destination for both vacationers and those looking to call this slice of paradise home.

In South Lake Tahoe, you’ll find an impressive selection of homes priced under $2 million, offering a variety of options to suit diverse lifestyles and preferences. Whether you’re searching for a cozy cabin retreat, a modern mountain home with panoramic views, or a spacious family abode, the real estate market here is rich with opportunities. Many of these homes boast features such as open floor plans, large decks for entertaining, and proximity to outdoor activities like skiing, hiking, and water sports.

Living in the 96150 zip code means you’re just moments away from the stunning shores of Lake Tahoe, where you can enjoy swimming, boating, and sunbathing in the summer, and world-class skiing at nearby resorts during the winter months. The vibrant local community offers a plethora of dining, shopping, and entertainment options, ensuring that there’s always something to do.

Discover your dream home in South Lake Tahoe today, and embrace a lifestyle filled with adventure, relaxation, and the beauty of nature right at your doorstep. With homes under $2 million, your perfect mountain retreat is just waiting to be found!

Newest 96150 Homes under $2 million

864 San Francisco Ave, South Lake Tahoe
$698,000
3 Beds ⋅ 3 Baths ⋅ 41151638 MLS ⋅ Active Status
Just a short walk from the shores of Lake Tahoe, this exceptional property offers flexible living options—ideal as a spacious single-family home or as two separate dwellings. Step inside to a welcoming living room featuring beautiful hardwood floors and a cozy gas fireplace. The open dining area, located boasts serene views of the adjacent Conservancy lot and provides easy access to the car port and backyard. The well maintained kitchen is a chef’s delight, complete with granite counter tops, modern cabinetry, gas stove, built in microwave and Bosh dishwasher. Down the hall, you’ll find a generously sized laundry room next to a newer full bathroom, two comfortable bedrooms, and a stylish original full bath. The second bedroom opens into an additional living space with a kitchenette and a separate entrance—offering excellent potential for a private guest suite or rental opportunity. Upstairs, the spacious primary suite includes a private balcony, creating a peaceful retreat. Additional highlights of this home include a durable, shingle-style metal roof, two tankless water heaters, ample storage, and a fenced backyard. Located just minutes from Heavenly Ski Resort and the vibrant downtown entertainment corridor. Don’t miss out on this incredible South Lake Tahoe opportunity!

864 San Francisco Ave, South Lake Tahoe
2568 Palmira Avenue, South Lake Tahoe
$980,000
IV26210610 MLS ⋅ Active Status
RARE, Recently Upgraded Triplex Units In South Lake Tahoe, Close To Sierra Blvd. And Hwy. 50. These Units Were Renovated Within The Past 4 Years As Well As The Exterior And Look Absolutely Beautiful And Pristine! Unit Mix Is A 3/2 On The Bottom, A 2/1 In The Rear, and A 1/1 In The Rear 2nd Floor. 3/2 SFR's are going in the $600's - So With This Mix You're Getting Rental Income From The Other 2 Units At A Great Price! Live In One And Rent The Others, Or Purchase These As Excellent Investments! STR's Are Not Permitted On Units As Per City Code, But One Of These Units Could Be A Good MTR Play - Check With City Regulations. Don't Miss This Amazing Deal - It Won't Last!

2568 Palmira Avenue, South Lake Tahoe
3535 Lake Tahoe Blvd Unit 432, South Lake Tahoe
$729,000
1 Beds ⋅ 1 Baths ⋅ 41148379 MLS ⋅ Active Status
Located in the premier lakefront community of Lakeland Village, this beautifully updated 1-bedroom + loft residence offers a desirable townhome-style layout just steps from Lake Tahoe. The inviting interior features vaulted ceilings, exposed beams, abundant natural light, and a cozy stone fireplace, creating a warm mountain retreat. The loft provides additional flexible sleeping space, allowing the home to live like a 2-bedroom. Enjoy resort-style amenities including a private sandy beach, pier, pool, spa, and beautifully maintained grounds. Convenient on-site open parking available for owners and guests. Situated in the highly sought-after Tourist Core where short-term vacation rentals are permitted (subject to local regulations and permitting), this property offers excellent potential as a second home or investment opportunity with strong rental appeal.

