$324,900 Active
1223 Bonanza Avenue
South Lake Tahoe, CA 96150
✓ STR Allowed — Permit Required
City of South Lake Tahoe requires a Vacation Home Rental (VHR) permit. Permits are available citywide.
2 Beds
·
1.0 Baths
·
841 Sq Ft
Virtual Tour

About This Property

Turnkey Tahoe living at its finest. This fully renovated 2-bedroom, 1-bath condo in the sought-after Y community puts you at the heart of everything South Lake Tahoe has to offer just 6 miles from Heavenly Ski Resort and 2 miles from the stunning shores of Lake Tahoe.Every inch of this single-level unit has been thoughtfully updated. The open-concept kitchen impresses with white shaker cabinets, black quartz countertops, a designer tile backsplash, and brand-new stainless steel appliances. New luxury vinyl plank flooring flows throughout, complemented by fresh dual-pane windows, recessed lighting, and newly textured and painted walls and ceilings. The remodeled bathroom features floor-to-ceiling tile in the shower/tub surround and a granite vanity countertop. Both bedrooms are spacious and bright with mirrored closet doors, new ceiling fans, and blackout privacy shades.The HOA covers water, snow removal, exterior maintenance, roof repairs, refuse, on-site laundry, a security system, and an HO-6 insurance policy including fire hazard coverage plus unlimited hot water. Additional parking available.Steps from restaurants, shops, a climbing gym, and grocery stores. Whether you're seeking a full-time residence, weekend retreat, or investment property, this is your perfect Tahoe base camp.Furnishings included!

Listed by Christina Dille — Compass

Listing Details

Status Active
MLS # 143020
Days on Market 8
Sold Date 1800-01-01
Price/Sq Ft $386

Property History

May 31, 2026
Listed for sale
$324,900
Property Overview
Beds 2
Baths 1.0
Sq. Ft. 841
Stories 1
Year Built 1965
Property Type Condominium
Subdivision Gardner Mountain 5
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023693004000
Parking
Parking Features 0.00
Exterior & Lot
Construction Wood Frame,Stucco
Utilities & Systems
Heating Natural Gas,Wall or Space Heater
Cooling Natural Gas,Wall or Space Heater
Financial
Annual Tax $3,809
HOA Fee $320 / Monthly
HOA / Community South Tahoe Association of Realtors
HOA & Community
Community Amenities Additional Parking
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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 — 1223 Bonanza Avenue, South Lake Tahoe

Est. Annual Revenue
$44,845
Avg Nightly Rate
$262
Projected Occupancy
44.7%
Cap Rate
5.5%
Structural Score: 51 / 100 (Standard) · STR Zone: Yellow

Based on comparable vacation rental performance data for South Lake Tahoe. Revenue projections are estimates and may vary.

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% ($64,980)
Home price
$324,900
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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