$1,900,000 $2,100,000 ↓ $200,000 reduced Active
2215 Inverness 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.
4 Beds
·
3.0 Baths
·
2,368 Sq Ft
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About This Property

Welcome to your Tahoe getaway where lake life, mountain views, and unforgettable gatherings come together. Step into the backyard and you're instantly pulled toward the waterfront deck and private dock holding the seller's 33' boat. Enjoy morning coffee, sunset cocktails, summer BBQs with majestic Mt. Tallac in the background. This isn't just a home, it's where Tahoe memories are made.The landscaped front and back yards are designed for easy living with low-maintenance, low-water landscaping, so you can spend less time working and more time enjoying Tahoe. The updated paver driveway offers plenty of parking for friends and family, while the oversized garage has room for all your year-round toys, from boats and paddle boards to skis and bikes.The home is made for entertaining, including a large, downstairs bedroom with backyard access, offering convenience and privacy and no stairs required. The open kitchen flows seamlessly into the spacious living and dining areas, creating the perfect space for holidays, game nights, and visiting with friends. The entryway doubles as the ultimate mudroom with plenty of space for coats and gear after a day on the lake or slopes. Upstairs, you'll find three additional oversized bedrooms, including a spacious primary suite with a breathtaking view of Mt. Tallac.Located in the heart of the Tahoe Keys, adventure is always right outside your door. Enjoy access to the private HOA beach, pickleball, tennis and basketball courts, indoor and outdoor pools, volleyball, and a playground, everything you need for an active Tahoe lifestyle.

Listed by Ellen Camacho — Sierra Sotheby's International Realty

Listing Details

Status Active
MLS # 142800
Days on Market 70
Sold Date 1800-01-01
Price/Sq Ft $802

Property History

May 13, 2026
Listed for sale
$1,900,000
Jul 07, 2026
Price changed
$1,900,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 2,368
Lot Size 0.17 acres
Year Built 1977
Property Type Single Family Residence
Style Split Level
Subdivision Tahoe Keys 01
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 022051082000
Parking
Garage Spaces 2
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Boat Dock
Lot Features Water Front
View Canal, Mountains
Construction Wood Frame, Wood Siding
Roof Composition
Foundation Slab
Utilities & Systems
Heating Natural Gas, Electric, Wall or Space Heater, Fireplace, Radiant Heat-Ceiling
Financial
HOA Fee $1,800 / Quarterly
HOA & Community
Community Amenities Pool, Tennis, Hot Tub, Club House, Security, Beach, Dock, Pier, Boat Launch, Marina, Park
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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 — 2215 Inverness Drive, South Lake Tahoe

Est. Annual Revenue
$50,746
Avg Nightly Rate
$288
Projected Occupancy
48.3%
Cap Rate
1.1%
Structural Score: 69 / 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
3,545 sq ft covered of 2,269 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
7,563 sq ft
Allowed Coverage
2,269 sq ft · 30%
Existing Coverage
3,545 sq ft · 47%
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% ($380,000)
Home price
$1,900,000
Loan details
30-yr fixed, 6.5%
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