8438 Dolly Varden Ave, Kings Beach, CA 96143

Versatile North Shore Tahoe Property with Huge Price Improvement! Discover an exceptional opportunity in the heart of Tahoe’s desirable North Shore! This unique property offers two separate living spaces on a large, fenced-in parcel, making it ideal for a variety of lifestyles and investment strategies. Main Residence: A well-maintained single-level home featuring 3 spacious bedrooms and 2 full bathrooms, designed for comfort and functionality. Enjoy an open living area, a practical kitchen layout, and easy access to the expansive yard—perfect for entertaining, gardening, or relaxing in the mountain air. Second Unit: A separate income-generating apartment provides flexibility for rental income, guest accommodations, or multi-generational living. This unit adds tremendous value and versatility to the property. Property Highlights: Large fenced yard offering privacy and space for outdoor activities Parking for four vehicles Centrally located near shops, restaurants, trails, and Lake Tahoe recreation Ideal for full-time living, vacation home use, or investment Income potential with two distinct living spaces Whether you're a first-time buyer, investor, or looking for a multi-generational setup, this property checks all the boxes. Don’t miss out on this rare chance to own a flexible and valuable piece of Tahoe real estate—now at a significantly improved price! : : More details, read on: Downstairs Unit (3 Bed / 2 Bath) Spacious single-level layout with hardwood floors and a large stone fireplace Updated kitchen with open-concept living and dining area Private deck off the primary bedroom, also accessible from the kitchen/laundry Covered front porch entry for year-round convenience Upstairs Unit (1 Bed / 1 Bath) Charming loft-style ceilings with skylight and dormer windows Bright and airy with great natural light Private entry deck off the kitchen Additional Features One-car garage/workshop with concrete floor and built-in storage Backyard shed for tools and gear Fully fenced yard—ideal for pets, gardening, or entertaining Current tenants would love to stay—great investment potential! Tahoe's Northshore offers homeowners recreation benefits including tennis, pickleball, x-country skiing tracks, bike trails, hiking, boat launch area, paddleboard and kayak storage at the beach, walkable community, and more. Old Brockway Golf Course is only a few blocks away. Fine dining and simple, good food, delis and restaurants, and sandy beach fun are all nearby. Whether you're looking to live in one unit and rent the other, host extended guests, or generate passive income, this home offers flexibility and value in a prime Tahoe location.