$449,000 Active
1081 Craig Avenue
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, so availability varies. Verify current permit availability before counting on rental income.
2 Beds
·
1.0 Baths
·
684 Sq Ft
Virtual Tour

About This Property

Experience the charm of Old Tahoe in this classic log cabin nestled in the highly sought-after Bijou Pines neighborhood. Originally built in 1940, this cozy 2-bedroom, 1-bath cabin showcases much of its original character, including the authentic log exterior and impressive rock fireplace, while thoughtful updates such as newly renovated kitchen, flooring, freshly painted inside and outside and updated bathroom, a gas fireplace insert and newer composition roof provide modern comfort and convenience.Perfectly situated just a short distance from Lake Tahoe's beaches and parks, the new recreation center, ice rink, restaurants, shopping, and more, this home offers the rare combination of being in the heart of it all while still feeling tucked away in one of Tahoe's most beloved original communities.Inside, you'll find two comfortable bedrooms, a loft ideal for additional storage, and plenty of charm throughout. Outside, enjoy the deck, a large storage shed, and an oversized paved two-car driveway with ample parking. The outdoor spaces are perfect for relaxing, entertaining, or storing all your Tahoe gear.Whether you're seeking a seasonal mountain retreat or a cozy Tahoe home base, this charming cabin offers the character, location, and lifestyle that make Lake Tahoe living so special.

Listed by Fawne Hayes — Chase International - South Lake Tahoe

Listing Details

Status Active
MLS # 143083
Sold Date 1800-01-01
Price/Sq Ft $656

Property History

Jun 20, 2026
Listed for sale
$449,000
Property Overview
Beds 2
Baths 1.0
Sq. Ft. 684
Lot Size 0.13 acres
Stories 1
Year Built 1940
Property Type Single Family Residence
Style Cabin
Subdivision Bijou Pines
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 027222003000
Parking
Parking Features 0.00
Exterior & Lot
Exterior Features Storage Shed
Construction Wood Frame,Wood Siding
Roof Composition
Utilities & Systems
Heating Other/See Remarks
Cooling Other/See Remarks
Financial
HOA / Community South Tahoe Association of Realtors
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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 — 1081 Craig Avenue, South Lake Tahoe

Est. Annual Revenue
$35,846
Avg Nightly Rate
$246
Projected Occupancy
39.6%
Cap Rate
3.2%
Structural Score: 44 / 100 (Standard) · STR Zone: Yellow

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

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% ($89,800)
Home price
$449,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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