$685,000 Active Under Contract
3338 Treehaven 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.
4 Beds
·
1,792 Sq Ft
Virtual Tour

About This Property

Opportunity awaits with this thoughtfully updated duplex in the heart of South Lake Tahoe, just three blocks from the shores of Lake Tahoe. Ideally situated near the new recreation center, restaurants, bike trails, public transportation, shopping, and everyday conveniences, this central location offers an exceptional Tahoe lifestyle.Both units feature 2 bedrooms and 1 bathroom and have been refreshed with new interior paint, laminate flooring, lighting fixtures, smoke and carbon monoxide detectors, updated kitchen cabinetry and countertops, and new appliances. Each unit includes one side of the carport, access to a shared laundry room with new washer and dryer, and a private fenced backyard, providing outdoor space for relaxation, storage, and added privacy.The property also features a spacious deck above the carport, recently resurfaced with a durable waterproof coating. Carport could easily be converted to 2 car garage. Enjoy a peek of Lake Tahoe while taking advantage of this versatile outdoor space for entertaining or unwinding after a day of recreation.Located within walking distance of local favorites such as MacDuff's Pub and Elements Eatery, as well as Bijou Park, bike trails, grocery stores, and Lake Tahoe Community College, this property offers strong rental potential, owner-occupancy options, and long-term value.

Listed by Michelle Keck — Compass

Listing Details

Status Active Under Contract
MLS # 142099
Days on Market 362
Sold Date 1800-01-01
Price/Sq Ft $382

Property History

Aug 27, 2025
Listed for sale
$549,000
Jul 02, 2026
Price changed
$730,000
Jul 23, 2026
Price reduced
$685,000 $730,000 ↓ $45,000
Jul 31, 2026
Pending
$685,000
Property Overview
Beds 4
Sq. Ft. 1,792
Lot Size 0.14 acres
Year Built 1976
Property Type Duplex
Subdivision Lakeview Pines
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 027364006000
Parking
Garage Spaces 2
Total Parking 4
Attached Garage Yes
Exterior & Lot
Construction Wood Frame, Wood Siding
Roof Pitched, Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Other/See Remarks
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STR Investment Analysis

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

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Premium
63
PROJECTED GROSS ANNUAL REVENUE
$41K – $73K typically ~$51,594
~$4,300 per month
Avg Nightly
$291
Occupancy
49%
Cap Rate
3.0%

STR Investment Summary — 3338 Treehaven Drive, South Lake Tahoe

Est. Gross Annual Revenue
$41K – $73K
typically ~$51,594
Avg Nightly Rate
$291
Projected Occupancy
48.6%
Cap Rate
3.0%
Structural Score: 63 / 100 (Premium) · STR Zone: Yellow

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
2,801 sq ft covered of 1,781 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
5,935 sq ft
Allowed Coverage
1,781 sq ft · 30%
Existing Coverage
2,801 sq ft · 47%
Addable Coverage
0 sq ft
Existing Units
2

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% ($137,000)
Home price
$685,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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