$830,000 Active
3259 Marlette Circle
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, so availability varies. Verify current permit availability before counting on rental income.
4 Beds
·
3.0 Baths
·
1,890 Sq Ft

About This Property

Centrally located in one of South Lake Tahoe's most convenient neighborhoods, this spacious 4-bedroom, 3-bath home offers easy access to shopping, the Recreation Center, ice rink, library, Bijou Golf Course, Lake Tahoe Community College, Heavenly Ski Resort, and the beautiful shores of Lake Tahoe.Since taking ownership, the sellers have invested significant time, care, and money into improving the property, creating a warm and comfortable Tahoe retreat. Updates include a remodeled kitchen with new appliances, new kitchen cabinets, granite countertops, new laminate flooring and new tile in most of the home, interior and exterior paint, extensive repairs, and numerous thoughtful upgrades. The result is a home that feels refreshed, functional, and well loved, while still offering the next owner the opportunity to personalize it over time.The generous floor plan provides plenty of room for family, friends, and guests, with four bedrooms, three bathrooms, a spacious downstairs living area, an added den, and a separate office space. A two-car garage offers ample storage for bikes, skis, boards, and all your Tahoe gear, while the long driveway provides parking for up to four vehicles.The fully fenced and landscaped backyard is ideal for relaxing, entertaining, and enjoying Tahoe's outdoor lifestyle. Enjoy al fresco dining with peaceful forested views, plus the convenience of a back gate that opens to a dirt trail perfect for dog walking, neighborhood strolls, and easy access toward the nearby school and surrounding amenities.Previously operated as a successful hosted rental and recently converted to a vacation rental following the overturning of Measure T, this property offers excellent flexibility as a full-time residence, second home, or income-producing Tahoe getaway.

Listed by Rene Brejc — Ascent Property Group

Listing Details

Status Active
MLS # 143134
Days on Market 1
Sold Date 1800-01-01
Price/Sq Ft $439

Property History

Jun 29, 2026
Listed for sale
$830,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 1,890
Lot Size 0.12 acres
Year Built 1965
Property Type Single Family Residence
Style Contemporary
Subdivision Lake Tahoe
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 025372011000
Parking
Garage Spaces 2
Attached Garage Yes
Exterior & Lot
Exterior Features Storage Shed
View Forest
Construction Wood Frame, Wood Siding
Roof Pitched, Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas, Electric, Baseboard
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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 — 3259 Marlette Circle, South Lake Tahoe

Est. Annual Revenue
$58,434
Avg Nightly Rate
$579
Projected Occupancy
28.0%
Cap Rate
2.8%
Structural Score: 67 / 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
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% ($166,000)
Home price
$830,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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