$660,000 Active
940 Patricia Lane
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.
3 Beds
·
2.0 Baths
·
1,288 Sq Ft

About This Property

Charming South Lake Tahoe Ranch with Premium Upgrades & RV Hook-Ups!Welcome to this fully remodeled 3-bedroom, 2-bathroom ranch-style home, perfectly designed for mountain living and outdoor enthusiasts. This turn-key property features a brand-new roof, modern flooring throughout, and a beautiful kitchen equipped with a premium gas stove and new appliances. The fully fenced backyard is a private oasis, complete with a hot tub and a rear gate for easy access. Designed with utility in mind, the attached single-car garage comes fully plumbed with an air compressor, while a backyard shed offers generator-ready receptacles. Parking is a breeze with dedicated RV parking featuring full hook-ups. Minutes from world-class skiing, hiking, and beaches, this rare find combines modern comfort with ultimate functionality!

Listed by Rani Calderon — Elite Properties

Listing Details

Status Active
MLS # 143351
Days on Market 23
Sold Date 1800-01-01
Price/Sq Ft $512

Property History

Aug 18, 2026
Listed for sale
$660,000
Aug 22, 2026
Pending
$660,000
Sep 02, 2026
Relisted
$660,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Apr 2021 · county record $560,000 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; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,288
Lot Size 0.17 acres
Year Built 1966
Property Type Single Family Residence
Subdivision Tahoe Tallac
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023582017000
Parking
Garage Spaces 1
Attached Garage Yes
Utilities & Systems
Heating Forced Air, Natural Gas
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
64
PROJECTED GROSS ANNUAL REVENUE
$35K – $55K typically ~$45,000
~$3,750 per month
Avg Nightly
$233
Occupancy
53%
Cap Rate
2.7%

STR Investment Summary — 940 Patricia Lane, 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
$35K – $55K
typically ~$45,000
Avg Nightly Rate
$233
Projected Occupancy
52.8%
Cap Rate
2.7%
Structural Score: 64 / 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

Over coverage limit
2,078 sq ft covered of 287 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
7,431 sq ft
Allowed Coverage
287 sq ft · 4%
Existing Coverage
2,078 sq ft · 28%
Addable Coverage
0 sq ft
Existing Units
1

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% ($132,000)
Home price
$660,000
Loan details
30-yr fixed, 6.5%
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