$789,000 Active
744 Hazel 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
·
2.0 Baths
·
1,512 Sq Ft
Virtual Tour

About This Property

Nestled in South Lake Tahoe's desirable Tahoe Island neighborhood, this distinctive three-bedroom, two-bath gambrel-style home offers a flexible two-level floor plan, a private wooded setting, and convenient access to the best of South Lake. The main level features comfortable living spaces, a primary bedroom, and an ensuite bathroom, while two additional bedrooms and a guest bathroom are located upstairs. Upper-level hallway storage provides practical space for seasonal gear, linens, and everyday organization.Situated between two California Tahoe Conservancy lots, the property enjoys an exceptional sense of privacy and a peaceful, park-like backdrop. The large, fenced backyard provides room to relax, play, entertain, or create a private outdoor retreat. The fully landscaped front yard welcomes you with mature trees, natural boulders, low-maintenance plantings, and a thoughtfully designed Tahoe-inspired setting.The home's gambrel roofline, white exterior, contrasting dark trim, and towering evergreens create a memorable mountain aesthetic. A spacious driveway and gated side area provide added functionality, while the surrounding forested landscape delivers the quiet, wooded atmosphere buyers seek in Tahoe.Enjoy easy access to the bike path leading toward Camp Richardson Resort, South Shore beaches, Tahoe Mountain's mountain-biking trails, world-class ski resorts, restaurants, shopping, and the entertainment of downtown Stateline. Whether you are searching for a full-time residence, vacation getaway, or investment opportunity, this well-positioned Tahoe Island home is a must-see.

Listed by Jessica Woods — Sierra Sotheby's International Realty

Listing Details

Status Active
MLS # 143522
Days on Market 5
Sold Date 1800-01-01
Price/Sq Ft $522

Property History

Sep 23, 2026
Listed for sale
$789,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Sep 2023 $552,000 Daryl WoodsSierra Sotheby's International Realty Jill MoffettChase International - South Lake Tahoe

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 2.0
Sq. Ft. 1,512
Lot Size 0.17 acres
Year Built 1975
Property Type Single Family Residence
Style Gambrel
Subdivision Tahoe Island Park 1
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023646012000
Exterior & Lot
Exterior Features Storage Shed
Lot Features Adjacent to Forest
View Forest
Construction Wood Frame, Wood Siding
Roof Pitched, Composition, Shingle
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas, Fireplace
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Standard
53
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.

STR Investment Summary — 744 Hazel 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.
Structural Score: 53 / 100 (Standard) · STR Zone: Red

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
1,048 sq ft covered of 2,256 sq ft allowed
1,208 sq ft of coverage still available to add.
Parcel Size
7,519 sq ft
Allowed Coverage
2,256 sq ft · 30%
Existing Coverage
1,048 sq ft · 14%
Addable Coverage
1,208 sq ft
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 ↗ How the Basin compares

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

$5,327 per month
Principal & interest
$3,990/mo
Property taxes
$720/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
$0/mo
From MLS listing data.
Home insurance
$617/mo
CA FAIR Plan + DIC estimate, ~$6,200–$8,600/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($157,800)
Home price
$789,000
Loan details
30-yr fixed, 6.5%
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