$735,000
1148 Canarsee Street
South Lake Tahoe, CA 96150
✗ STR Not Currently Allowed — Waitlist
El Dorado County has paused new STR permits. A waitlist is in place — no new permits are being issued at this time.
3 Beds
·
2.0 Baths
·
1,512 Sq Ft

About This Property

Welcome to1148 Canarsee Stin South Lake Tahoea charming 3-bedroom, 2-bathroom home that offers a blend of tranquility and modern convenience. Situated in a quiet, sought-after neighborhood, this home backs up to open forest, providing access to scenic trails and a short walk to the Truckee River.The interior offers vaulted ceilings and an open floor plan, combining comfort and relaxation. A spacious loft provides room for a home office, reading nook, or entertainment area. Your choice! The large upper level bedroom overlooks nothing but forest, while the 2-car garage, 3-year-old roof and new furnace ensure peace of mind. Other recent updates include, stainless steel appliances, and a butcher block kitchen island.

Listed by Colin Farnsworth — Compass

Listing Details

Status Active
MLS # 142734
Sold Date 1800-01-01
Price/Sq Ft $486

Property History

Apr 16, 2026
Listed for sale
$735,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,512
Lot Size 0.14 acres
Year Built 1980
Property Type Single Family Residence
Subdivision Tahoe Paradise Addition 4
County El Dorado
STR Jurisdiction El Dorado County
APN 033853004000
Parking
Garage Spaces 2
Parking Features 2.00
Attached Garage Yes
Exterior & Lot
Exterior Features Bear-Proof Trash Can
Lot Features Adjacent to Forest
View Forest
Construction Wood Frame,Wood Siding
Roof Composition
Utilities & Systems
Heating Forced Air,Natural Gas,Fireplace
Cooling Forced Air,Natural Gas,Fireplace
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 — 1148 Canarsee Street, South Lake Tahoe

Est. Annual Revenue
$43,262
Avg Nightly Rate
$318
Projected Occupancy
36.4%
Cap Rate
2.4%
Structural Score: 67 / 100 (Premium) · 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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($147,000)
Home price
$735,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
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Email 9166671444

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