$1,199,000 Active
926 Tanglewood Drive
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.
3 Beds
·
2.5 Baths
·
2,708 Sq Ft

About This Property

Thoughtful Upgrades, Lasting Value Radiant heat, new roof, and modern systems enhancing comfort and efficiency Crafted by an owner-builder with uncompromising quality, this refined Highland Woods residence blends timeless Tahoe charm with modern luxury. The vaulted great room features tile floors, built-in speakers, and a striking floor-to-ceiling river rock fireplace. A chef's granite kitchen offers a gas Viking range, Kohler cook center, a new double wall oven, stainless steel appliances, abundant storage, and a spacious breakfast bar.Entertain in style with a formal dining room featuring a custom built-in hutch and temperature-controlled wine storage for up to 200 bottles. The private primary suite provides a spa-like retreat with a Jacuzzi tub, tile flooring, and custom tile work. A downstairs family/bonus room and dedicated office add flexibility and function.Premium upgrades include radiant floor heating with four zones (2019), a new boiler, a newly replaced roof (May 2026), central vacuum, wood-wrapped Pella windows, hardwired surveillance, and a fully fenced yard. Extensive storage includes a hidden room with built-in safe and a Tuff Shed. Set near the meadow and bike path, this beautifully updated home offers elevated Tahoe living in a desirable in-town location.

Listed by Jean Merkelbach — Engel & Volkers Lake Tahoe

Listing Details

Status Active
MLS # 142361
Days on Market 147
Sold Date 1800-01-01
Price/Sq Ft $443

Property History

Dec 01, 2025
Listed for sale
$1,199,000
Property Overview
Beds 3
Baths 2.5
Sq. Ft. 2,708
Lot Size 0.15 acres
Year Built 2001
Property Type Single Family Residence
Style Split Level
Subdivision Highland Woods (Res) 1
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 031313013000
Parking
Garage Spaces 2
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Storage Shed
View Forest
Roof Pitched, Composition, Shingle
Pool & Spa
Pool No
Utilities & Systems
Heating Natural Gas, Hot Water System, Fireplace, Radiant Heat-Floor
📊

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 — 926 Tanglewood Drive, South Lake Tahoe

Est. Annual Revenue
$57,443
Avg Nightly Rate
$438
Projected Occupancy
35.6%
Cap Rate
1.9%
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% ($239,800)
Home price
$1,199,000
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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