About This Property
STR Update: The City of South Lake Tahoe's new STR ordinance is now in effect, and the City has not yet reached its 900-permit residential cap. Buyers interested in STR use should independently verify property eligibility, current permit availability, and application requirements directly with the City.Priced aggressively and ready for improvement, this centrally located South Lake Tahoe fixer offers real square footage, a flat sunny lot, and multiple paths to add value.Close to the lake, Bijou Golf Course, restaurants, shopping, and the city's new Multigenerational Recreation & Aquatics Center, set to open this month, the property also backs to open ball fields near the Boys and Girls Club, giving it a more open feel than most in-town homes. The extra-deep driveway offers plenty of parking and potential room for a future garage.The house is barely connected and lives more like two distinct spaces, each with its own entrance. For a buyer considering hosted rental potential while living in one portion of the home, that setup is worth a serious look, subject to buyer verification. Add a wet bar or kitchenette, add a garage, and the flexibility becomes even more compelling.A brick fireplace, breakfast nook, separate dining area, large laundry space, bonus family room, four bedrooms, two full baths, fenced backyard, and storage shed round out a property with real upside. Not turnkey, but priced accordingly.
Listing Details
Property History
Sale History · changed hands 1×
| Sold | Price | Listing agent (sell side) | Buyer agent (buy side) |
|---|---|---|---|
| Mar 2022 · county record | $600,000 | Deed record — brokerage sides not reported | |
MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed.
STR Investment Analysis
Yellow ZoneSTR Investment Summary — 3297 Marlette Circle, South Lake Tahoe
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
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