$600,000 Active
3716 Osgood 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 (residential zones), so availability varies. Verify current permit availability before counting on rental income.

About This Property

Unlock the ultimate development jackpot in South Lake Tahoe! This is your rare chance to score a pristine, level half-acre vacant lot in the heart of the highly coveted Bijou neighborhood where massive lifestyle appeal meets sky-high resale value.Why This Property is a Goldmine:Unbeatable Location: Walk to the vibrant Ski Run Marina, premier shopping, and world-class dining.Massive Building Power: Boasts 4,749 square feet of base allowable coverage and a generous 30% coverage allowance.Ultimate Flexibility: Perfect for a massive custom estate, a lucrative vacation getaway, or a multi-unit retreat.Cheaper, Faster Build: Perfectly level terrain drastically cuts engineering costs and accelerates your construction timeline.Double the Potential: The facing property at 3717 Osgood Avenue is also available for a game-changing, multi-lot acquisition.Don't wait to build your dream or explode your real estate portfolio-opportunities this perfect do not last!

Listed by Britta Golding — RE/MAX Gold - SLT

Listing Details

Status Active
MLS # 143373
Days on Market 1
Sold Date 1800-01-01

Property History

Aug 20, 2026
Listed for sale
$600,000
Property Overview
Lot Size 0.46 acres
Property Type Land
Subdivision Bijou Park
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 027074026000
Exterior & Lot
View Mountain, Meadow, Filtered
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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 GROSS ANNUAL REVENUE
$118K – $167K typically ~$142,500
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
3,125 sq ft covered of 200 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
19,989 sq ft
Allowed Coverage
200 sq ft · 1%
Existing Coverage
3,125 sq ft · 16%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
1b, 7

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% ($120,000)
Home price
$600,000
Loan details
30-yr fixed, 6.5%
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