3535 Lake Tahoe Blvd Unit 432, South Lake Tahoe
1423 Rancho Way, South Lake Tahoe
$599,000
3 Beds ⋅ 2 Baths ⋅ 41148332 MLS ⋅ Active Status
Welcome to this 3-bedroom, 2-bath single-level home with garage in South Lake Tahoe’s established Bijou neighborhood. Tucked on a quiet street in Rancho Village, it is set up as a true year-round residence—not just a weekend cabin. You are minutes from Highway 50, with easy drives to Heavenly’s California Base, Heavenly Village, Stateline, Bijou Community Park, local parks, and Lake Tahoe beaches. Daily shopping, dining, and recreation are close by, so it works equally well as a primary home or a second home you can actually use in every season. Single-level living, an attached garage, and a practical Bijou location—come see it before it’s gone.

1423 Rancho Way, South Lake Tahoe
2240 Eloise, South Lake Tahoe
$1,249,000
DW26168905 MLS ⋅ Active Status
In beautiful Lake Tahoe stand these two well maintained residential income buildings on one lot, located at 2240 Eloise, South Lake Tahoe, CA 96150, is a 4,528 sq ft multi-family property built in 1960, featuring four units: three 2-bedroom townhouses and one 3-bedroom freestanding unit. Each townhome includes two bedrooms and one bathroom upstairs, with kitchen, living area, and half bath downstairs, and separately fenced rear yards. The freestanding unit offers three bedrooms and two bathrooms over two stories. The property also includes on site coin-operated laundry facilities. This is a cash flowing investment where you could live in one and have the other 3 units pay your mortgage. Drive by only! Please do not disturb tenants. The property is being sold AS IS, all information provided is to the best knowledge of seller's agent, and should be certified by buyer and buyer's agent

2240 Eloise, South Lake Tahoe
3535 Lake Tahoe Unit 505, South Lake Tahoe
$1,185,000
3 Beds ⋅ 2 Baths ⋅ SR26123548 MLS ⋅ Active Status
$100,00 price improvement, seller is motivated! This beautiful Mountain Retreat Condominium is a Rare Opportunity! Welcome to this beautifully appointed 3-bedroom, 2-bath condominium nestled in a stunning mountain setting. Offering the perfect blend of comfort, elegance, and investment potential, this exceptional property is designed to impress from the moment you arrive. Enjoy the convenience of heated walkways and pathways, providing year-round accessibility and comfort. Inside, you'll find thoughtfully curated aesthetics and sophisticated design elements throughout the home, complemented by stylish furnishings that create a warm and inviting atmosphere. Whether you're seeking a peaceful vacation retreat, a full-time mountain residence, or an income-producing investment property, this condominium offers endless possibilities. The spacious layout provides ample room for family and guests, while the surrounding mountain environment delivers breathtaking scenery and a true escape from the everyday. This turnkey property is ready for its next owner to enjoy and capitalize on all it has to offer. Don't miss this opportunity to own a beautiful mountain getaway that combines luxury, convenience, and income potential in one remarkable package.

3535 Lake Tahoe Unit 505, South Lake Tahoe
2218 Lake Tahoe Boulevard, South Lake Tahoe
$1,600,000
ML82048700 MLS ⋅ Active Status
Rare mixed-use investment opportunity in the heart of South Lake Tahoe. This income-producing property features three retail/commercial spaces, two residential 2-bedroom/1-bath units, and four RV spaces, offering diversified income potential and multiple revenue streams. Situated on approximately 0.50 acres with approximately 4,980 SF of improvements per available records, this property benefits from excellent visibility along Lake Tahoe Blvd in a high-traffic corridor. Ideal for investors seeking a value-add or stable income asset in one of South Lake Tahoe's most desirable tourism-driven markets. Strong upside through lease optimization, renovation, or repositioning. Buyer to verify all unit count, square footage, permits, zoning, RV space legality, and allowable uses with the City/County. Property information based on available public/property records. It includes 2218 & 2214 Lake Tahoe and 1008 2nd Street. ***Income figures are based on pro forma projections.***

2218 Lake Tahoe Boulevard, South Lake Tahoe
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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