$269,000 Closed
1223 Bonanza Avenue #7
South Lake Tahoe, CA 96150
SOLD 2026-07-10
Sold for $263,000 (listed at $269,000)
2 Beds
·
1.0 Baths
·
841 Sq Ft

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It sold for $263,000 on 2026-07-10, and prices have moved since. Three boxes: leave your number and Murat calls you with what it would sell for today, priced from the latest closed sales nearby.

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About This Property

Back on the market due to no fault of the seller. Here's is your lowest price 2 bedroom in South Lake Tahoe! Combined with the lowest HOA dues in town, equals affordable Lake Tahoe living. Possible Short Term Rental Opportunity! Fantastic affordable starter home or investment ski condo only 6 miles to Heavenly Ski Resort and ideally located in town within walking distance to many restaurants, retail shops, grocery stores and a climbing gym. This 2 bedroom/1 bath unit has recently been upgraded with Mohawk Laminate flooring throughout, newly painted and is conveniently located on the ground floor. No worries about slippery steps in the winter! And the kids will love the Bonanza Neighborhood Park located just next to the complex with basketball hoops, an awesome play structure and lots of room to run around. HOA dues include exterior building fire insurance, snow removal, parking, exterior maintenance, on-site laundry, mail boxes and unlimited hot water. Buyers encouraged to do their due diligence on the new STR rules and availability of permits. Home is being sold with furnishings included.

Listed by Kimberly Cramer — Compass

Listing Details

Status Closed
MLS # 142490
Sold Date 2026-07-10
Sold Price $263,000
Price/Sq Ft $320

Property History

Jan 31, 2026
Listed for sale
$264,000
Aug 02, 2026
Sold
$263,000
Property Overview
Beds 2
Baths 1.0
Sq. Ft. 841
Lot Size 0.02 acres
Year Built 1965
Property Type Condominium
Subdivision Corte D Azur
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 032371007000
Parking
Parking Features None
Exterior & Lot
Construction Wood Frame
Roof Flat, Asphalt
Foundation Slab
Utilities & Systems
Heating Electric, Wall or Space Heater
Financial
HOA Fee $319 / Monthly
HOA & Community
Community Amenities Additional Parking

STR Investment Summary — 1223 Bonanza Avenue #7, 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.
Structural Score: 42 / 100 (Standard) · STR Zone: Red

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
594 sq ft covered of 256 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
854 sq ft
Allowed Coverage
256 sq ft · 30%
Existing Coverage
594 sq ft · 70%
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 ↗ How the Basin compares
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