$245,000 $250,000 ↓ $5,000 reduced Active 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 C
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
·
3.0 Baths
·
2,381 Sq Ft
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About This Property

New co-ownership opportunity: Own one-eighth of this professionally managed, turnkey home by Pacaso. Peridot sits on Michael Drive in South Lake Tahoe, a mountain contemporary home with a wooded backyard that backs to the waterfront community of Tahoe Keys. Cove East Beach and the Truckee River are within easy walking distance, with the surrounding forest giving the property a quiet, private quality. The great room has vaulted ceilings, brushed white oak floors and a modern gas fireplace, with vast windows framing the forest beyond and doors opening to the upper deck with filtered mountain views. The kitchen has rich alder cabinets, textured granite and smooth quartz countertops, a waterfall-edge island and stainless steel appliances including a commercial-style gas range. The primary suite has two closets and an en suite bath with a dual vanity, custom tile shower and freestanding soaking tub. Three additional bedrooms and baths complete the lower level, alongside a family room with backyard access. The upper deck and hot tub extend the living spaces into the trees, with the forest as a constant backdrop. Cove East Beach and Lake Tahoe's shoreline are a short walk away, with South Lake Tahoe's restaurants and trails close at hand. Peridot is fully designed, furnished and managed by Pacaso. Owners arrive to find the home exactly as it should be, every time.

Listed by Maxx Rifkin — Pacaso, Inc.

Listing Details

Status Active
MLS # 20260094
Days on Market 183
Price/Sq Ft $103

Property History

Jan 22, 2026
Listed for sale
$245,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 2,381
Year Built 2021
Property Type Timeshare
Style Contemporary
Subdivision SurroundingArea
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023745011
Parking
Garage Spaces 2
Parking Features Two, Attached
Attached Garage Yes
Exterior & Lot
Lot Features Street
View Trees/Woods
Construction Frame
Utilities & Systems
Cooling Air Conditioning
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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 — 783 Michael Court #Share C, South Lake Tahoe

Est. Annual Revenue
$49,475
Avg Nightly Rate
$281
Projected Occupancy
48.3%
Cap Rate
8.1%
Structural Score: 60 / 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
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% ($49,000)
Home price
$245,000
Loan details
30-yr fixed, 6.5%
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