$619,000 Active Under Contract
1186 Martin 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 (residential zones), so availability varies. Verify current permit availability before counting on rental income.
4 Beds
·
2.0 Baths
·
1,960 Sq Ft

About This Property

Spacious, recently remodeled single-story home in the desirable Tahoe Sierra neighborhood. This 1,960 sq ft 4-bedroom, 2-bath home offers flexible living with the potential to function as a 5-bedroom.The house is virtually staged.Inside, you'll find a bright, open layout featuring a massive living room and separate family room complete with a bar and cozy gas fireplace perfect for entertaining or relaxing. The home has been thoughtfully updated with a brand-new kitchen and bathrooms, quartz countertops, stainless steel appliances, fresh paint, and durable vinyl plank oak flooring throughout.The versatile floor plan allows for customization: the front room can serve as a formal living space or be converted into a private bedroom. It's large enough to expand into a stunning primary suite with the addition of a bathroom and walk-in closet. The back room offers even more flexibility as a home office or bedroom with the option to add a closet.Step outside to a large, sunny, fully fenced yard designed for low maintenance and maximum enjoyment. There's plenty of space for a hot tub, play structure, or garden. A charming mini 8ftx10ft cottage matching the home adds bonus functionality, ideal as a playhouse, potting shed, or creative retreat.Additional features include a carport with storage (easily convertible to a garage with the addition of a door) and ample off-street parking for up to seven vehicles.A rare combination of space, updates, and versatility in a sought-after Tahoe location.Tahoe Sierra Neighborhood Benefits Outdoor Access: Ideally located near the Tahoe Mountain Forest, offering immediate access to hiking, mountain biking, and snowshoeing right out your door. Meadow & River Setting: Surrounded by beautiful, open meadows along the Upper Truckee River and Trout Creek, creating a serene, natural environment with scenic views and wildlife. Central Convenience: Easy access to Lake Tahoe Blvd and Pioneer Trail makes commuting simple while keeping you close to local restaurants, shopping, and the lake. Bike-Friendly Connectivity: Enjoy a dedicated multi-use bike trail that enhances accessibility and connects you to nearby neighborhoods and outdoor destinations.

Listed by Svetlana Raleigh — Svetlana Raleigh, Broker

Listing Details

Status Active Under Contract
MLS # 142944
Days on Market 57
Sold Date 1800-01-01
Price/Sq Ft $316

Property History

May 20, 2026
Listed for sale
$619,000
Current
Pending
$619,000
Property Overview
Beds 4
Baths 2.0
Sq. Ft. 1,960
Lot Size 0.12 acres
Year Built 1961
Property Type Single Family Residence
Style Ranch
Subdivision Tahoe Sierra 3
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 031203017000
Exterior & Lot
Exterior Features Storage Shed, Dog Run
Construction Wood Frame
Roof Pitched, Composition
Foundation Concrete/Crawl Space
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 — 1186 Martin Avenue, South Lake Tahoe

Est. Annual Revenue
$60,132
Avg Nightly Rate
$332
Projected Occupancy
49.6%
Cap Rate
3.9%
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

Room to build
1,347 sq ft covered of 1,502 sq ft allowed
155 sq ft of coverage still available to add.
Parcel Size
5,006 sq ft
Allowed Coverage
1,502 sq ft · 30%
Existing Coverage
1,347 sq ft · 27%
Addable Coverage
155 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% ($123,800)
Home price
$619,000
Loan details
30-yr fixed, 6.5%
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