$615,000 Active
1202 Bonanza 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.
3 Beds
·
2.0 Baths
·
1,432 Sq Ft

About This Property

Charming Tahoe getaway with storybook curb appealthis delightful home feels like a gingerbread house tucked into a Thomas Kinkade painting. Adorned with a warm knotty-pine interior, inviting rock hearth, front porch, and rear deck, this home captures the classic character and cozy ambiance of a Tahoe retreat. Ideally situated directly across from the neighborhood park, the property offers approximately 1,432 square feet of living space with an incredibly comfortable and functional layout featuring a family room and a bonus room that could easily serve as a 4th bedroom, home office, or additional sleeping space. The quarter-acre lot provides room to enjoy the outdoors among mature pines, while the location offers exceptional access to all that South Lake Tahoe has to offer.Whether you're looking for a second-home retreat, mountain escape, or an opportunity to explore vacation-rental possibilities, this property offers plenty of potential. Offered furnished, making it easy to step in and start enjoying Tahoe right away. Bring your vision and create your own memorable mountain retreat, conveniently located near some of the area's best beaches, recreation areas, dining, and attractions, as well as world-class ski resorts including Heavenly Mountain Resort. Minutes from the Tahoe Keys, this location is also ideal for boating enthusiasts, with the Tahoe Keys Marina and the opportunity to secure a slip just a short drive away.A wonderful opportunity to experience the best of the Tahoe lifestyle in every season!

Listed by Mackenzie Martin — Mountain Luxury Properties

Listing Details

Status Active
MLS # 143392
Days on Market 1
Sold Date 1800-01-01
Price/Sq Ft $429

Property History

Aug 21, 2026
Listed for sale
$615,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Aug 2011 · county record $210,000 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.

Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,432
Lot Size 0.25 acres
Year Built 1960
Property Type Single Family Residence
Style Cabin
Subdivision Unavail
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 032152003000
Exterior & Lot
View Filtered, Forest
Construction Wood Frame, Wood Siding
Roof Pitched, Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Natural Gas, Wall or Space Heater
Financial
Annual Tax $2,988
📊

STR Investment Analysis

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

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Standard
46
PROJECTED GROSS ANNUAL REVENUE
$35K – $55K typically ~$41,744
~$3,479 per month
Avg Nightly
$219
Occupancy
52%
Cap Rate
2.7%

STR Investment Summary — 1202 Bonanza Avenue, South Lake Tahoe

Est. Gross Annual Revenue
$35K – $55K
typically ~$41,744
Avg Nightly Rate
$219
Projected Occupancy
52.3%
Cap Rate
2.7%
Structural Score: 46 / 100 (Standard) · STR Zone: Yellow

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

Room to build
872 sq ft covered of 3,287 sq ft allowed
2,416 sq ft of coverage still available to add.
Parcel Size
10,957 sq ft
Allowed Coverage
3,287 sq ft · 30%
Existing Coverage
872 sq ft · 8%
Addable Coverage
2,416 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% ($123,000)
Home price
$615,000
Loan details
30-yr fixed, 6.5%
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