$1,850,000 Active
1870 Venice Drive
South Lake Tahoe, CA 96150
⏳ STR — New Permits Waitlisted
City of South Lake Tahoe VHR permit required — and as of August 21, 2026 ALL new permit applications are automatically waitlisted as the city approaches its 900-permit residential cap. There is no guarantee a new owner will obtain a permit, and permits do NOT transfer on sale. Do not count on rental income without a permit in hand.
4 Beds
·
3.5 Baths
·
2,527 Sq Ft

About This Property

Breathtaking, unobstructed views of Mount Tallac stretch across the tranquil lagoon from this immaculate Tahoe Keys residence, creating an unforgettable backdrop for year-round mountain living. Built in 2015, this beautifully maintained 4-bedroom, 3.5-bath home offers approximately 2,527 square feet of thoughtfully designed living space with a modern aesthetic, vaulted ceilings, shaker-style cabinetry and doors, contemporary bathrooms, and dual fireplaces.The versatile floor plan includes two primary suites, with one conveniently located downstairs and a spacious upstairs primary retreat featuring a soaking tub and frameless glass shower. A dedicated bunk room adds flexible sleeping space for family and guests, making the home especially well suited for weekends, holidays, and extended stays. Designed for both relaxing and entertaining, the home features generous living spaces, a wet bar with beverage refrigerator, indoor laundry room, and both upstairs and downstairs decks. The upstairs deck provides an incredible vantage point for taking in the lagoon and breathtaking Mount Tallac views. Step outside to the expansive backyard and private fishing dock, located at the perfect place in the lagoon to fish for bass and bluegill. Whether enjoying morning coffee by the water, an afternoon on the lagoon, or sunset against the mountain backdrop, the outdoor setting is one of the home's defining features. Atwo-car garage with an expansive locked storage area. Tahoe Keys offers an impressive collection of resort-style amenities, including indoor and outdoor pools, spas, tennis and pickleball courts, a private beach, Pavilion Pier extending out over Lake Tahoe, an enclosed children's playground, and multiple parks throughout the community. Beyond the home, enjoy everything that makes South Lake Tahoe an extraordinary year-round destination. Spend winter days skiing and snowboarding at Heavenly Mountain Resort, evenings dining, shopping and exploring Heavenly Village, or enjoying the entertainment and casinos just across the state line. Tee it up at the iconic lakefront Edgewood Tahoe Golf Course, relax along the shoreline at Pope Beach, or explore the spectacular scenery of Emerald Bay State Park. From boating, hiking and biking in the warmer months to world-class skiing in winter, South Lake Tahoe offers an incredible combination of recreation, entertainment and natural beauty just minutes from home.A rare opportunity to own a modern, move-in-ready Tahoe retreat combining flexible living space, immaculate turnkey condition, waterfront recreation, resort-style amenities, and some of the most striking Mount Tallac views in Tahoe.

Listed by Dustin Holdt — Christie's International Real Estate Sereno

Listing Details

Status Active
MLS # 143433
Days on Market 10
Sold Date 1800-01-01
Price/Sq Ft $732

Property History

Sep 03, 2026
Listed for sale
$1,850,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
May 2021 · county record $1,499,000 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; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 4
Baths 3.5
Sq. Ft. 2,527
Lot Size 0.24 acres
Year Built 2015
Property Type Single Family Residence
Style Contemporary
Subdivision Tahoe Keys 01
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 022344023000
Parking
Garage Spaces 2
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Bear-Proof Trash Can, Dog Run
Lot Features Water Front, Backs to Lagoon
View Mountains, Lagoon, Forest
Construction Wood Frame, Wood Siding
Roof Pitched, Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas, Fireplace
Financial
HOA Fee $1,700 / Quarterly
HOA & Community
Community Amenities Pool, Tennis, Spa, Hot Tub, Club House, Security, Beach, Marina, Park
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
73
PROJECTED GROSS ANNUAL REVENUE
$50K – $90K typically ~$70,000
~$5,833 per month
Avg Nightly
$400
Occupancy
48%
Cap Rate
1.5%

STR Investment Summary — 1870 Venice Drive, South Lake Tahoe

No revenue projection. Short-term rental permits are not currently obtainable here — the local jurisdiction has reached its permit cap or is waitlisting all new applications.
Est. Gross Annual Revenue
$50K – $90K
typically ~$70,000
Avg Nightly Rate
$400
Projected Occupancy
47.9%
Cap Rate
1.5%
Structural Score: 73 / 100 (Premium) · STR Zone: Red

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

Over coverage limit
2,662 sq ft covered of 2,548 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
10,270 sq ft
Allowed Coverage
2,548 sq ft · 25%
Existing Coverage
2,662 sq ft · 26%
Addable Coverage
0 sq ft
IPES Score
593.0
Land Capability · TRPA-verified
IPES
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% ($370,000)
Home price
$1,850,000
Loan details
30-yr fixed, 6.5%
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