luxury apartments / penthouses for sale El Dorado County, United States

Great opportunity situated on a corner lot in South Lake Tahoe's beloved Tahoe Island neighborhood. This listing includes two separate homes on a single parcel, offering a level of flexibility that's hard to come by in the Tahoe market. The main home is a two-bedroom, one-bath with a one-car garage. An additional one-bedroom, one-bath home sits alongside it. Both are ready for a new owner to update them and make them their own. Tahoe Island is one of those neighborhoods that locals genuinely love. It's established, peaceful, and well-located in South Lake Tahoe, close to the lake, the mountains, and everything that makes Tahoe living worth it. The options here are real. Live in one home and rent the other. Use both as income-generating rentals. Renovate and hold. The South Lake Tahoe rental market is strong year-round, and a two-unit property gives you room to build a strategy that fits your goals. The seller is also open to financing the property, which can be a meaningful advantage for creative deal structures. Dual unit properties with this kind of upside don't sit on the market long. If you've been waiting for the right Tahoe investment or a home with real income potential, this is worth a closer look.

Own a priceless piece of American history. Main 2,583 sq. ft. Victorian residence plus an income-producing 1,680 sq. ft. duplex, just steps from Historic Main Street's dining, shopping, and entertainment. Welcome to one of Placerville's most enchanting Victorian estates. Built in the 1880s, this remarkable home has been thoughtfully restored by its current owners, preserving its rich heritage while embracing the comfort and convenience of modern living. The main home offers 4 spacious bedrooms, 2 remodeled baths with high-end finishes, an office, a large laundry/mud room, and a formal dining room overlooking the peaceful backyard. Every corner of this home reflects the craftsmanship of a bygone era original hardwood floors, a gracefully curved staircase with its hand-carved wood banister, soaring ceilings, and luminous original glass accents that cast the home in a warm, timeless glow. Beyond its beauty, the property has been thoughtfully improved over time, including a lifetime Class A cool roof, a newer dual-zone HVAC system, updated electrical wiring, panels, switches, outlets, light and plumbing fixtures, as well as a continuous tankless hot water system, offering peace of mind for years to come. The heart of the home is a beautifully reimagined, state-of-the-art kitchen outfitted with a Wolf range with flat iron griddle (circa 1987), a large farm sink, filtered water tap, 30-inch deep quartz countertops, floor-to-ceiling custom cabinetry, and an 8-foot island with a 42-inch copper eating top and a 36-inch butcher block work surface. It's a chef's dream wrapped in historic character. The grounds have been carefully enhanced to complement the home's charm, featuring an engineered concrete retaining wall with an antique plaster finish that gracefully separates the main residence from the duplex, a new 6-foot-wide sidewalk, decomposed granite walkways, a herringbone brick patio, raised garden planters, and wrought iron fencing with a locking front gate, creating a cohesive and inviting outdoor setting. The property includes an updated 1,680 sqft duplex with its own private driveway, consisting of two 1-bedroom, 1-bath units that can generate approximately $3,700 per month in income. Properties with such beautifully preserved history area rare find. We welcome you to tour this special estate and fall in love!