$1,995,000 Active
1705 Venice Drive
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.
5 Beds
·
4.0 Baths
·
2,161 Sq Ft

About This Property

If you're looking for a home that checks all boxes in the Tahoe Keys, this is it. Situated on a corner parcel and siding a vacant TKPOA grassy lot, with views of Freel Peak and Mount Tallac, the indoor and outdoor setting can't be beat. A hot tub is set on the rooftop deck, and a spiral staircase leads to two additional decks, the beautiful grassy lawn and private boat dock. Inside, vaulted ceilings and picture windows create a light and bright living space - showing off the views of the mountains and wide channel. The upstairs is complete with a full bathroom and the primary suite. Downstairs sits four additional bedrooms, two bathrooms and the two-car-garage. The Tahoe Keys POA features two pools, private beaches, hot tubs, tennis courts, a playground, security and so much more.Just minutes to world-class-skiing, hiking and biking trails, the casinos and all that South Shore has to offer - a must see!

Listed by Chris Hernandez — Compass

Listing Details

Status Active
MLS # 143284
Sold Date 1800-01-01
Price/Sq Ft $923

Property History

Aug 01, 2026
Listed for sale
$1,995,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Sep 2019 · county record $1,090,000 Deed record — brokerage sides not reported

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed.

Property Overview
Beds 5
Baths 4.0
Sq. Ft. 2,161
Lot Size 0.20 acres
Year Built 1988
Property Type Single Family Residence
Subdivision Unavail
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 022322044000
Parking
Garage Spaces 2
Attached Garage Yes
Exterior & Lot
Exterior Features Bear-Proof Trash Can, Boat Dock
Lot Features Water Front
View Canal, Mountains, Forest
Construction Wood Frame, Masonry
Roof Pitched, Flat
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
Financial
HOA Fee $1,800 / Quarterly
HOA & Community
Community Amenities Pool, Tennis, Hot Tub, Club House, Security, Beach, Pier, Boat Launch, Marina, Park
📊

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 — 1705 Venice Drive, South Lake Tahoe

Est. Annual Revenue
$69,143
Avg Nightly Rate
$393
Projected Occupancy
48.2%
Cap Rate
1.4%
Structural Score: 70 / 100 (Premium) · 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

Over coverage limit
1,996 sq ft covered of 1,897 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
8,729 sq ft
Allowed Coverage
1,897 sq ft · 22%
Existing Coverage
1,996 sq ft · 23%
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 ↗

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% ($399,000)
Home price
$1,995,000
Loan details
30-yr fixed, 6.5%
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