$850,000 Active
3535 Lake Tahoe Boulevard #421
South Lake Tahoe, CA 96150

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✓ 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; the waitlist covers residential areas, not the Tourist Core. Confirm current permitting status with the city.
2 Beds
·
2.0 Baths
·
1,516 Sq Ft

Our data on this home

About This Property

Discover the perfect blend of mountain charm, resort-style amenities, and year-round recreation in this spacious Lakeland Village townhome. Offering approximately 1,516 square feet across three levels, this two-bedroom, two-bath residence lives like a three-bedroom, with a versatile sleeping loft that provides additional accommodations for family and guests. Situated within one of South Lake Tahoe's most established lakefront resort communities, the property presents an appealing opportunity for a personal mountain retreat, vacation getaway, or income-producing investment.Inside, vaulted ceilings with exposed wood beams create a warm Tahoe atmosphere, while abundant windows invite natural light throughout the living spaces. The comfortable living room centers around a fireplace and flows into the adjoining dining area and spacious kitchen. A private covered deck offers an inviting setting for morning coffee, outdoor dining, or relaxing among the surrounding pines. Its existing vacation-rental history adds further appeal for buyers seeking the flexibility of personal use and potential rental income, subject to applicable regulations and permitting requirements.Beyond the residence, Lakeland Village encompasses approximately 19 beautifully wooded acres along more than 1,000 feet of Lake Tahoe shoreline. Owners and guests enjoy an exceptional collection of resort-style amenities, including a private sandy beach, pier, swimming pools, hot tubs, tennis courts, saunas, fitness center, clubhouse, and barbecue areas. Whether spending summer afternoons paddleboarding on the lake, enjoying the beach, or unwinding in a hot tub after a day on the slopes, the community offers a true four-season Tahoe experience.Conveniently located along Lake Tahoe Boulevard, the property provides easy access to nearby restaurants, shopping, entertainment, and outdoor recreation. Heavenly Mountain Resort, Stateline, and the many attractions of South Lake Tahoe are just minutes away.With its generous floor plan, flexible sleeping accommodations, furnished interior, established vacation-rental history, and access to exceptional lakefront amenities, this Lakeland Village townhome offers an attractive opportunity to experience the best of Tahoe living.

Listed by Christopher Fajkos — Timber & Tide Realty Co

Listing Details

Status Active
MLS # 143603
Days on Market 1
Price/Sq Ft $561

Property History

Oct 23, 2026
Listed for sale
$850,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Apr 2015 · county record $437,000 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 2.0
Sq. Ft. 1,516
Lot Size 0.02 acres
Year Built 1972
Property Type Townhouse
Subdivision Lakeland Village
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 027471021000
Exterior & Lot
Exterior Features Spa/Hot Tub, Tennis Courts, Boat Dock
Construction Wood Frame
Roof Composition
Pool & Spa
Pool In Ground Pool
Utilities & Systems
Heating Forced Air, Natural Gas, Fireplace
Financial
HOA Fee $2,348 / Quarterly
HOA & Community
Community Amenities Pool, Tennis, Sauna, 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
57
PROJECTED GROSS ANNUAL REVENUE
$25K – $60K typically ~$40,000
~$3,333 per month
Avg Nightly
$199
Occupancy
55%
Cap Rate
1.8%

STR Investment Summary — 3535 Lake Tahoe Boulevard #421, South Lake Tahoe

Est. Gross Annual Revenue
$25K – $60K
typically ~$40,000
Avg Nightly Rate
$199
Projected Occupancy
55.0%
Cap Rate
1.8%
Structural Score: 57 / 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.

Home Insurance Estimate

California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup

$2,500 – $2,900/yr
about $225/mo
Est. Rebuild Cost (Coverage A)
$454,800
FAIR Plan (fire)
$2,100/yr
DIC wrap (theft, water, liability)
$400 – $800/yr

Estimate from this ZIP's California FAIR Plan rates (Plan data as of 6/30/2026, with the 29.1% increase effective 10/15/2026) on an estimated rebuild cost, plus a DIC policy at 20–40% of the FAIR premium. Not a bindable quote; a local broker quote depends on the home's age, roof, defensible space and claims history.

See it in the monthly payment Tahoe wildfire insurance costs

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

$5,885 per month
Principal & interest
$4,298/mo
Property taxes
$775/mo
1.0946% of the price, El Dorado County's 2025-26 rate, plus direct charges: California re-assesses a home at its sale price.
HOA dues
$587/mo
From MLS listing data.
Home insurance
$225/mo
CA FAIR Plan + DIC estimate, ~$2,500–$2,900/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($170,000)
Home price
$850,000
Loan details
30-yr fixed, 6.5%
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