$245,000 $265,000 ↓ $20,000 reduced Partial Ownership
Heads up: This listing is a partial ownership / fractional share — you would be buying a share of the property (not the whole home). Carefully review the listing details and any ownership documents before making an offer.
783 Michael Court #Share B
South Lake Tahoe, CA 96150

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⏳ STR — New Permits Waitlisted
City of South Lake Tahoe VHR permit required — the city's 900-permit residential cap was reached on August 21, 2026; new applications outside the Tourist Core are waitlisted. 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.
4 Beds
·
3.0 Baths
·
2,381 Sq Ft
Virtual Tour

About This Property

New co-ownership opportunity: Own one-eighth of this professionally managed, turnkey home by Pacaso. With Cove East Beach and the Truckee River nearby, this newly built mountain contemporary home offers convenient access to outdoor recreation in South Lake Tahoe. The private, wooded backyard borders the Tahoe Keys area. The spacious great room features vaulted ceilings, brushed white oak flooring, a modern gas fireplace, and expansive windows showcasing views of the surrounding trees. Sliding doors lead to an upper deck with filtered mountain views. The kitchen is designed for both function and style, with a blend of textured granite and quartz countertops, alder cabinetry, a waterfall island, and stainless steel appliances, including a commercial-style gas range. The generous en suite bedroom includes two closets and a spa-inspired bathroom with a dual-sink vanity, custom tile shower, and freestanding soaking tub. The lower level includes additional bedrooms, bathrooms, a family room, and direct access to the backyard. Located just minutes from the lake, dining, and local amenities. The home is offered fully furnished and professionally designed.

Listed by Maxx Rifkin — Pacaso, Inc.

Listing Details

Status Off Market
MLS # 20251435
Days on Market 485
Price/Sq Ft $103

Property History

Jun 27, 2025
Listed for sale
$265,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 2,381
Stories 2
Year Built 2021
Property Type Residential
Style Contemporary
Subdivision SurroundingArea
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023-745-011
Parking
Parking Features Two
Exterior & Lot
Exterior Features Pantry,High Ceilings,Cable TV,Hot Tub,Air Conditioning
View Wooded
Construction Framed
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STR Investment Analysis

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

STR Investment Analysis

STR analysis
STRUCTURAL SCORE —
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PROJECTED GROSS ANNUAL REVENUE
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Avg Nightly
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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

$1,462 per month
Principal & interest
$1,239/mo
Property taxes
$223/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
$0/mo
Timeshare or fractional share — no whole home to insure, so no insurance estimate.
Down payment
20% ($49,000)
Home price
$245,000
Loan details
30-yr fixed, 6.5%
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