$199,999 $225,000 ↓ $25,001 reduced Active
1145 Sierra Boulevard
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.

About This Property

Calling all investors and builders! Don't miss this rare oversized buildable lot in the heart of the popular Tahoe Sierra neighborhood. With an outstanding location right on Sierra Blvd., completely flat topography with mature trees throughout, and an impressive IPES score of 982, this lot is sure to serve as a solid foundation for your future dream home or build project. Excellent walking location close to shops and restaurants, ideal for a family basecamp or an income property with South Lake Tahoe's newly restored Short Term Rental ordinance. Come join the Tahoe lifestyle---and as the song goes, Buy Dirt!

Listed by Angela Challenor — Christie's International Real Estate Sereno

Listing Details

Status Active
MLS # 142270
Days on Market 305
Sold Date 1800-01-01

Property History

Oct 23, 2025
Listed for sale
$225,000
Property Overview
Lot Size 0.17 acres
Property Type UnimprovedLand
Subdivision Unavail
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 031155020000
Exterior & Lot
View Forest, Filtered
Utilities & Systems
Heating None
📊

STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED GROSS ANNUAL REVENUE
$118K – $167K typically ~$142,500
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
0 sq ft covered of 2,256 sq ft allowed
2,256 sq ft of coverage still available to add.
Parcel Size
7,520 sq ft
Allowed Coverage
2,256 sq ft · 30%
Existing Coverage
0 sq ft
Addable Coverage
2,256 sq ft
IPES Score
982.0
Land Capability · TRPA-verified
IPES

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% ($40,000)
Home price
$199,999
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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