$299,000
1281 Bonanza Avenue #8
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
·
879 Sq Ft
Virtual Tour

About This Property

Step inside this ground-level entry condo and discover a bright, open layout featuring an updated kitchen with elegant granite countertops, custom alder cabinetry, and modern appliances. A built-in desk nook adds both functionality and charm, making it ideal for remote work or everyday organization. The kitchen, living area, hallway, and bedrooms feature wide-plank laminate flooring throughout. Both bedrooms are generously sized and offer large windows that frame peaceful views of the surrounding pine trees. The updated bathroom includes a stall shower, a modern vanity, and upgraded fixtures. Enjoy the convenience of a carport, and just a short stroll away you'll find forest access and the Bonanza neighborhood park, perfect for outdoor recreation and relaxation. This move-in-ready condo blends thoughtful updates with a serene setting, offering the ideal mountain lifestyle while still providing all the conveniences of town living.

Listed by Jessica Woods — Sierra Sotheby's International Realty

Listing Details

Status Active
MLS # 142580
Days on Market 24
Sold Date 1800-01-01
Price/Sq Ft $340

Property History

Mar 09, 2026
Listed for sale
$299,000
Property Overview
Beds 2
Baths 1.0
Sq. Ft. 879
Lot Size 0.02 acres
Stories 1
Year Built 1965
Property Type Condominium
Style Other/See Remarks
Subdivision Le Chateau Sub
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 032381008000
Parking
Total Parking 1
Parking Features 0.00
Exterior & Lot
View Forest
Construction Wood Frame,Wood Siding
Roof Flat,Asphalt,Metal
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Natural Gas,Wall or Space Heater
Cooling Natural Gas,Wall or Space Heater
Financial
HOA Fee $347 / Monthly
HOA / Community South Tahoe Association of Realtors
HOA & Community
Community Amenities Other/See Remarks
📊

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 — 1281 Bonanza Avenue #8, South Lake Tahoe

Est. Annual Revenue
$31,950
Avg Nightly Rate
$279
Projected Occupancy
32.6%
Cap Rate
4.3%
Structural Score: 57 / 100 (Premium) · 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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($59,800)
Home price
$299,000
Loan details
30-yr fixed, 6.5%
Request a Tour
Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314
Email 9166671444

Send a Message

By submitting, you agree to our Terms of Service and Privacy Policy and consent to being contacted by Murat Gocmen.

Or call directly: 9166671444