$485,000 $495,000 ↓ $10,000 reduced 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. 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.
1 Beds
·
1.0 Baths
·
607 Sq Ft

About This Property

This condo is short‑term rental approved, though currently enjoyed solely as a private residence.The new remodel includes Bosch split air and heat system that provides efficient year‑round comfort.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.The new remodel includes a vent less washer/dryer, New recessed lighting. A pantry with pull out extension drawers.The expanded kitchen features solid cherry cabinetrystainless appliances and brushed‑nickel hardware. Solid‑surface flooring runs throughout with 6" base paired with new drywall, new doors, new hardware and sound‑insulated ceilings and walls.This condo is upgraded so much that if you decide to rent it , it is 5 star review ready!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. Agent Owner.

Listed by Dianna Dorn — RE/MAX Gold - SLT

Listing Details

Status Active
MLS # 143218
Days on Market 58
Sold Date 1800-01-01
Price/Sq Ft $799

Property History

Jul 17, 2026
Listed for sale
$495,000
Aug 05, 2026
Price reduced
$485,000 $495,000 ↓ $10,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jun 1998 · county record $95,000 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 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 Premium
65
PROJECTED GROSS ANNUAL REVENUE
$20K – $60K typically ~$40,000
~$3,333 per month
Avg Nightly
$199
Occupancy
55%
Cap Rate
3.3%

STR Investment Summary — 3535 Lake Tahoe Boulevard #228, South Lake Tahoe

Est. Gross Annual Revenue
$20K – $60K
typically ~$40,000
Avg Nightly Rate
$199
Projected Occupancy
55.0%
Cap Rate
3.3%
Structural Score: 65 / 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
497 sq ft covered of 8 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
805 sq ft
Allowed Coverage
8 sq ft · 1%
Existing Coverage
497 sq ft · 62%
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% ($97,000)
Home price
$485,000
Loan details
30-yr fixed, 6.5%
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