$799,000 Active
2244 Texas Avenue
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.
4 Beds
·
3.0 Baths
·
2,148 Sq Ft

About This Property

Updated!! Read showings instructions!This great two-story home is located in the Tahoe Island Park area close to Tahoe Keys and the Lake. Four bedrooms, 3 bath, 1 car garage with room for a possible RV or small trailer next to garage. Close to hiking and bike trails, as well as Tahoe Keys path to the Lake where you can enjoy the sun and beauty that surrounds you! Majestic Lake Tahoe is world-known for its beauty and year-round outdoor activities, whether you are looking to make Tahoe your home or Home-Away-from-Home! Come and live the life that Tahoe offers!Notes: Property is located in the Tahoe Park Add 04 and may be eligible for TKBHA membership in the Tahoe Keys Beach and Harbor Association.

Listed by Pamela Bettencourt — Coldwell Banker Select - LTB

Listing Details

Status Active
MLS # 140646
Days on Market 622
Sold Date 1800-01-01
Price/Sq Ft $372

Property History

Aug 15, 2024
Listed for sale
$799,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 2,148
Lot Size 0.14 acres
Year Built 1981
Property Type Single Family Residence
Style Split Level
Subdivision Tahoe Island Park 4
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023756016000
Parking
Garage Spaces 1
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Storage Shed
Construction Wood Frame, Wood Siding
Roof Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Fireplace
Financial
Annual Tax $3,617
📊

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 — 2244 Texas Avenue, South Lake Tahoe

Est. Annual Revenue
$63,349
Avg Nightly Rate
$490
Projected Occupancy
34.7%
Cap Rate
3.2%
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.

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% ($159,800)
Home price
$799,000
Loan details
30-yr fixed, 6.5%
Request a Tour
Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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