$375,000 Active
3344 Sandy Way #22
South Lake Tahoe, CA 96150
⏳ STR — New Permits Waitlisted
City of South Lake Tahoe VHR permit required — and as of August 21, 2026 ALL new permit applications are automatically waitlisted as the city approaches its 900-permit residential cap. There is no guarantee a new owner will obtain a permit, and permits do NOT transfer on sale. Do not count on rental income without a permit in hand.
2 Beds
·
1.0 Baths
·
812 Sq Ft

About This Property

Location, Location, Location!This condo is walking distance to Lake Tahoe, Lakeview Commons Beach, restaurants, grocery stores, the ice rink, and the amazing new recreation center. Additionally, Heavenly Resort, Heavenly Village, and the local casinos are just a 5-minute drive away. Bijou Golf Course is only two blocks from your door, and you can access the entire town via flat bike trails or public transportation located just one block away.This attractive residence is updated with beautiful engineered hardwood flooring, updated vinyl windows, remodeled bathroom and continuous flow to additional areas that can be used as bonus sleeping quarters, work space and lounging. The kitchen is spacious with multiple prep areas. The living room can accommodate 6+. The bedrooms are sizable. There is a private pool, laundry room on site and a covered parking spot near the condo, making this an ideal fulltime residence or vacation home. Selling furnished, just bring your suitcase and start enjoying Tahoe!With reasonable HOA fees and an Attractive Price Point, this is a Fantastic opportunity to create your own Tahoe Retreat.

Listed by Jana Nelson — Compass

Listing Details

Status Active
MLS # 143318
Days on Market 47
Sold Date 1800-01-01
Price/Sq Ft $462

Property History

Aug 06, 2026
Listed for sale
$375,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
May 2014 · county record $125,000 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; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 2
Baths 1.0
Sq. Ft. 812
Lot Size 0.02 acres
Year Built 1961
Property Type Condominium
Subdivision Lakeview Pines
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 027653005000
Exterior & Lot
Exterior Features Storage Shed
Construction Wood Frame, Stucco
Roof Composition
Foundation Other
Pool & Spa
Pool In Ground Pool
Utilities & Systems
Heating Electric, Wall or Space Heater
Financial
HOA Fee $1,451 / Quarterly
HOA & Community
Community Amenities Pool, Additional Parking, Other/See Remarks
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
55
PROJECTED GROSS ANNUAL REVENUE
$25K – $60K typically ~$40,000
~$3,333 per month
Avg Nightly
$208
Occupancy
53%
Cap Rate
4.2%

STR Investment Summary — 3344 Sandy Way #22, South Lake Tahoe

No revenue projection. Short-term rental permits are not currently obtainable here — the local jurisdiction has reached its permit cap or is waitlisting all new applications.
Est. Gross Annual Revenue
$25K – $60K
typically ~$40,000
Avg Nightly Rate
$208
Projected Occupancy
52.8%
Cap Rate
4.2%
Structural Score: 55 / 100 (Premium) · STR Zone: Red

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
834 sq ft covered of 252 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
842 sq ft
Allowed Coverage
252 sq ft · 30%
Existing Coverage
834 sq ft · 99%
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% ($75,000)
Home price
$375,000
Loan details
30-yr fixed, 6.5%
Request a Tour

We'll contact you soon.

R
Real Estate Tahoe
Real Estate Agent

Send a Message