$548,000 Active
861 Gardner Street
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.
2 Beds
·
1.0 Baths
·
767 Sq Ft

About This Property

"Short Term Rental Eligible" Sitting in a premier Lake Tahoe locale, this turnkey open-floor-plan cabin offers a seamless blend of cozy charm and modern convenience. Minutes from some of the sandiest, sun-soaked beaches around Lake Tahoe, including near-by access to Fallen Leaf Lake, Angora Lake, and a network of world-class hiking trails, this retreat is a year-round destination that shines in every season. The nearby Heavenly Ski Resort and Village provide top-tier dining, shopping, nightlife, and seasonal activities, ensuring endless entertainment just moments from your door.This property represents a fantastic opportunity for those seeking a ready-to-enjoy Tahoe retreat with significant upside potential through expansion. With the potential of up to 3,251 sq.ft of coverage, possibilities of a larger primary suite, an additional living wing, a garage with living space above, or a dedicated guest area, the layout and land offer a clear path to enhance value while preserving the cabin's warm, inviting character. A turnkey gateway to the Lake Tahoe lifestyle luxury, convenience, and endless outdoor adventures all in one remarkable package.

Listed by Peter Erdody — Chase International - South Lake Tahoe

Listing Details

Status Active
MLS # 142645
Days on Market 41
Sold Date 1800-01-01
Price/Sq Ft $714

Property History

Mar 26, 2026
Listed for sale
$548,000
Property Overview
Beds 2
Baths 1.0
Sq. Ft. 767
Lot Size 0.17 acres
Year Built 1957
Property Type Single Family Residence
Style Cabin
Subdivision Gardner Mountain 4
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023633010000
Parking
Parking Features 0.00
Exterior & Lot
Exterior Features Spa/Hot Tub,Storage Shed,Bear-Proof Trash Can
Construction Wood Frame,Log
Roof Pitched,Asphalt,Composition,Shingle
Foundation Concrete/Crawl Space,Post & Pier
Utilities & Systems
Heating Forced Air,Natural Gas
Cooling Forced Air,Natural Gas
Financial
HOA / Community South Tahoe Association of Realtors
📊

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 — 861 Gardner Street, South Lake Tahoe

Est. Annual Revenue
$39,316
Avg Nightly Rate
$270
Projected Occupancy
39.5%
Cap Rate
2.9%
Structural Score: 65 / 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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($109,600)
Home price
$548,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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