$625,000 Active
2934 Nevada Avenue
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
·
2.0 Baths
·
1,224 Sq Ft
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About This Property

Located in the highly desirable Al Tahoe neighborhood, this single-level home offers a fantastic setting directly across from the expansive meadow with filtered mountain and meadow views. Just a few blocks from El Dorado Beach, the public boat launch, Lake Tahoe, and popular dining options, the property is also just a short drive from Heavenly Ski Resort and the excitement of Stateline.The spacious floor plan features three bedrooms, two bathrooms, an attached two-car garage, and a generously sized living area. Much of the home retains its original fixtures and finishes, providing an excellent opportunity to update and personalize the property to your taste.Recent improvements include a new garage door and opener along with a newer forced-air heating system. The oversized garage is insulated and provides plenty of room for vehicles, Tahoe toys, and additional storage. Outside, the sunny, fully fenced yard offers a great space for entertaining, pets, gardening, or simply enjoying the mountain setting.With its single-level layout, meadow-side location, and exceptional proximity to beaches, recreation, dining, and Heavenly, this Al Tahoe property offers tremendous potential as a primary residence, Tahoe getaway, or investment property.

Listed by Brent Johnson — Chase International - South Lake Tahoe

Listing Details

Status Active
MLS # 143391
Sold Date 1800-01-01
Price/Sq Ft $511

Property History

Aug 21, 2026
Listed for sale
$625,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,224
Lot Size 0.14 acres
Year Built 1973
Property Type Single Family Residence
Style Ranch
Subdivision Al Tahoe 1
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 026143017000
Parking
Garage Spaces 2
Attached Garage Yes
Exterior & Lot
View Mountains, Meadow, Filtered
Construction Wood Frame, Wood Siding
Roof Pitched, Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Premium
60
PROJECTED GROSS ANNUAL REVENUE
$31K – $50K typically ~$40,887
~$3,407 per month
Avg Nightly
$214
Occupancy
52%
Cap Rate
2.6%

STR Investment Summary — 2934 Nevada Avenue, South Lake Tahoe

Est. Gross Annual Revenue
$31K – $50K
typically ~$40,887
Avg Nightly Rate
$214
Projected Occupancy
52.4%
Cap Rate
2.6%
Structural Score: 60 / 100 (Premium) · STR Zone: Yellow

Based on comparable vacation rental performance data for South Lake Tahoe. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
1,914 sq ft covered of 1,803 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
6,011 sq ft
Allowed Coverage
1,803 sq ft · 30%
Existing Coverage
1,914 sq ft · 32%
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. Estimated coverage — data: TRPA GIS / Tahoe Open Data. The only authoritative determination of coverage and land capability is a Land Capability Verification through TRPA; actual allowable coverage can differ due to verifications, transfers, banked coverage, or deed restrictions.

TRPA parcel fact sheet ↗

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% ($125,000)
Home price
$625,000
Loan details
30-yr fixed, 6.5%
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