$2,200,000 $2,300,000 ↓ $100,000 reduced Active
3535 Lake Tahoe Boulevard #603
South Lake Tahoe, CA 96150
✓ STR Allowed — No 900 Cap
Inside South Lake Tahoe's Tourist Core Area (TRPA TCAP) — commercial/recreational zoning that is exempt from the 900-permit residential VHR cap. A city VHR permit and TOT still apply — as of August 2026 the city waitlists new applications citywide, so confirm current permitting and waitlist status with the city.
5 Beds
·
3.0 Baths
·
2,000 Sq Ft

About This Property

Lake View!!! This Lakeland Village beach house offers one of the most breathtaking beaches in all of South Lake Tahoe. The only thing separating the townhouse from the shoreline is a stretch of lawn and a stately pine tree framing the water a picture-perfect setting in every season.Expansive windows capture lake views and the home has been thoughtfully upgraded with an enclosed porch foyer, creating a spacious and welcoming entry. Inside, soaring open beam vaulted ceilings and five skylights flood the living spaces with natural light, enhancing the beauty of the surrounding Tahoe landscape.This generous floor plan includes five bedrooms, two of which are located in loft spaces. One loft features its own private bedroom and a full bath with a shower stall effectively a three quarter bath offering comfort and privacy for guests or extended family.The kitchen showcases elegant cabinetry and granite slab countertops, while the living room centers around a beautiful gas insert fireplace and solid surface flooring, creating a warm and inviting gathering space. The layout is ideal for families, with the primary owner's suite conveniently located on the main level and additional bedrooms upstairs.This home is offered fully furnished, including TVs and kitchen accessories, making it a true turnkey opportunity. The current owner enjoys the property for family use and supplements expenses with successful short term vacation rental income. The home is approved for short term rentals and has a strong rental history.Lakeland Village boasts 1,000 feet of premier sandy beach, and the HOA has recently completed a stunning modernization of the pier. Residents enjoy an impressive array of lakeside amenities: a beachside swimming pool, spa, baby pool, fire pits, and lounge seating all just steps from your door. Sunsets from the deck or the Lakeshore Room are unforgettable, and the 4th of July fireworks can be enjoyed from the beach, the Lakeshore Room deck, or the private pier.The Lodge building offers even more conveniences, including a year round heated pool and spa, saunas, a small gym, and a subterranean parking garage.This beachhouse offers a spectacular lake view and an unbeatable location properties like this simply do not stay on the market. If you're seeking a rare combination of beauty, comfort, income potential, and true Tahoe lifestyle, this is the one.

Listed by Dianna Dorn — RE/MAX Gold - SLT

Listing Details

Status Active
MLS # 142982
Days on Market 91
Sold Date 1800-01-01
Price/Sq Ft $1,100

Property History

May 28, 2026
Listed for sale
$2,300,000
Aug 04, 2026
Price reduced
$2,200,000 $2,300,000 ↓ $100,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jan 2006 · county record $1,490,000 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.

Property Overview
Beds 5
Baths 3.0
Sq. Ft. 2,000
Year Built 1975
Property Type Townhouse
Style Contemporary
Subdivision Lakeland Village
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 027451003000
Exterior & Lot
Lot Features Lake Front, Water Front
View Lake
Construction Wood Frame
Roof Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas, Fireplace
Financial
Annual Tax $14,330
HOA Fee $765 / Monthly
HOA & Community
Community Amenities Pool, Sauna, Spa, Hot Tub, Club House, Security, Beach, Dock, Pier, Other/See Remarks
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STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Premium
73
PROJECTED GROSS ANNUAL REVENUE
$37K – $90K typically ~$69,982
~$5,832 per month
Avg Nightly
$398
Occupancy
48%
Cap Rate
1.3%

STR Investment Summary — 3535 Lake Tahoe Boulevard #603, South Lake Tahoe

Est. Gross Annual Revenue
$37K – $90K
typically ~$69,982
Avg Nightly Rate
$398
Projected Occupancy
48.2%
Cap Rate
1.3%
Structural Score: 73 / 100 (Premium) · STR Zone: Green

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
1,023 sq ft covered of 11 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
1,097 sq ft
Allowed Coverage
11 sq ft · 1%
Existing Coverage
1,023 sq ft · 93%
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% ($440,000)
Home price
$2,200,000
Loan details
30-yr fixed, 6.5%
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