$625,000 $649,000 ↓ $24,000 reduced Active Under Contract
3045 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
·
1,188 Sq Ft
Virtual Tour

About This Property

Charming Al Tahoe Retreat: Ideal for Primary or Second HomeDiscover this inviting 3-bedroom home located in the sought-after Al Tahoe neighborhood, just a few blocks from the breathtaking shores of Lake Tahoe. Featuring two loft-style bedrooms, this residence offers plenty of space for family and friends, along with two full baths for added convenience.Set on an expansive corner lot, the property includes a welcoming porch, perfect for enjoying peaceful evenings. The spacious front and side yards provide ample room for outdoor activities and relaxation.With easy access to local restaurants and beaches, you can stroll or bike to explore the vibrant community. This home is truly a perfect getaway, whether for everyday living or a seasonal retreat. Don't miss the opportunity to make this gem your own!Key Features:- 3 Bedrooms (2 loft-style)- 2 Full Baths- Expansive Corner Lot- Welcoming Porch- Spacious Front and Side Yards- Short Walk to Lake Tahoe- Close to Restaurants and BeachesExperience the best of Lake Tahoe living in this charming home!

Listed by Tiffany Grimes — Mountain Luxury Properties

Listing Details

Status Active Under Contract
MLS # 143055
Days on Market 37
Sold Date 1800-01-01
Price/Sq Ft $526

Property History

Jun 15, 2026
Listed for sale
$625,000
Jul 08, 2026
Price changed
$625,000
Jul 18, 2026
Pending
$625,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,188
Lot Size 0.14 acres
Year Built 1971
Property Type Single Family Residence
Style Cabin
Subdivision Al Tahoe 1
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 026104013000
Exterior & Lot
Exterior Features Storage Shed
View None
Construction Wood Frame
Roof Pitched, Asphalt
Foundation Other
Utilities & Systems
Heating Natural Gas, Wall or Space Heater
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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 — 3045 Nevada Avenue, South Lake Tahoe

Est. Annual Revenue
$38,941
Avg Nightly Rate
$204
Projected Occupancy
52.4%
Cap Rate
2.5%
Structural Score: 50 / 100 (Standard) · 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

Room to build
1,657 sq ft covered of 1,806 sq ft allowed
148 sq ft of coverage still available to add.
Parcel Size
6,019 sq ft
Allowed Coverage
1,806 sq ft · 30%
Existing Coverage
1,657 sq ft · 28%
Addable Coverage
148 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% ($125,000)
Home price
$625,000
Loan details
30-yr fixed, 6.5%
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