$499,000 Active
3529 Ferndale 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, so availability varies. Verify current permit availability before counting on rental income.
3 Beds
·
2.0 Baths
·
1,450 Sq Ft

About This Property

Bring Your Vision and Your Toolbox to One of South Lake Tahoe's Most Promising Value Opportunities. Located in the popular Bijou neighborhood, this property offers the rare combination of an outstanding location, a functional single-level floor plan, and exceptional potential for future equity growth. Just minutes from the shores of Lake Tahoe, Heavenly Mountain Resort, Van Sickle Bi-State Park, shopping, dining, and year-round recreation, this home presents an exciting opportunity to create something truly special.Situated on a sunny 7,405-square-foot lot, this single-level home of approximately 1,450 square feet features three bedrooms, two full bathrooms, and a versatile floor plan ready for your personal vision. Natural sunlight fills the home throughout the day, creating a bright and welcoming atmosphere.Just off the entry, a spacious bonus room offers exceptional flexibility as a family room, media room, home office, recreation room, or hobby space. The laundry area is conveniently located within this wing of the home, creating a functional separation from the main living areas.The kitchen is filled with natural light from an overhead skylight and is equipped with a Viking range, abundant cabinetry, and generous workspace for meal preparation and entertaining. The adjoining living room is centered around a classic open wood-burning fireplace, creating the perfect gathering place after a day exploring Lake Tahoe. The primary suite features an ensuite bath complete with built-in drawer storage for added convenience and organization.A portion of the attached two-car garage has been converted into a dining nook, creating additional living space. Buyers are encouraged to satisfy themselves regarding permits, square footage, and the intended use of the converted area.A newer roof provides added peace of mind, while much of the interior is ready for updating. Original finishes, including older carpet in the living room, older backyard deck, bath remodel and deferred maintenance present an outstanding opportunity to renovate according to your own style while building immediate equity in a quiet neighborhood. Tastefully prepared virtual renderings are available to help buyers envision the remarkable potential this home offers following thoughtful renovations.This is a probate sale and is being sold As Is. With comparable updated homes in the area commanding significantly higher prices, this property represents an exceptional opportunity to create equity through thoughtful improvements. Whether you're searching for a primary residence, a mountain retreat, or an investment opportunity, this home offers the chance to transform a solid property into something truly exceptional.

Listed by Donald Souers — Berkshire Hathaway Home Services Drysdale Properties - South Lake Tahoe

Listing Details

Status Active
MLS # 143117
Days on Market 1
Sold Date 1800-01-01
Price/Sq Ft $344

Property History

Jun 27, 2026
Listed for sale
$499,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,450
Lot Size 0.17 acres
Year Built 1963
Property Type Single Family Residence
Style Ranch
Subdivision Unavail
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 027355014000
Parking
Garage Spaces 2
Attached Garage Yes
Exterior & Lot
Construction Wood Frame, Wood Siding
Roof Pitched, Composition, Shingle
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

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 — 3529 Ferndale Avenue, South Lake Tahoe

Est. Annual Revenue
$44,851
Avg Nightly Rate
$321
Projected Occupancy
38.2%
Cap Rate
3.6%
Structural Score: 61 / 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% ($99,800)
Home price
$499,000
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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