$1,238,000 Active
2308 Oregon Avenue
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
·
3.0 Baths
·
2,321 Sq Ft
Virtual Tour

About This Property

Located in the desirable Tahoe Island Park neighborhood, 2308 Oregon Ave. is a meticulously maintained home offering quality construction, tasteful finishes, and a well-designed layout. The property is conveniently located near the shores of Lake Tahoe, the Upper Truckee River, Heavenly Ski Resort, and a variety of great dining and shopping options.The main living area features beautiful European oak hand-scraped hardwood flooring, solid alder doors and trim, Craftsman-style woodwork, and a Montana ledgestone fireplace that anchors the space. Large windows bring in abundant natural light, creating a warm and inviting feel throughout the home.The kitchen is thoughtfully designed with leathered granite countertops, a gas cooktop, double ovens, a built-in wine refrigerator, and a spacious center island that provides ample workspace and seating. The kitchen and living areas flow nicely together, making the space ideal for both everyday living and entertaining.Step outside to a sunny rear deck overlooking a beautifully landscaped backyard with mature trees, established plantings, and a spacious fenced lawn area that provides a private and comfortable outdoor setting.The primary bedroom features a spacious walk-in closet and a spa-like en-suite bathroom with custom tilework, a soaking tub, and a dual sink vanity.In addition to the four bedrooms, the home includes a dedicated office/flex room that works well for remote work, hobbies, or additional living space.Additional features include custom tile bathrooms, an impervious paver stone driveway, and numerous upgrades completed by the current owner including a whole-house alarm system, EV charging station, gutters with heat tape, air conditioning, and a whole-house air scrubber system. The exterior has also been consistently maintained with ongoing paint and stain.The sunny, level lot is fully landscaped and offers excellent usability along with a fully fenced backyard. The property is also being offered fully furnished, making it a convenient option for a primary residence, second home, or investment property.This home offers a great combination of quality finishes, thoughtful upgrades, and a convenient South Lake Tahoe location close to shopping, dining, bike trails, and the lake.

Listed by Brent Johnson — Chase International - South Lake Tahoe

Listing Details

Status Active
MLS # 142828
Sold Date 1800-01-01
Price/Sq Ft $533

Property History

Apr 30, 2026
Listed for sale
$1,238,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 2,321
Lot Size 0.14 acres
Year Built 2017
Property Type Single Family Residence
Subdivision Tahoe Island Park 4
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023902013000
Parking
Garage Spaces 2
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Construction Wood Frame, Stucco, Wood Siding, Rock
Roof Pitched, Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Refrig. A/C
📊

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 — 2308 Oregon Avenue, South Lake Tahoe

Est. Annual Revenue
$51,450
Avg Nightly Rate
$508
Projected Occupancy
28.4%
Cap Rate
1.7%
Structural Score: 58 / 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% ($247,600)
Home price
$1,238,000
Loan details
30-yr fixed, 6.5%
Request a Tour
Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

Send a Message

Or call directly: (530) 317-0373