$1,688,000 $1,780,000 ↓ $92,000 reduced Active Under Contract
2020 Aloha Drive
South Lake Tahoe, CA 96150

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⏳ STR — New Permits Waitlisted
City of South Lake Tahoe VHR permit required — the city's 900-permit residential cap was reached on August 21, 2026; new applications outside the Tourist Core are waitlisted. There is no guarantee a new owner will obtain a permit, and permits do NOT transfer on sale. Do not count on rental income without a permit in hand.
3 Beds
·
2.5 Baths
·
2,329 Sq Ft

Our data on this home

About This Property

Discover a one-of-a-kind waterfront Art House in the prestigious Tahoe Keys community of South Lake Tahoe. This extraordinary residence sits on a wide, serene lagoon with dramatic alpine views of Mt. Tallac.Every corner of this 3 bedroom, 2 1/2 bath Tahoe lodge style home reflects artistic vision with hand painted walls, unique decor and gallery quality finishes that make it a living work of art. Expansive windows frame the natural beauty of the water and mountain vistas.Boating enthusiasts will appreciate the brand-new private dock-just a short ride to the main channel and the world class recreation of Lake Tahoe! The game room, pool table and private hot tub provide year-round entertainment and relaxation.Additional highlights include a motorized awning over the waterfront deck, low maintenance landscaping, and a large garage with abundant storage for lake and mountain toys and gear. Surely, this exceptional retreat is the perfect choice!

Listed by Adele Lucas — Chase International - South Lake Tahoe

Listing Details

Status Active Under Contract
MLS # 142571
Days on Market 230
Price/Sq Ft $725

Property History

Mar 06, 2026
Listed for sale
$1,780,000
Jun 29, 2026
Price changed
$1,688,000
Sep 06, 2026
Pending
$1,688,000
Sep 09, 2026
Relisted
$1,688,000
Sep 23, 2026
Pending
$1,688,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
May 2020 · county record $1,015,000 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; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 3
Baths 2.5
Sq. Ft. 2,329
Lot Size 0.16 acres
Year Built 1983
Property Type Single Family Residence
Style Contemporary
Subdivision Tahoe Keys Units 5
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 022301039000
Parking
Garage Spaces 2
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Spa/Hot Tub, Boat Dock
Lot Features Water Front, Backs to Lagoon
View Mountains, Lagoon
Construction Wood Frame, Wood Siding
Roof Pitched, Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
Financial
HOA Fee $1,510 / Quarterly
HOA & Community
Community Amenities Pool, Tennis, Spa, Security, Beach, Pier, Boat Launch, Marina, Park
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
70
No revenue projection. Short-term rental permits are not currently obtainable here — the local jurisdiction has reached its permit cap or is waitlisting all new applications.

STR Investment Summary — 2020 Aloha Drive, South Lake Tahoe

No revenue projection. Short-term rental permits are not currently obtainable here — the local jurisdiction has reached its permit cap or is waitlisting all new applications.
Structural Score: 70 / 100 (Premium) · STR Zone: Red

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
2,456 sq ft covered of 1,955 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
6,839 sq ft
Allowed Coverage
1,955 sq ft · 29%
Existing Coverage
2,456 sq ft · 36%
Addable Coverage
0 sq ft
Existing Units
1

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 ↗ How the Basin compares

Home Insurance Estimate

California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup

$5,400 – $6,300/yr
about $488/mo
Est. Rebuild Cost (Coverage A)
$978,180
FAIR Plan (fire)
$4,500/yr
DIC wrap (theft, water, liability)
$900 – $1,800/yr

Estimate from this ZIP's California FAIR Plan rates (Plan data as of 6/30/2026, with the 29.1% increase effective 10/15/2026) on an estimated rebuild cost, plus a DIC policy at 20–40% of the FAIR premium. Not a bindable quote; a local broker quote depends on the home's age, roof, defensible space and claims history.

See it in the monthly payment Tahoe wildfire insurance costs

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

$10,941 per month
Principal & interest
$8,535/mo
Property taxes
$1,540/mo
1.0946% of the price, El Dorado County's 2025-26 rate, plus direct charges: California re-assesses a home at its sale price.
HOA dues
$378/mo
From MLS listing data.
Home insurance
$488/mo
CA FAIR Plan + DIC estimate, ~$5,400–$6,300/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($337,600)
Home price
$1,688,000
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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