$789,000 Active
841 S Shore Drive
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.
4 Beds
·
3.0 Baths
·
2,272 Sq Ft
Virtual Tour

About This Property

Spacious 4-bedroom home backing to U.S. Forest Service land in the highly sought-after Tahoe Island Drive neighborhood. Offering 2,272 square feet of living space, this centrally located South Lake Tahoe property blends comfort, functionality, and easy access to outdoor adventure. Enjoy a short bike ride to local shops, breweries, and restaurants, as well as some of South Lake Tahoe's most beloved destinations, including Baldwin Beach, Camp Richardson, and Fallen Leaf Lake.Recent upgrades include a freshly painted exterior, new water heater, and a newer 200-amp electrical panel. The downstairs living area features a bright and inviting living room with a gas fireplace and abundant windows that fill the home with natural light. A spacious family/game room provides the perfect setting for entertaining, with direct access to the rear deck and hot tub, ideal for unwinding after a day of adventure.The kitchen offers a double oven, generous counter space, abundant cabinetry, and a dining area designed for gathering. The main level also includes a laundry room with heated floors, a mudroom, and a tastefully updated full bathroom.Upstairs, the spacious primary suite overlooks a serene forest backdrop and features dual closets, including a large walk-in, along with a beautifully updated en-suite bath with double sinks. Three additional guest bedrooms and another updated full hall bathroom are thoughtfully situated on the opposite side of the home for added privacy.Step outside to enjoy all four seasons from the covered back deck, surrounded by peaceful forest views. The fenced backyard is perfect for summer BBQs and includes a large storage shed, with direct access to endless trails right out your back gate.Whether you're seeking a full-time residence, investment opportunity, or the perfect Tahoe retreat, this exceptional property checks all the boxes.

Listed by Heather Lew — RE/MAX Gold - SLT

Listing Details

Status Active
MLS # 142585
Sold Date 1800-01-01
Price/Sq Ft $347

Property History

Apr 23, 2026
Listed for sale
$789,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 2,272
Lot Size 0.15 acres
Stories 2
Year Built 1961
Property Type Single Family Residence
Subdivision Tallac Park
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023771007000
Parking
Parking Features 0.00
Exterior & Lot
Exterior Features Spa/Hot Tub,Storage Shed
Lot Features Adjacent to Forest
View Forest
Construction Wood Frame,Vinyl Siding
Roof Pitched,Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air,Natural Gas,Wall or Space Heater,Fireplace
Cooling Forced Air,Natural Gas,Wall or Space Heater,Fireplace
Financial
HOA / Community South Tahoe Association of Realtors
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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 — 841 S Shore Drive, South Lake Tahoe

Est. Annual Revenue
$49,050
Avg Nightly Rate
$493
Projected Occupancy
27.4%
Cap Rate
2.5%
Structural Score: 54 / 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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($157,800)
Home price
$789,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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