$1,549,000 Active Under Contract
905 Linda Avenue
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.
4 Beds
·
3.0 Baths
·
2,767 Sq Ft

About This Property

Brand-New Tahoe Luxury Home - Just Completed!Welcome to your brand-new Tahoe dream home, where contemporary mountain design meets luxury living. This newly completed 4-bedroom, 3-bath residence features an oversized 617 sq. ft. 2-car garage and offers exceptional craftsmanship, upscale finishes, and thoughtfully designed indoor-outdoor living. Ideal as a primary residence, second home, or outstanding vacation rental investment.Highlights Include:* Brand-new construction - just completed and never lived in* 4 bedrooms, 3 bathrooms* Oversized 617 sq. ft. 2-car garage with epoxy-coated floor* Chef's kitchen with Cambria quartz countertops* Premium KitchenAid stainless steel appliances* Convection oven/microwave combination* Pot filler above the cooktop* Wine refrigerator plus a second wine refrigerator in the lower-level wet bar* Cherry cabinetry, rich wood accents, and custom lighting* Spacious primary suite with spa-inspired bath, soaking tub, and separate walk-in shower* Lower-level entertainment area with wet bar* Expansive balcony deck, paver stone front porch, and paver stone rear patio with custom inset lighting* Professionally landscaped grounds with beautiful nursery plantings* Stucco exterior with rich wood detailing* Central air conditioning and multi-zone heating* Dedicated laundry room* Custom finishes throughoutBeautifully designed and meticulously crafted, this exceptional home delivers luxury, comfort, and timeless Tahoe style with outstanding spaces for entertaining and year-round enjoyment.Exceptional homes deserve maximum exposure. That's why this property is available on the MLS, ensuring every buyer has the opportunity to find it - not just a select few.

Listed by Michael Phillips — Realty World Lake Tahoe

Listing Details

Status Active Under Contract
MLS # 143231
Days on Market 55
Sold Date 1800-01-01
Price/Sq Ft $560

Property History

Jul 20, 2026
Listed for sale
$1,549,000
Sep 08, 2026
Pending
$1,549,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 2,767
Lot Size 0.15 acres
Year Built 2026
Property Type Single Family Residence
Style Split Level
Subdivision Tahoe Island Park 3
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023682026000
Parking
Garage Spaces 2
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Bear-Proof Trash Can
Construction Wood Frame, Stucco
Roof Pitched, Composition
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Refrig. A/C
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
72
PROJECTED GROSS ANNUAL REVENUE
$45K – $105K typically ~$70,000
~$5,833 per month
Avg Nightly
$395
Occupancy
49%
Cap Rate
1.8%

STR Investment Summary — 905 Linda Avenue, 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
$45K – $105K
typically ~$70,000
Avg Nightly Rate
$395
Projected Occupancy
48.6%
Cap Rate
1.8%
Structural Score: 72 / 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

Room to build
32 sq ft covered of 2,017 sq ft allowed
1,985 sq ft of coverage still available to add.
Parcel Size
6,724 sq ft
Allowed Coverage
2,017 sq ft · 30%
Existing Coverage
32 sq ft · 0%
Addable Coverage
1,985 sq ft
IPES Score
920.0
Land Capability · TRPA-verified
IPES

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% ($309,800)
Home price
$1,549,000
Loan details
30-yr fixed, 6.5%
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