$235,000 Active
1351 Gilmore Lake Road
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.

About This Property

Motivated Seller says "All Offers Will Be Looked At." Are you looking to build your dream Lake Tahoe home? Be sure to check out 1351 Gilmore Lake Rd in South Lake Tahoe's desirable Bijou neighborhood. This spacious, level lot spans approximately 11,528 square feet (0.26 acres) has a high IPES score and 30% coverage making this one of the best values to be found amongst today's vacant land listings. This lot offers the perfect blend of natural light amidst beautiful pine trees and is in a neighborhood of beautiful homes and quiet settings. Nearby outdoor recreation sites include the Bijou Community Park, Heavenly Ski Resort, Van Sickle Park, the Bijou Golf Course and Lake Tahoe Beaches. Shopping and dining opportunities are plentiful.Situated just one mile from Heavenly Ski Resort and Lake Tahoe, and only 1.5 miles from the downtown area, the location provides convenient access to a variety of outdoor recreational activities and amenities. Additional nearby recreation sites include the Van Sickle Park, the Bijou Golf Course, the Rainbow Trail and the Bijou Community Park. Hiking, biking, skiing, water - they are all part of the package known as living the Tahoe lifestyle.

Listed by Donald Souers — Berkshire Hathaway Home Services Drysdale Properties - South Lake Tahoe

Listing Details

Status Active
MLS # 141597
Days on Market 387
Sold Date 1800-01-01

Property History

May 14, 2025
Listed for sale
$235,000
Property Overview
Lot Size 0.27 acres
Property Type UnimprovedLand
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 025224005000
📊

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%

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% ($47,000)
Home price
$235,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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