$915,000 $960,000 ↓ $45,000 reduced Active
1040 Truckee Drive
South Lake Tahoe, CA 96150
✓ STR Allowed — Permit Required
City of South Lake Tahoe requires a Vacation Home Rental (VHR) permit — capped at roughly 900 permits citywide (residential zones), so availability varies. Verify current permit availability before counting on rental income.
3 Beds
·
2.0 Baths
·
2,472 Sq Ft

About This Property

If you are looking for a centrally located home, here it is! Located within walking distance of quick meadow access and a prime location just minutes from local restaurants, shopping, and Barton Hospital. There's plenty of room to spread out with two entertainment areas, 3 bedrooms, multiple floors, and over 2,400 sq ft! Enjoy an en-suite bathroom, with a jetted tub, to the primary bedroom located on the top floor with views of mountain trees. The bottom floor features 2 additional bedrooms and a full bath with living space, access to the backyard, and dedicated laundry room. There is also an attached 2-car garage, providing ample storage for vehicles and outdoor gear. Whether you're enjoying the serene natural setting or the convenience of nearby amenities, this property blends comfort, space, and location in one.

Listed by Kilinoe Rahbeck — KOR Realty, Inc.

Listing Details

Status Active
MLS # 142619
Days on Market 145
Sold Date 1800-01-01
Price/Sq Ft $370

Property History

Mar 20, 2026
Listed for sale
$915,000
Jun 25, 2026
Price changed
$915,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
May 2023 $915,000 Scott WadsworthSierra Sotheby's International Realty Kili O RahbeckKOR Realty, Inc.

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed.

Property Overview
Beds 3
Baths 2.0
Sq. Ft. 2,472
Lot Size 0.12 acres
Stories 2
Year Built 2007
Property Type Single Family Residence
Style Split Level
Subdivision W D Barton
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 031045005000
Parking
Garage Spaces 2
Parking Features 2.00
Attached Garage Yes
Exterior & Lot
Exterior Features Bear-Proof Trash Can
View Mountains,Meadow,Forest
Construction Wood Frame,Wood Siding
Roof Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air,Natural Gas
Cooling Forced Air,Natural Gas
Financial
HOA / Community South Tahoe Association of Realtors
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

STR Investment Summary — 1040 Truckee Drive, South Lake Tahoe

Est. Annual Revenue
$54,335
Avg Nightly Rate
$292
Projected Occupancy
51.0%
Cap Rate
2.4%
Structural Score: 64 / 100 (Premium) · STR Zone: Yellow

Based on comparable vacation rental performance data for South Lake Tahoe. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
2,097 sq ft covered of 1,506 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
5,022 sq ft
Allowed Coverage
1,506 sq ft · 30%
Existing Coverage
2,097 sq ft · 42%
Addable Coverage
0 sq ft
IPES Score
801.0
Land Capability · TRPA-verified
IPES
Existing Units
1

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Estimated coverage — data: TRPA GIS / Tahoe Open Data. The only authoritative determination of coverage and land capability is a Land Capability Verification through TRPA; actual allowable coverage can differ due to verifications, transfers, banked coverage, or deed restrictions.

TRPA parcel fact sheet ↗

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($183,000)
Home price
$915,000
Loan details
30-yr fixed, 6.5%
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