About This Property
Vacation Home Rental permits return under the City's updated ordinance, effective April 23, 2026.The revised regulations remove the 150-foot spacing requirement and establish a 900-permit cap within residential areas. Prospective buyers should review the new regulations carefullythe window to secure a VHR/STR permit may be limited as remaining allocations are distributed and competition increases.Corte Azure #3 - Ground Floor ResidencePositioned in one of South Lake Tahoe's most centrally located condominium developments, this completely renovated ground-floor residence combines modern accessibility with turnkey convenience. Fully furnished and comprehensively updated, the unit showcases fresh paint, new flooring, an updated kitchen with granite countertops, and contemporary lighting and fixtures throughout. A complete overhaul of systems, finishes, and fixtures ensures move-in readiness.The standout feature is its rare ADA-compliant design: a curb-less walk-in tile shower with sloped floor drain and custom-built in-unit washer and dryer hookups provide full wheelchair accessibilitya valuable distinction in the South Shore market. Natural light and a sense of openness are enhanced by views of HOA-owned open space across the street, while proximity to adjacent Bonanza Neighborhood Park offers immediate recreation and community connection.Just steps away from shopping, dining, and the lake, this property works equally well as a primary residence, accessible living option, or vacation retreat. Monthly HOA dues of $320 cover exterior maintenance, snow removal, common area upkeep, master insurance, and HOA-maintained water heating. Recent full roof replacement reduces near-term capital improvement risk.
Listing Details
Property History
Sale History · changed hands 1×
| Sold | Price | Listing agent (sell side) | Buyer agent (buy side) |
|---|---|---|---|
| Mar 2022 · county record | $280,000 | 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.
STR Investment Analysis
Yellow ZoneSTR Investment Summary — 1223 Bonanza Avenue #3, South Lake Tahoe
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
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