$649,000 Active
357 Wawasee Ave
Tahoe Vista, CA 96148
✓ STR Allowed — Permit Required
Placer County STR permit required. County-wide cap of 3,900 permits — new permits available until cap is reached.
3 Beds
·
1.0 Baths
·
898 Sq Ft

About This Property

Tucked into a charming enclave of Old Tahoe cabins that harken back to a simpler time, this single-story log kit home offers the perfect combination of character, comfort, and an unbeatable location. With vaulted ceilings and an efficient layout, the home feels surprisingly spacious while keeping everything you need close at hand. The updated kitchen is designed for stylish everyday living, featuring leathered granite countertops, soft-close Hickory cabinetry, stainless steel appliances, and a nook where you can linger over morning coffee. The thoughtfully designed bathroom includes a walk-in shower, custom built-ins, and a convenient stackable washer and dryer to keep beach towels and ski gear dry. Three bedrooms provide flexibility for guests, family, or working from home. Two are large enough to comfortably accommodate king-size beds, while the third makes an ideal home office, cozy guest room, or kids' bunk room. A front deck and parking area faces a string of vintage summer cabins inviting neighbors to gather and enjoy the area and surroundings. A back deck provides another access from Agatahoe Blvd and a shed to store off season items. And then there’s the location. Park your car and walk to many of your favorite Tahoe activities. Within two blocks or less is a sandy beach at Lake Tahoe, a public boat ramp, full-service marina, Old Range Steakhouse, Jiffy's Pizza, and the local post office. A few blocks farther, start your morning with coffee at Peps Place, browse Perennial Nursery for inspiration for your next garden, or treat yourself to one of the lake's delicious ice cream sundaes at the Cable Car Ice Cream shop. When you're ready to explore beyond the neighborhood, you're just minutes from the Stateline casinos and Crystal Bay Club concert series, and North Tahoe Regional Park, with 124 acres of trails, tennis, playgrounds, disc golf, sledding, and spectacular Lake Tahoe views. Highway 267 provides easy access to Northstar and Interstate 80. Kings Beach is just 2 miles away and nearby Tahoe City offers additional shopping, dining, and recreation, with skiing at Palisades Tahoe close by. This is a home where location truly trumps space—a place to simplify, get outside, and enjoy the very best of the Tahoe lifestyle, right outside your door. Don't wait long; this is a rare find, a well-cared-for 3-bedroom home at a condominium budget, steps from the lake!

Listed by Rebecca Arnold — Sierra Sotheby's Int Realty TC

Listing Details

Status Active
MLS # 20261686
Days on Market 1
Price/Sq Ft $723

Property History

Aug 12, 2026
Listed for sale
$649,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jan 2001 · county record $205,000 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.

Property Overview
Beds 3
Baths 1.0
Sq. Ft. 898
Lot Size 0.14 acres
Year Built 1973
Property Type Single Family Residence
Style Log Cabin
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 117090004
Parking
Parking Features None
Exterior & Lot
Lot Features Street
Construction Log
Utilities & Systems
Heating CFAH
📊

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 — 357 Wawasee Ave, Tahoe Vista

Est. Annual Revenue
$44,142
Avg Nightly Rate
$239
Projected Occupancy
50.6%
Cap Rate
2.7%
Structural Score: 55 / 100 (Premium) · STR Zone: Yellow

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

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
1,212 sq ft covered of 1,472 sq ft allowed
260 sq ft of coverage still available to add.
Parcel Size
5,886 sq ft
Allowed Coverage
1,472 sq ft · 25%
Existing Coverage
1,212 sq ft · 21%
Addable Coverage
260 sq ft

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% ($129,800)
Home price
$649,000
Loan details
30-yr fixed, 6.5%
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