$508,000 $524,000 ↓ $16,000 reduced Active
1366 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.
2 Beds
·
2.0 Baths
·
1,300 Sq Ft

About This Property

Nestled in a quiet mountain setting, this approximately 1300 sq ft home offers a rare opportunity to create your own retreat. Surrounded by nature, flowering plants and mature trees, this property provides peace and tranquility in a serene, park-like atmosphere.This rustic home has solid potential with a functional layout and charming mountain character. Several skylights provide channels of natural light which create a bright and cheerful environment and provide warmth in the cold months for lower heating bills.The living room leads to a peaceful garden setting, creating a seamless connection to the outdoors and providing a tranquil back drop throughout the year.The owner is selling the oversized buildable lot next door. Purchase together as a package and own an unrivaled Tahoe mini-estate.

Listed by Moe Leonard — RE/MAX Gold - SLT

Listing Details

Status Active
MLS # 143049
Days on Market 27
Sold Date 1800-01-01
Price/Sq Ft $391

Property History

Jun 19, 2026
Listed for sale
$508,000
Jun 27, 2026
Price changed
$518,000
Jul 09, 2026
Price changed
$508,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,300
Lot Size 0.19 acres
Stories 1
Year Built 1961
Property Type Single Family Residence
Style Ranch
Subdivision W D Barton Tr
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 032162011000
Parking
Parking Features 0.00
Exterior & Lot
Exterior Features Storage Shed
Construction Wood Frame
Roof Other
Foundation Slab
Utilities & Systems
Heating Fireplace
Cooling Fireplace
Financial
HOA / Community South Tahoe Association of Realtors
📊

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 — 1366 Bonanza Avenue, South Lake Tahoe

Est. Annual Revenue
$39,658
Avg Nightly Rate
$201
Projected Occupancy
54.0%
Cap Rate
3.1%
Structural Score: 45 / 100 (Standard) · STR Zone: Yellow

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

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
2,423 sq ft covered of 2,824 sq ft allowed
402 sq ft of coverage still available to add.
Parcel Size
9,414 sq ft
Allowed Coverage
2,824 sq ft · 30%
Existing Coverage
2,423 sq ft · 26%
Addable Coverage
402 sq ft
Existing Units
1

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Figures come from TRPA's public parcel data and are estimates; verify before relying on them for a build or purchase.

Verify on Tahoe Info ↗

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% ($101,600)
Home price
$508,000
Loan details
30-yr fixed, 6.5%
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