$1,158,000
693 Patricia Lane
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
·
2.5 Baths
·
2,376 Sq Ft
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About This Property

Located in the desirable Tahoe Island Drive area, this 4-bedroom, 2.5-bathroom home offers 2,376 square feet of living space with a two-car garage on a nicely landscaped 7,405 square foot corner lot. The property overlooks a city-owned parcel with a trail system that leads directly to Pope Beach, Camp Richardson, Fallen Leaf Lake, and miles of surrounding forest and recreation.The exterior features full cedar siding with log accents, giving the home a classic Tahoe feel. The lot is level and well maintained, and a brand new fence is currently being installed to further enhance the yard.Upstairs living features a spacious great room with vaulted knotty pine plank ceilings, Brazilian cherry hardwood flooring, and a beautiful gas fireplace finished in river rock with a split-log mantle. The kitchen is open to the living area and includes knotty pine cabinetry, granite slab counters, stainless steel appliances, and a convenient breakfast bar.The primary bedroom is also located on the upper level and features hardwood flooring, a bay window, and an en-suite bathroom with a dual sink vanity, jetted soaking tub, and a stall shower with custom tile work.Downstairs offers a second family room along with three additional guest bedrooms, providing plenty of space for family and visitors.With easy access to beaches, bike trails, Fallen Leaf Lake, and endless outdoor recreation, this home offers a great combination of Tahoe character and a highly desirable location.

Listed by Brent Johnson — Chase International - South Lake Tahoe

Listing Details

Status Active
MLS # 142720
Sold Date 1800-01-01
Price/Sq Ft $487

Property History

Apr 16, 2026
Listed for sale
$1,158,000
Property Overview
Beds 4
Baths 2.5
Sq. Ft. 2,376
Lot Size 0.17 acres
Stories 2
Year Built 2004
Property Type Single Family Residence
Subdivision Tahoe Tallac
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023561021000
Parking
Garage Spaces 2
Parking Features 2.00
Attached Garage Yes
Exterior & Lot
Exterior Features Storage Shed,Bear-Proof Trash Can
Lot Features Adjacent to Forest
View Forest
Construction Wood Frame,Wood Siding
Roof Pitched,Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air,Natural Gas
Cooling Forced Air,Natural Gas
Financial
HOA / Community South Tahoe Association of Realtors
📊

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 — 693 Patricia Lane, South Lake Tahoe

Est. Annual Revenue
$54,748
Avg Nightly Rate
$532
Projected Occupancy
28.6%
Cap Rate
1.9%
Structural Score: 70 / 100 (Premium) · 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% ($231,600)
Home price
$1,158,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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