$1,688,000 $1,780,000 ↓ $92,000 reduced Active
2020 Aloha 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.
3 Beds
·
2.5 Baths
·
2,329 Sq Ft

About This Property

Discover a one-of-a-kind waterfront Art House in the prestigious Tahoe Keys community of South Lake Tahoe. This extraordinary residence sits on a wide, serene lagoon with dramatic alpine views of Mt. Tallac.Every corner of this 3 bedroom, 2 1/2 bath Tahoe lodge style home reflects artistic vision with hand painted walls, unique decor and gallery quality finishes that make it a living work of art. Expansive windows frame the natural beauty of the water and mountain vistas.Boating enthusiasts will appreciate the brand-new private dock-just a short ride to the main channel and the world class recreation of Lake Tahoe! The game room, pool table and private hot tub provide year-round entertainment and relaxation.Additional highlights include a motorized awning over the waterfront deck, low maintenance landscaping, and a large garage with abundant storage for lake and mountain toys and gear. Surely, this exceptional retreat is the perfect choice!

Listed by Adele Lucas — Chase International - South Lake Tahoe

Listing Details

Status Active
MLS # 142571
Days on Market 138
Sold Date 1800-01-01
Price/Sq Ft $725

Property History

Mar 06, 2026
Listed for sale
$1,688,000
Jun 29, 2026
Price changed
$1,688,000
Property Overview
Beds 3
Baths 2.5
Sq. Ft. 2,329
Lot Size 0.16 acres
Year Built 1983
Property Type Single Family Residence
Style Contemporary
Subdivision Tahoe Keys Units 5
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 022301039000
Parking
Garage Spaces 2
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Spa/Hot Tub, Boat Dock
Lot Features Water Front, Backs to Lagoon
View Mountains, Lagoon
Construction Wood Frame, Wood Siding
Roof Pitched, Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
Financial
HOA Fee $1,510 / Quarterly
HOA & Community
Community Amenities Pool, Tennis, Spa, 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 — 2020 Aloha Drive, South Lake Tahoe

Est. Annual Revenue
$54,996
Avg Nightly Rate
$296
Projected Occupancy
50.9%
Cap Rate
1.3%
Structural Score: 68 / 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
2,456 sq ft covered of 1,955 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
6,839 sq ft
Allowed Coverage
1,955 sq ft · 29%
Existing Coverage
2,456 sq ft · 36%
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. Figures come from TRPA's public parcel data and are estimates; verify before relying on them for a build or purchase.

Verify on Tahoe Info ↗

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% ($337,600)
Home price
$1,688,000
Loan details
30-yr fixed, 6.5%
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