$3,875,000 Active
2003 Aloha Drive
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
·
4.0 Baths
·
3,100 Sq Ft

About This Property

Positioned in the highly sought-after Tahoe Keys, this waterfront retreat offers immediate lake access, a private dock, and sweeping water views. Currently in the final stages of a remodel, with completion expected within the next two weeks, this is a rare opportunity to secure the home just before its full reveal. Step out your back door and onto your dock for effortless days on Lake Tahoe or take in this tranquil water setting from one of your two decks. Upstairs, a bright open-concept living space is designed to maximize natural light and scenery, featuring a beautifully updated kitchen, dining area, and living room framed by expansive picture windows. The upper level also includes two bedrooms and a finished loft area. The lower level is built for comfort and entertaining, complete with a stylish butler's station with sink, refrigerator, and wine cooler, a spacious family room, two additional bedrooms, a full laundry room, and a two-car garage. Located within the coveted Tahoe Keys Property Owners Association, owners enjoy access to a private beach, indoor and outdoor pools, clubhouse, tennis courts, and more. Just days from completion, this exceptional Tahoe Keys waterfront home presents a limited opportunity to purchase before its full debut. More photos to be uploaded upon completion.

Listed by Star Brooks — Chase International

Listing Details

Status Active
MLS # 142834
Sold Date 1800-01-01
Price/Sq Ft $1,250

Property History

Apr 30, 2026
Listed for sale
$3,875,000
Property Overview
Beds 4
Baths 4.0
Sq. Ft. 3,100
Lot Size 0.23 acres
Stories 2
Year Built 1975
Property Type Single Family Residence
Subdivision Aloha Isle
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 022312014000
Parking
Garage Spaces 2
Parking Features 2.00
Attached Garage Yes
Exterior & Lot
Exterior Features Boat Dock
Lot Features Water Front
View Mountains,Lake
Construction Wood Frame,Masonry,Wood Siding
Roof Pitched,Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air,Natural Gas
Cooling Forced Air,Natural Gas
Financial
HOA Fee $1,625 / Quarterly
HOA / Community South Tahoe Association of Realtors
HOA & Community
Community Amenities Pool,Tennis,Spa,Club House,Security,Beach,Pier
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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 — 2003 Aloha Drive, South Lake Tahoe

Est. Annual Revenue
$207,207
Avg Nightly Rate
$1771
Projected Occupancy
32.0%
Cap Rate
2.1%
Structural Score: 74 / 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% ($775,000)
Home price
$3,875,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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