$650,000 Active
815 Capistrano 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.
3 Beds
·
2.0 Baths
·
1,092 Sq Ft

About This Property

Welcome to 815 Capistrano, where modern updates meet effortless mountain living. Completely remodeled from top to bottom, this turnkey home offers a fresh, stylish interior with quality finishes throughout, creating a space that's both inviting and functional. The open-concept living area flows seamlessly into the beautifully updated kitchen, making it ideal for entertaining or relaxing after a day of enjoying everything Tahoe has to offer. Every detail has been thoughtfully updated, allowing the next owner to move right in without lifting a finger. Adding to the home's appeal is a detached one-car garage, providing valuable storage for vehicles, outdoor gear, or recreational toys. For buyers looking for a truly turnkey opportunity, the home may be available fully furnished, making it an ideal full-time residence, vacation getaway, or investment property. With its complete remodel, move-in-ready condition, and convenient location, 815 Capistrano is ready for its next chapter.

Listed by Kilinoe Rahbeck — KOR Realty, Inc.

Listing Details

Status Active
MLS # 143320
Sold Date 1800-01-01
Price/Sq Ft $595

Property History

Aug 21, 2026
Listed for sale
$650,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Apr 2018 · county record $387,000 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.

Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,092
Lot Size 0.14 acres
Year Built 1973
Property Type Single Family Residence
Style Ranch
Subdivision Al Tahoe 1
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 026134011000
Parking
Garage Spaces 1
Parking Features RV Access/Parking
Attached Garage Yes
Exterior & Lot
View None
Construction Wood Frame, Wood Siding
Roof Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air
📊

STR Investment Analysis

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

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Premium
61
PROJECTED GROSS ANNUAL REVENUE
$29K – $68K typically ~$43,117
~$3,593 per month
Avg Nightly
$227
Occupancy
52%
Cap Rate
2.7%

STR Investment Summary — 815 Capistrano Avenue, South Lake Tahoe

Est. Gross Annual Revenue
$29K – $68K
typically ~$43,117
Avg Nightly Rate
$227
Projected Occupancy
52.0%
Cap Rate
2.7%
Structural Score: 61 / 100 (Premium) · 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

Room to build
730 sq ft covered of 1,806 sq ft allowed
1,076 sq ft of coverage still available to add.
Parcel Size
6,019 sq ft
Allowed Coverage
1,806 sq ft · 30%
Existing Coverage
730 sq ft · 12%
Addable Coverage
1,076 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 ↗

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% ($130,000)
Home price
$650,000
Loan details
30-yr fixed, 6.5%
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