$699,000 $735,000 ↓ $36,000 reduced Active
1148 Canarsee Street
South Lake Tahoe, CA 96150
✗ STR Not Allowed — Cap Reached, Waitlist Full
El Dorado County's STR program is at cap and the waitlist is full — no new permits are being issued.
3 Beds
·
2.0 Baths
·
1,512 Sq Ft

About This Property

Welcome to 1148 Canarsee St. in South Lake Tahoe. A 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
Days on Market 90
Sold Date 1800-01-01
Price/Sq Ft $462

Property History

Apr 17, 2026
Listed for sale
$699,000
Jul 02, 2026
Price changed
$699,000
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 Garage Door Opener
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
📊

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
$230
Projected Occupancy
51.6%
Cap Rate
2.5%
Structural Score: 67 / 100 (Premium) · STR Zone: Red

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

Room to build
1,765 sq ft covered of 1,844 sq ft allowed
79 sq ft of coverage still available to add.
Parcel Size
6,147 sq ft
Allowed Coverage
1,844 sq ft · 30%
Existing Coverage
1,765 sq ft · 29%
Addable Coverage
79 sq ft
Existing Units
1

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Figures come from TRPA's public parcel data and are estimates; verify before relying on them for a build or purchase.

Verify on Tahoe Info ↗

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% ($139,800)
Home price
$699,000
Loan details
30-yr fixed, 6.5%
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