$1,250,000 Active
539 Christie Drive
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.
3 Beds
·
3.0 Baths
·
1,612 Sq Ft

About This Property

Welcome to your ultimate Tahoe Keys escape where mountain views, waterfront living, and income potential come together in one exceptional property. This 3 bedroom, 3 bath home is designed for both lifestyle and flexibility, featuring an updated boat dock with space for multiple watercraft, making it easy to step right into Tahoe's sought after boating lifestyle. Wake up to iconic views of Mount Tallac and unwind on your back deck with sweeping vistas toward Heavenly Mountain Resort. Inside, the home offers two distinct living spaces, each with its own fireplace, along with a full kitchen upstairs and a convenient kitchenette below, ideal for hosting guests, multi generational living, or maximizing rental income. Currently operating as a successful hosted rental, this income-ready property offers a rare opportunity to enjoy the home while generating revenue. Recent upgrades including remodeled bathrooms, a whole house water filtration system, and an updated boat dock allow for a seamless move in experience. Whether you are looking for a high performing vacation rental, a second home, or a full time residence with built in versatility, this Tahoe Keys property delivers the lifestyle buyers are looking for.

Listed by Haily Mitchell — Sierra Sotheby's International Realty

Listing Details

Status Active
MLS # 142866
Sold Date 1800-01-01
Price/Sq Ft $775

Property History

May 06, 2026
Listed for sale
$1,250,000
Property Overview
Beds 3
Baths 3.0
Sq. Ft. 1,612
Lot Size 0.21 acres
Year Built 1984
Property Type Single Family Residence
Style Split Level
Subdivision St Moritz Isle
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 022192021000
Parking
Garage Spaces 2
Parking Features 2.00
Attached Garage Yes
Exterior & Lot
Exterior Features Bear-Proof Trash Can,Boat Dock
Lot Features Water Front
View Canal,Mountains,Ski Resort
Construction Wood Frame,Wood Siding
Roof Pitched,Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air,Natural Gas,Fireplace
Cooling Forced Air,Natural Gas,Fireplace
Financial
HOA Fee $1,800 / Quarterly
HOA / Community South Tahoe Association of Realtors
HOA & Community
Community Amenities Pool,Tennis,Spa,Hot Tub,Club House,Security,Beach,Dock,Pier,Boat Launch,Marina,Park
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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 — 539 Christie Drive, South Lake Tahoe

Est. Annual Revenue
$53,613
Avg Nightly Rate
$484
Projected Occupancy
31.9%
Cap Rate
1.7%
Structural Score: 53 / 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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($250,000)
Home price
$1,250,000
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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