$1,139,000 $1,300,000 ↓ $161,000 reduced
926 Tanglewood Drive
South Lake Tahoe, CA 96150
✓ STR Allowed — Permit Required
City of South Lake Tahoe requires a Vacation Home Rental (VHR) permit — capped at roughly 900 permits citywide (residential zones), so availability varies. Verify current permit availability before counting on rental income.
3 Beds
·
2.5 Baths
·
2,708 Sq Ft

About This Property

Thoughtful Upgrades, Lasting Value Radiant heat, new roof, and modern systems enhancing comfort and efficiencyCrafted by an owner-builder with uncompromising quality, this refined Highland Woods residence blends timeless Tahoe charm with modern luxury. The vaulted great room features tile floors, built-in speakers, and a striking floor-to-ceiling river rock fireplace. A chef's granite kitchen offers a gas Viking range, Kohler cook center, a new double wall oven, stainless steel appliances, abundant storage, and a spacious breakfast bar.Entertain in style with a formal dining room featuring a custom built-in hutch and temperature-controlled wine storage for up to 200 bottles. The private primary suite provides a spa-like retreat with a Jacuzzi tub, tile flooring, and custom tile work. A downstairs family/bonus room and dedicated office add flexibility and function.Premium upgrades include radiant floor heating with four zones (2019), a new boiler, a newly replaced roof (May 2026), central vacuum, wood-wrapped Pella windows, hardwired surveillance, and a fully fenced yard. Extensive storage includes a hidden room with built-in safe and a Tuff Shed. Set near the meadow and bike path, this beautifully updated home offers elevated Tahoe living in a desirable in-town location.

Listed by Jean Merkelbach — Engel & Volkers Lake Tahoe

Listing Details

Status Withdrawn
MLS # 142361
Days on Market 238
Sold Date 1800-01-01
Price/Sq Ft $421

Property History

Dec 01, 2025
Listed for sale
$1,139,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Aug 2016 · county record $630,500 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.

Property Overview
Beds 3
Baths 2.5
Sq. Ft. 2,708
Lot Size 0.15 acres
Stories 2
Year Built 2001
Property Type Single Family Residence
Style Split Level
Subdivision Highland Woods (Res) 1
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 031313013000
Parking
Garage Spaces 2
Parking Features 2.00
Attached Garage Yes
Exterior & Lot
Exterior Features Storage Shed
View Forest
Roof Pitched,Composition,Shingle
Utilities & Systems
Heating Natural Gas,Hot Water System,Fireplace,Radiant Heat-Floor
Cooling Natural Gas,Hot Water System,Fireplace,Radiant Heat-Floor
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 — 926 Tanglewood Drive, South Lake Tahoe

Est. Annual Revenue
$54,708
Avg Nightly Rate
$293
Projected Occupancy
51.3%
Cap Rate
1.9%
Structural Score: 57 / 100 (Premium) · STR Zone: Yellow

Based on comparable vacation rental performance data for South Lake Tahoe. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
1,781 sq ft covered of 1,913 sq ft allowed
132 sq ft of coverage still available to add.
Parcel Size
6,378 sq ft
Allowed Coverage
1,913 sq ft · 30%
Existing Coverage
1,781 sq ft · 28%
Addable Coverage
132 sq ft
IPES Score
949.0
Existing Units
1

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Figures come from TRPA's public parcel data and are estimates; verify before relying on them for a build or purchase.

Verify on Tahoe Info ↗

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% ($227,800)
Home price
$1,139,000
Loan details
30-yr fixed, 6.5%
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