$597,900 Pending
3761 Ruby Way
South Lake Tahoe, CA 96150
✓ STR Allowed — Permit Required
City of South Lake Tahoe requires a Vacation Home Rental (VHR) permit. Permits are available citywide.
4 Beds
·
1,664 Sq Ft

About This Property

Income Opportunity + Prime Heavenly LocationExceptional investment opportunity at the base of Heavenly Ski Resort! This well-maintained duplex features two remodeled 2-bedroom, 1-bath units, each offering approximately 820 square feet of comfortable mountain living in one of South Lake Tahoe's most desirable locations.Just blocks from Stateline, Ski Run Boulevard, renowned beaches, dining, nightlife, and year-round recreation, this property places the very best of the Tahoe lifestyle right at your doorstep. Whether you're seeking strong rental income, a vacation retreat with supplemental income, or the flexibility to occupy one unit while renting the other, this property offers outstanding versatility and value.Set on a sunny, generously sized parcel, residents can enjoy Tahoe's four-season beauty from the inviting front porch or private yard spaces. Additional amenities include a shared two-car carport at street level, terraced outdoor areas, and a lower-level common space featuring laundry hookups and abundant storage.Rarely does an opportunity combine location, income potential, and lifestyle quite like this. Enjoy the benefits of ownership in a prime Tahoe setting just minutes from skiing, beaches, casinos, hiking, biking, and everything that makes Lake Tahoe such an extraordinary place to live and invest.Live in one, rent the other or maximize income potential in this high-demand Heavenly neighborhood. Opportunities like this are increasingly hard to find.

Listed by Bret Howard — Berkshire Hathaway Home Services Drysdale Properties - South Lake Tahoe

Listing Details

Status Pending
MLS # 142933
Days on Market 17
Sold Date 1800-01-01
Price/Sq Ft $359

Property History

May 19, 2026
Listed for sale
$597,900
Current
Pending
$597,900
Property Overview
Beds 4
Sq. Ft. 1,664
Lot Size 0.14 acres
Year Built 1961
Property Type Duplex
Subdivision Heavenly View Terrace
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 028121017000
Parking
Parking Features 0.00
Exterior & Lot
Construction Wood Frame,Wood Siding
Roof Pitched,Composition
Foundation Concrete/Crawl Space,Basement/Unfinished
Utilities & Systems
Heating Natural Gas,Wall or Space Heater,Fireplace
Cooling Natural Gas,Wall or Space Heater,Fireplace
Financial
HOA / Community South Tahoe Association of Realtors
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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 — 3761 Ruby Way, South Lake Tahoe

Est. Annual Revenue
$48,033
Avg Nightly Rate
$466
Projected Occupancy
28.9%
Cap Rate
3.2%
Structural Score: 48 / 100 (Standard) · STR Zone: Yellow

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% ($119,580)
Home price
$597,900
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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