$499,000 Pending
1160 Herbert Avenue #A
South Lake Tahoe, CA 96150
⏳ STR — New Permits Waitlisted
City of South Lake Tahoe VHR permit required — and as of August 21, 2026 ALL new permit applications are automatically waitlisted as the city approaches its 900-permit residential cap. There is no guarantee a new owner will obtain a permit, and permits do NOT transfer on sale. Do not count on rental income without a permit in hand.
3 Beds
·
2.0 Baths
·
1,161 Sq Ft

About This Property

Escape to the heart of South Lake Tahoe with this beautifully updated mountain retreat! Located at **1160 Herbert Ave #A**, this turnkey condo perfectly blends timeless alpine charm with fresh, modern finishes, creating a space that's as inviting as it is effortless. Whether you're searching for a full-time residence, a weekend escape, or an income-producing investment, this property checks every box. Just minutes from Heavenly Ski Resort, pristine beaches, vibrant restaurants, shopping, and endless year-round recreation, you'll spend less time driving and more time embracing the Tahoe lifestyle. After a day on the slopes, hiking the trails, or relaxing by the lake, come home to a cozy, stylish retreat designed for making memories. Adventure, convenience, and mountain living come together in one exceptional opportunity—this is Tahoe living at its finest.

Listed by Kaili Sanchez — COMPASS

Listing Details

Status Pending
MLS # 20261292
Days on Market 75
Sold Date 2026-08-29
Price/Sq Ft $430

Property History

Jun 26, 2026
Listed for sale
$499,000
Current
Pending
$499,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Oct 2020 · county record $289,000 Deed record — brokerage sides not reported

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; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,161
Year Built 1964
Property Type Residential
Style Chalet
Subdivision SurroundingArea
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 025701027000
Parking
Parking Features None
Exterior & Lot
Lot Features Street
Foundation Concrete Perimeter
Utilities & Systems
Heating Natural Gas
Financial
HOA Fee $700 / Monthly
HOA & Community
Community Amenities Pool
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Standard
43
PROJECTED GROSS ANNUAL REVENUE
$30K – $55K typically ~$40,000
~$3,333 per month
Avg Nightly
$209
Occupancy
52%
Cap Rate
3.3%

STR Investment Summary — 1160 Herbert Avenue #A, South Lake Tahoe

No revenue projection. Short-term rental permits are not currently obtainable here — the local jurisdiction has reached its permit cap or is waitlisting all new applications.
Est. Gross Annual Revenue
$30K – $55K
typically ~$40,000
Avg Nightly Rate
$209
Projected Occupancy
52.4%
Cap Rate
3.3%
Structural Score: 43 / 100 (Standard) · STR Zone: Red

Based on comparable vacation rental performance data for South Lake Tahoe. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
1,162 sq ft covered of 349 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
1,162 sq ft
Allowed Coverage
349 sq ft · 30%
Existing Coverage
1,162 sq ft · 100%
Addable Coverage
0 sq ft
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% ($99,800)
Home price
$499,000
Loan details
30-yr fixed, 6.5%
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