$495,000 Active
3535 Lake Tahoe Boulevard #228
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. VHR permits are broadly available here with no 150-ft buffer. A city VHR permit and 10% TOT still apply.
1 Beds
·
1.0 Baths
·
607 Sq Ft

About This Property

Tucked within Lakeland Village's serene 19-acre grounds with 1,000 feet of beach and a pier this upgraded condo offers the best of luxury lodge living. It's short‑term rental approved, though currently enjoyed solely as a private residence.The new remodel includes, lighting that is fully modernized with twenty dimmable can lights offering three modes. The bathroom and laundry closet include automatic moisture‑sensing fans with a European‑style washer/dryer, and a new Bosch split system provides efficient year‑round comfort of air conditioning and heat. Stainless appliances and brushed‑nickel hardware add a refined finish.The expanded kitchen features solid cherry cabinetry, dovetail construction, solid wood drawers, dual 36 lazy Susans, and a barn‑door pantry with custom pull‑outs, built‑in outlets, and lighting. Solid‑surface flooring runs throughout with 8 base paired with new drywall, new doors, new hardware and sound‑insulated ceilings and walls.A large picture window frames peaceful views toward Gunbarrel Run at Heavenly. Outside, one of the lodge's largest decks overlooks the year‑round heated pool and spa. Double pane windows and room darkening door.Residents enjoy heated hallways, elevator access to the subterranean garage, a fitness center, and lobby and saunas making this a rare, meticulously improved home in an exceptional setting.

Listed by Dianna Dorn — RE/MAX Gold - SLT

Listing Details

Status Active
MLS # 143218
Days on Market 1
Sold Date 1800-01-01
Price/Sq Ft $815

Property History

Jul 17, 2026
Listed for sale
$495,000
Property Overview
Beds 1
Baths 1.0
Sq. Ft. 607
Year Built 1975
Property Type Condominium
Style Contemporary
Subdivision Lakeland Village
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 027631030000
Parking
Garage Spaces 1
Attached Garage Yes
Exterior & Lot
Lot Features Lake Front, Water Front
View Mountains, Filtered, Ski Resort
Construction Wood Frame
Roof Composition
Foundation Concrete/Masonry
Utilities & Systems
Heating Heat Pump
Cooling Other/See Remarks, Central Refrig. A/C
Financial
Annual Tax $1,785
HOA Fee $765 / Monthly
HOA & Community
Community Amenities Pool, Sauna, Spa, Hot Tub, Security, Beach, 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 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 — 3535 Lake Tahoe Boulevard #228, South Lake Tahoe

Est. Annual Revenue
$31,653
Avg Nightly Rate
$164
Projected Occupancy
52.8%
Cap Rate
2.6%
Structural Score: 67 / 100 (Premium) · STR Zone: Green

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% ($99,000)
Home price
$495,000
Loan details
30-yr fixed, 6.5%
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