$1,896,000 Active
1920 Cathedral Court
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.
4 Beds
·
3.5 Baths
·
2,424 Sq Ft

About This Property

Tahoe Keys Waterfront Showpiece with Huge Dock on Prime Waterway! this exceptional waterfront retreat highly sought-after Tahoe Keys. Perfectly placed on one of the most desirable waterways, this stunning 4bd 3ba home offers 3,024 sq ft of well-designed living space, a luxury boat dock & breathtaking views of iconic Mount Tallac. The main level is an open floorplan filled with natural light & framed by captivating views, the updated kitchen with granite counters, newer appliances, breakfast bar, & seamless flow into the inviting living area with a rock fireplace & lovely powder room. Upstairs, a large family room with the 2nd fireplace creates the perfect gathering space. The generous primary suite has lovely water views & a spacious bath, 3 more bedrooms, a 2 guest baths, & convenient upstairs laundry. The oversized garage features wall-to-wall cabinetry providing great storage for all your gear/toys. Enjoy premier amenities, year-round indoor pool, seasonal outdoor pool, private beach, cabana, tennis courts, and more. Loved by one family for 38 years, this property radiates warmth, pride of ownership, and an inviting lakefront ambiance rarely found today. Offered potentially furnished.

Listed by Michael Phillips — Realty World Lake Tahoe

Listing Details

Status Active
MLS # 142965
Sold Date 1800-01-01
Price/Sq Ft $782

Property History

May 22, 2026
Listed for sale
$1,896,000
Property Overview
Beds 4
Baths 3.5
Sq. Ft. 2,424
Lot Size 0.24 acres
Year Built 1972
Property Type Single Family Residence
Subdivision Tahoe Keys Units 5
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 022331012000
Parking
Garage Spaces 2
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Boat Slip, Boat Dock
Lot Features Cul-De-Sac
View Canal, Mountains, Lagoon
Construction Wood Frame, Wood Siding
Roof Composition
Utilities & Systems
Heating Forced Air, Natural Gas
Financial
HOA Fee $1,800 / Quarterly
HOA & Community
Community Amenities Pool, Tennis, Club House, Security, Beach, Boat Launch, Marina
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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 — 1920 Cathedral Court, South Lake Tahoe

Est. Annual Revenue
$81,371
Avg Nightly Rate
$740
Projected Occupancy
31.0%
Cap Rate
1.7%
Structural Score: 71 / 100 (Premium) · STR Zone: Yellow

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

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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($379,200)
Home price
$1,896,000
Loan details
30-yr fixed, 6.5%
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