$1,200,000 Active
772 Merced Avenue
South Lake Tahoe, CA 96150
✓ STR Allowed — Permit Required
City of South Lake Tahoe requires a Vacation Home Rental (VHR) permit — capped at roughly 900 permits citywide (residential zones), so availability varies. Verify current permit availability before counting on rental income.
4 Beds
·
2.5 Baths
·
2,247 Sq Ft

About This Property

Live the Tahoe lifestyle in the heart of Al Tahoe! Located in one of South Lake Tahoe's most desirable and established neighborhoods. 772 Merced Avenue offers an exceptional opportunity to enjoy the best of mountain living. With beach access mere steps away and peek-a-boo lake views from both the master and living room, come experience what makes this location truly one of a kind. The Al Tahoe neighborhood is prized for its easy access to the lake, beaches, parks, and outdoor recreation, while maintaining a relaxed residential atmosphere. Residents enjoy convenient access to Regan Beach and Lakeview Commons, where summer days are made for swimming, paddleboarding, kayaking, picnics, lakeside sunsets, and community events. The neighborhood also sits near the scenic Truckee Marsh and Trout Creek, adding opportunities for walking, biking, and enjoying Tahoe's natural beauty.Beyond the lake, Al Tahoe's central location makes everyday living remarkably convenient. Restaurants, shopping, entertainment, Heavenly Mountain Resort, and the Stateline area are all easily accessible, making this an ideal location for both a full-time residence and a Tahoe getaway.With its combination of lake proximity, outdoor recreation, neighborhood charm, and central South Shore location, 772 Merced Avenue puts you close to everything that makes Tahoe specialwhile offering the appeal of an established community away from the hustle of the resort corridor.Al Tahoe remains one of South Lake Tahoe's most sought-after neighborhoods making 772 Merced Avenue your perfect home base for the Tahoe lifestyle.

Listed by Casey Kaleta — Chase International

Listing Details

Status Active
MLS # 143387
Sold Date 1800-01-01
Price/Sq Ft $534

Property History

Aug 20, 2026
Listed for sale
$1,200,000
Property Overview
Beds 4
Baths 2.5
Sq. Ft. 2,247
Lot Size 0.12 acres
Year Built 2004
Property Type Single Family Residence
Subdivision Al Tahoe 1
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 026026025000
Parking
Garage Spaces 2
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
View Lake, Filtered
Construction Wood Frame
Roof Asphalt
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Fireplace
📊

STR Investment Analysis

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

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Standard
54
PROJECTED GROSS ANNUAL REVENUE
$40K – $89K typically ~$57,724
~$4,810 per month
Avg Nightly
$314
Occupancy
50%
Cap Rate
1.9%

STR Investment Summary — 772 Merced Avenue, South Lake Tahoe

Est. Gross Annual Revenue
$40K – $89K
typically ~$57,724
Avg Nightly Rate
$314
Projected Occupancy
50.4%
Cap Rate
1.9%
Structural Score: 54 / 100 (Standard) · STR Zone: Yellow

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
1,577 sq ft covered of 1,502 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
5,006 sq ft
Allowed Coverage
1,502 sq ft · 30%
Existing Coverage
1,577 sq ft · 32%
Addable Coverage
0 sq ft
IPES Score
806.0
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% ($240,000)
Home price
$1,200,000
Loan details
30-yr fixed, 6.5%
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