$3,899,000 Active
3794 Montreal #A
South Lake Tahoe, CA 96150
⏳ STR — New Permits Waitlisted
City of South Lake Tahoe VHR permit required — the city's 900-permit residential cap was reached on August 21, 2026; new applications outside the Tourist Core are waitlisted. There is no guarantee a new owner will obtain a permit, and permits do NOT transfer on sale. Do not count on rental income without a permit in hand.
5 Beds
·
5.0 Baths
·
3,358 Sq Ft

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About This Property

This exceptional custom-built home represents the inaugural offering in South Lake Tahoe's newest development, perfectly positioned in the tourist core, delivering direct access to world-class restaurants, and Skiing Gondola at Heavenly Mountain Resort, extensive bike trails, hiking, the transit hub, and the stunning shores of Lake Tahoe, this property delivers unparalleled convenience and income potential.Designed from the ground up as a premium income-producing property, this home maximizes occupancy, guest satisfaction, and operational efficiency.Property Highlights: Thoughtful Multi-Family Layout: Master bedrooms with en-suite bathrooms on both the 1st and 3rd floors, ideal for multiple families or groups. The 2nd floor is dedicated to expansive communal living spaces, along with a chefs kitchen with premium Appliances perfect for gathering and entertaining. Biophilic Design: Thoughtfully crafted to bring the outdoors inside, creating a seamless connection to Tahoe's natural beauty. Premium Construction & Upgrades: Hybrid steel and wood structure for impressive, open common areas Superior insulation package: Spray foam combined with mineral wool for exceptional soundproofing, plus a full sealed vapor barrier Presidential shingles with a 50-year warranty Low-maintenance exterior featuring thermally baked siding and natural granite stone accents for a timeless, elegant appearanceWellness & Outdoor Amenities: Private sauna Hot tub Firepit Outdoor BBQ area Heated driveway Heated outdoor second-floor deckOwner & Operational Features: Exclusive owner-specific areas Dual HVAC systems for precise temperature control across all three floors State-of-the-art low-voltage smart home system with home/away modes to minimize energy use when the property is vacantThis is a high-performance short-term rental asset in one of Lake Tahoe's most desirable and walkable locations. Built to the highest standards with both guest comfort and owner profitability in mind, this rare opportunity is ideal for savvy investors seeking strong returns in South Lake Tahoe's thriving vacation rental market. Come choose your finishes.

Listed by Duggan Smith — Duggan Smith, Broker

Listing Details

Status Active
MLS # 142856
Days on Market 136
Price/Sq Ft $1,161

Property History

May 29, 2026
Listed for sale
$3,899,000
Property Overview
Beds 5
Baths 5.0
Sq. Ft. 3,358
Lot Size 0.09 acres
Year Built 2026
Property Type Single Family Residence
Style Split Level
Subdivision Heavenly Valley Village
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 029720001000
Parking
Garage Spaces 2
Parking Features Heated Driveway
Attached Garage Yes
Exterior & Lot
Exterior Features Spa/Hot Tub
Construction Masonry, Wood Siding
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Hot Water System, Radiant Heat-Floor
Cooling Central Refrig. A/C
Financial
HOA Fee $700 / Monthly
HOA & Community
Community Amenities Pool, Sauna, Hot Tub, Additional Parking
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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

STR analysis
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Home Insurance Estimate

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

$10,300 – $12,000/yr
about $929/mo
Est. Rebuild Cost (Coverage A)
$1,846,900
FAIR Plan (fire)
$8,600/yr
DIC wrap (theft, water, liability)
$1,700 – $3,400/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

$24,901 per month
Principal & interest
$19,715/mo
Property taxes
$3,557/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
$700/mo
From MLS listing data.
Home insurance
$929/mo
CA FAIR Plan + DIC estimate, ~$10,300–$12,000/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($779,800)
Home price
$3,899,000
Loan details
30-yr fixed, 6.5%
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