$1,159,000 $1,279,000 ↓ $120,000 reduced
2046 Lukins Way
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.
4 Beds
·
2.0 Baths
·
2,789 Sq Ft
Virtual Tour

About This Property

Seller says: Make this multi-functional family home yours in the Heart of the Sierras. The well-proportioned rooms present an interesting flow for a home that is built with the functionality of multi-generational living in mind. The main level features an expansive open kitchen boasting stainless steel appliances, abundant counter space, and a generous amount of storage. Laminate wood floors flow throughout the kitchen and living area, complemented by a cozy gas log fireplace that adds warmth year-round. The primary bedroom suite is conveniently located downstairs for easy single-level living with an additional primary suite located upstairs. The second level provides flexible spaces with additional bedrooms. Washer/dryer (included) are located on both levels for your everyday convenience. One of the highlights is the large game room located on the second level, permitting others to have a fun space upstairs in the game room while you entertain downstairs. The 400 sq ft,12' ceiling, and 34' deep tanden garage (exterior measurements) per seller, will allow for storage of some of your outdoor toys, jet skis, electric bikes, scooters, snow blower or even your RV (Buyer to verify RV will fit). Nestled in the heart of South Lake Tahoe's four-season lifestyle, this turnkey gem is ready for your family adventures while enjoying all the nearby trails. The paved bike trail is located just l00 feet away from your front door. This trail will lead you to some of the best self-guided site-seeing excursions, including to the beaches and Camp Richardson. Experience cozy evenings by the fire after a day cross-country skiing in the nearby meadows or taking advantage of one of the many ski areas like Sierra at Tahoe or Heavenly Ski Resort. Do not miss this rare opportunity in this highly sought-after mountain community where one can enjoy the quiet yet be just minutes from shopping, dining, hiking, biking, world-class entertainment and more. What a wonderful place for you and yours to come together and experience one of the most sought-after places in all the world.

Listed by Lorie Jacobs-Chapman — Sierra Sotheby's International Realty

Listing Details

Status Withdrawn
MLS # 142584
Days on Market 140
Sold Date 1800-01-01
Price/Sq Ft $416

Property History

Mar 10, 2026
Listed for sale
$1,159,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Nov 2023 $800,000 Claudette OlsenColdwell Banker Select - LTB Theresa M SouersBerkshire Hathaway Home Services Drysdale Properties - South Lake Tahoe

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.

Property Overview
Beds 4
Baths 2.0
Sq. Ft. 2,789
Lot Size 0.12 acres
Year Built 2015
Property Type Single Family Residence
Style Contemporary
Subdivision Lukins
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023111018000
Parking
Garage Spaces 2
Parking Features RV Access/Parking, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Storage Shed
Construction Stucco
Roof Composition
Foundation Concrete/Crawl Space
Pool & Spa
Pool No
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Other/See Remarks
📊

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 — 2046 Lukins Way, South Lake Tahoe

Est. Annual Revenue
$69,549
Avg Nightly Rate
$391
Projected Occupancy
48.6%
Cap Rate
2.4%
Structural Score: 65 / 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
2,785 sq ft covered of 1,590 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
5,300 sq ft
Allowed Coverage
1,590 sq ft · 30%
Existing Coverage
2,785 sq ft · 53%
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% ($231,800)
Home price
$1,159,000
Loan details
30-yr fixed, 6.5%
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