$539,000 Active
838 Tahoe Keys Boulevard
South Lake Tahoe, CA 96150
✓ STR Allowed — Permit Required
City of South Lake Tahoe requires a Vacation Home Rental (VHR) permit. Permits are available citywide.
3 Beds
·
2.0 Baths
·
1,064 Sq Ft

About This Property

Affordable Tahoe Living with Exceptional Investment Potential! This well-located South Lake Tahoe property offers an outstanding opportunity as a primary residence, second home, or short-term rental investment. Priced to sell, it provides an affordable entry into the Tahoe lifestyle while placing you close to everything that makes the area so desirable.Enjoy a convenient location within walking distance to shopping, dining, and local amenities, with beautiful Lake Tahoe beaches just minutes away. Outdoor enthusiasts will love having bike trails right outside the front door, providing easy access to miles of scenic riding and recreation. World-class skiing at Heavenly Mountain Resort and the entertainment, dining, and gaming of the South Shore casinos are only about a 10-15 minute drive away.Whether you're seeking a full-time residence, vacation getaway, or income-producing property, this home offers exceptional value, convenience, and year-round access to everything South Lake Tahoe has to offer. Sold furnished ready for your enjoyment!

Listed by Shirley Russell — Chase International - South Lake Tahoe

Listing Details

Status Active
MLS # 143008
Sold Date 1800-01-01
Price/Sq Ft $507

Property History

Jun 02, 2026
Listed for sale
$539,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,064
Lot Size 0.13 acres
Year Built 1958
Property Type Single Family Residence
Style Ranch
Subdivision Tahoe Island Park 4
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023763006000
Parking
Parking Features None
Exterior & Lot
Exterior Features Storage Shed, Bear-Proof Trash Can
View Mountains, Forest
Construction Wood Frame
Roof Asphalt, Composition
Foundation Concrete/Crawl Space
Pool & Spa
Pool No
Utilities & Systems
Heating Forced Air, Natural Gas, Fireplace
Financial
Annual Tax $2,723
📊

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 — 838 Tahoe Keys Boulevard, South Lake Tahoe

Est. Annual Revenue
$39,284
Avg Nightly Rate
$287
Projected Occupancy
39.3%
Cap Rate
2.9%
Structural Score: 50 / 100 (Standard) · 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% ($107,800)
Home price
$539,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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