About This Property
Substantial Price Improvement-Exceptional Tahoe Flexible Living Opportunity!Surrounded by towering pines with beautiful mountain views and direct access to U.S. Forest Service land, this Country Club Estates home offers the perfect blend of privacy, recreation, and income potential. The fully self-contained lower-level suite features a private entrance, bedroom, bath, country kitchenette, and dedicated laundry, offering excellent flexibility for multigenerational living, guests, or long-term rental income of approximately $1,300 to $1,600 per month.The bright main level offers an open floor plan with two bedrooms, one-and-a-half baths, and large windows that fill the home with natural light. Separate laundry on each level adds convenience for dual living.Step outside to a fully fenced backyard with rear gate access to miles of forest trails, a low-maintenance composite deck, and a WiFi-controlled hot tub, perfect after a day of skiing, hiking, or biking.Recent upgrades include a newer roof with added insulation, forced-air heating with WiFi smart thermostat, tankless water heater, newer double-pane windows, newer driveway, storage shed, timed sprinkler system, bear-proof garbage enclosure, and Ring security system.Just minutes from world-class skiing, golf, beaches, shopping, and dining, this versatile property is an exceptional opportunity as a primary residence, vacation home, or investment property with built-in income potential.
Listing Details
Property History
STR Investment Analysis
Red ZoneSTR Investment Summary — 1869 Elks Club Drive, South Lake Tahoe
Based on comparable vacation rental performance data for South Lake Tahoe. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Revenue projections are estimates and may vary.
Land Coverage (TRPA)
Tahoe Regional Planning Agency impervious-coverage budget for this parcel
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
