$1,189,000 Active
719 Whitney Drive
South Lake Tahoe, CA 96150
⏳ STR — New Permits Waitlisted
City of South Lake Tahoe VHR permit required — and as of August 21, 2026 ALL new permit applications are automatically waitlisted as the city approaches its 900-permit residential cap. 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.
3 Beds
·
2.5 Baths
·
2,388 Sq Ft

About This Property

Discover the ultimate Lake Tahoe lifestyle in this exceptional waterfront home located in the highly sought-after Tahoe Keys. Offering 3 bedrooms, 2.5 bathroom, a 2-car garage, and a versatile bonus room, this home combines comfort, flexibility, and an unbeatable setting.The thoughtfully designed floor plan features spacious living areas filled with natural light creating an inviting atmosphere for relaxing or entertaining. The flexible bonus room is perfect as a guest suite, game room, home office, fitness room, or media room, adapting to your needs.Enjoy peaceful waterfront living with the backyard to the lagoon, offering a serene setting for kayaking, paddle boarding, or taking in the beautiful water views. The front of the home overlooks the conservancy, providing added privacy, open space, and picturesque natural surroundings.As a resident of Tahoe Keys, you'll enjoy access to community amenities, including private beaches, indoor and outdoor swimming pools, tennis and pickleball courts, basketball courts, parks, and marina. This property is boat dock eligible, proving the opportunity to enjoy convenient access to crystal-clear water of Lake Tahoe.Ideally located just minutes from wold-class skiing, championship golf, hiking, and biking trails, restaurants, and year round outdoor recreations, this home is perfect as a primary residence, vacation retreat, or investment opportunity.

Listed by Michael Phillips — Realty World Lake Tahoe

Listing Details

Status Active
MLS # 143482
Days on Market 1
Sold Date 1800-01-01
Price/Sq Ft $498

Property History

Sep 25, 2026
Listed for sale
$1,189,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
May 2023 · county record $740,000 Deed record — brokerage sides not reported

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 3
Baths 2.5
Sq. Ft. 2,388
Lot Size 0.22 acres
Year Built 1992
Property Type Single Family Residence
Style Split Level
Subdivision Mt Tallac 2
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 022141013000
Parking
Garage Spaces 2
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Bear-Proof Trash Can
Lot Features Backs to Lagoon
View Mountains, Lagoon, Forest, Ski Resort
Construction Wood Frame, Wood Siding, Vinyl Siding
Roof Pitched, Asphalt, Composition, Shingle
Foundation Concrete/Crawl Space
Pool & Spa
Pool In Ground Pool, Indoor Pool
Utilities & Systems
Heating Forced Air, Natural Gas, Fireplace
Financial
HOA Fee $1,771 / Quarterly
HOA & Community
Community Amenities Pool, Tennis, Hot Tub, Beach, Pier, Boat Launch, Park, Other/See Remarks
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
68
PROJECTED GROSS ANNUAL REVENUE
$30K – $95K typically ~$55,000
~$4,583 per month
Avg Nightly
$296
Occupancy
51%
Cap Rate
1.9%

STR Investment Summary — 719 Whitney Drive, South Lake Tahoe

No revenue projection. Short-term rental permits are not currently obtainable here — the local jurisdiction has reached its permit cap or is waitlisting all new applications.
Est. Gross Annual Revenue
$30K – $95K
typically ~$55,000
Avg Nightly Rate
$296
Projected Occupancy
50.9%
Cap Rate
1.9%
Structural Score: 68 / 100 (Premium) · STR Zone: Red

Based on comparable vacation rental performance data for South Lake Tahoe. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
2,440 sq ft covered of 95 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
9,495 sq ft
Allowed Coverage
95 sq ft · 1%
Existing Coverage
2,440 sq ft · 26%
Addable Coverage
0 sq ft
IPES Score
752.0
Land Capability · TRPA-verified
IPES
Existing Units
1

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% ($237,800)
Home price
$1,189,000
Loan details
30-yr fixed, 6.5%
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