$475,000 $495,000 ↓ $20,000 reduced Active Under Contract
836 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.
1 Beds
·
1.0 Baths
·
768 Sq Ft
Virtual Tour

About This Property

Huge Potential! This 1-bedroom, 1-bathroom home offers an opportunity to update, renovate, or reimagine the space to suit your needs. The home and detached garage are connected by a covered breezeway, creating exciting possibilities for a buyer with a creative eye. The main home features an open-concept layout with one bedroom, one bathroom, and a spacious living room. Just beyond the back door, the covered breezeway leads to the detached garage, offering over 400 sqft. and featuring a sink, washer and dryer hookups, and a gas line already in place. Located at the end of a very quiet cul-de-sac, you can relax and enjoy the spacious front deck and imagine the possibilities this property has to offer. With easy access to Camp Richardson, beaches, dining, and trails, it's hard to beat this location. Come see it today! This is a probate sale.

Listed by Michael Lanier — Compass

Listing Details

Status Active Under Contract
MLS # 143234
Days on Market 52
Sold Date 1800-01-01
Price/Sq Ft $618

Property History

Jul 23, 2026
Listed for sale
$495,000
Aug 07, 2026
Price reduced
$475,000 $495,000 ↓ $20,000
Sep 10, 2026
Pending
$475,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Oct 2019 · county record $315,000 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; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 1
Baths 1.0
Sq. Ft. 768
Lot Size 0.17 acres
Year Built 1964
Property Type Single Family Residence
Style Cabin
Subdivision Tahoe Island Park 1
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023655015000
Parking
Garage Spaces 2
Attached Garage Yes
Exterior & Lot
Lot Features Cul-De-Sac
View Filtered, Forest
Construction Wood Frame, Wood Siding
Roof Pitched, Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Wood
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
57
PROJECTED GROSS ANNUAL REVENUE
$20K – $50K typically ~$30,000
~$2,500 per month
Avg Nightly
$156
Occupancy
53%
Cap Rate
2.5%

STR Investment Summary — 836 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.
Est. Gross Annual Revenue
$20K – $50K
typically ~$30,000
Avg Nightly Rate
$156
Projected Occupancy
52.8%
Cap Rate
2.5%
Structural Score: 57 / 100 (Premium) · STR Zone: Red

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
1,629 sq ft covered of 74 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
7,374 sq ft
Allowed Coverage
74 sq ft · 1%
Existing Coverage
1,629 sq ft · 22%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
1b, 7
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% ($95,000)
Home price
$475,000
Loan details
30-yr fixed, 6.5%
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